PwC forecasts ‘robust’ outlook for European travel

A “robust” forecast for European travel is expected to drive hotel trading but revenue growth will remain weaker after an exceptional 2015, according to PwC’s latest European hotels forecast. Record tourist arrivals last year propelled hotel performance for many European destinations. City trips remain a top travel growth segment and strong demand and weak supply […]

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Millennials Change the Travel Market, As Other Generations Follow Their Lead

As the upper end of the Millennial generation turns 35, its much-studied members are looking more and more like their parents—but that’s often because their parents are copying them, rather than vice versa, says Millennial expert Jason Dorsey. “Travel trends, just like technology trends, are starting with Millennials and rippling up to other generations,” Dorsey […]

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Stelios threatens legal action over easyJet dividend

EasyJet founder Sir Stelios Haji-Ioannou has threatened legal action in his dispute with the budget airline over its dividend policy. Sir Stelios, who holds a 34% stake in the carrier with is family, wants the ratio of profits paid out as dividends increased from 40% to 50%. This would deliver to him an extra £18.6 […]

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SURVEY: Spanish speaking holidaymakers plan most vacations

Among Spanish, English, and French speakers, Spanish speakers are by far the most motivated in terms of getting more holidays in 2016. Indeed, 65% of Spanish speakers would like more holidays whereas only 52% of English speakers and 39% of French speakers have voiced the same desire, according to the results of a recent survey. […]

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John Kent: Τhe destinations that kept us busy in 2015

Greece may be in financial turmoil but tourists have showed their continued preference to the country overlooking the negative attention that has been attracted. Tunisia suffered the worst terrorist attack in recent history; Egypt hoped for modest growth this year but the Sinai plane crash reversed that. Turkey experiences a slowdown this year for the […]

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John Kent: Models, Margins, Revenue and Consolidation in the Leisure Hospitality Industry

For more than 50 years, the large majority of European tourists preferred to book their short-haul holidays through Tour Operators and not independently. It was in mid ’60s when the North Europeans started to travel in a more organized way and the traditional tour operators like Thomson, Thomas Cook and Horizon made their first steps […]

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