Blackstone, EQT and the Kuoni and Hugentobler Foundation (“KHF”) today announce that funds managed by Blackstone Capital Partners (“Blackstone”) have signed a definitive agreement with EQT VII fund (“EQT Private Equity”) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in the Company with a minority position […]
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The Travel & Tourism sector’s continued sluggish recovery will see its year-on-year contribution to global GDP rise by less than one third in 2021, according to new research from the World Travel & Tourism Council (WTTC). WTTC, which represents the global Travel & Tourism private sector, says the recovery of the sector has been hampered by […]
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Wyndham Hotels & Resorts (NYSE: WH) and Playa Hotels & Resorts (NYSE: PLYA) announced today the launch of a new all-inclusive resort brand, Wyndham Alltra. The announcement marks Wyndham’s 22nd brand and its first dedicated entirely to the all-inclusive segment. In conjunction with the brand launch, Wyndham begins a strategic alliance with Playa Hotels & […]
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The International Air Transport Association (IATA) called for an end to wildly inconsistent COVID-19 travel restrictions that are stalling the recovery of air transport. It urged governments to implement simplified regimes to manage the risks of COVID-19 as borders re-open to international travel. “Travel restrictions bought governments time to respond in the early days of […]
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A high demand for flights to leisure destinations continues into the upcoming autumn holidays. After August, October shows the highest increase in bookings to sunny, European destinations. As a result, Lufthansa is expanding its flight program to popular sunny destinations even further. The most important European vacation destinations will now be served with more than […]
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Five new routes and more modernized, fuel-efficient aircraft are set to debut at Logan International Airport in 2022, as Boston’s No. 1 global airline continues building up a premier hub and international gateway. “We’ve strengthened our Boston hub as demand has accelerated, adding about 3,800 more seats a day by next summer than our last […]
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Thanks to the recent easing of travel restrictions, KLM Royal Dutch Airlines will be allowed to operate additional services to destinations in the United States this winter. The US recently announced that, from the start of November, vaccinated travellers from the EU and UK would be granted access to the US. The Dutch government also […]
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It’s long been famous for luxury long-haul trips to places like the Maldives, Caribbean and Thailand, but now Kuoni is putting a new focus on launching its biggest ever range of luxury short-haul holidays. The worldwide travel company has spent the past few months handpicking and contracting a new range of luxury short-haul places to […]
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Norwegian Cruise Line (NCL), the innovator in global cruise travel, today marked another milestone in its Great Cruise Comeback with the redeployment of Norwegian Epic and Norwegian Getaway in the Mediterranean. A third of NCL’s fleet of 17 ships are now back in operation, welcoming guests back on board after the Company’s more than 500-day […]
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New series exploring the treasures of the Mediterranean with the first episode focussed on Greece This 5-part 60-minute series was an answer to the claustrophobia and joylessness of lockdown. Professor Bettany Hughes OBE wanted to try to do what she does best. Finding inspiration from across history, to explore household-name treasures and new finds from […]
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