Jens Ritter, currently a Member of the Executive Board and COO of Eurowings, will become the new CEO of Lufthansa Airlines on 1 April 2022 and will succeed Klaus Froese. Klaus Froese is handing over his post after more than six years on the Executive Board of Lufthansa Airlines, most recently as CEO. Going forward, he […]
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The COVID-19 pandemic has impacted and changed the hospitality industry forever. Today, the world’s best hospitality management university EHL Ecole hôtelière de Lausanne announces their forecast for the up-and-coming trends expected to shape hospitality in 2022. As the global industry adapts to COVID-19 protocols, two EHL professors, Dr. Weisskopf and Dr. Masset, have investigated what […]
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TUI has taken another step out of the crisis with an almost balanced fourth financial quarter of 2021. Due to the successful resumption of the tourism business, TUI is close to reaching break-even in terms of underlying EBIT at -97 million euros in Q4 2021. TUI Hotels & Resorts, an important and high earning division […]
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The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]
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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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Most of 2020 and 2021 has been a catastrophic period for the world airline industry, as passenger demand plummeted and countries across the world were affected by lockdowns and severe travel restrictions. The Skytrax customer survey operated for 23 months (September 2019 to July 2021), with the 2021 Awards representing a mix of more normal […]
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The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that nine Interested Parties have submitted an Expression of Interest for the acquisition of a majority stake of at least 67% of the “Heraklion Port Authority” (HPA S.A.). Expressions of Interest were submitted by the following Interested Parties (in alphabetical order): […]
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With travel reopening more widely this year since the pandemic hit -particularly in highly vaccinated North America, the UK and the European Union- it might seem as though global movement is inching its way back to a more reasonable cadence, in spite of the Delta variant, and that tourism is slowly getting back on track. […]
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Ahead of the 01 July deadline for Member States to implement the EU’s Digital COVID Certificate (DCC) system – the crucial enabler for the restoration of freedom of movement within Europe – airlines and airports are warning of major operational risks due to the inconsistent approach by Member States in applying the DCC across Europe […]
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Investors are increasingly optimistic about their regional economic outlook and the equity markets, according to UBS’s new Investor Sentiment survey, which polled more than 4,000 investors and business owners across 14 markets globally in late December and January. A majority of survey respondents (60%) have a positive economic outlook over the next 12 months, compared […]
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