The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]
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High net worth individuals and business owners globally are slightly more optimistic on the economy and stocks but are concerned about the trade war and holding more money in cash, according to UBS Global Wealth Management’s quarterly Investor Sentiment survey. The survey, which polled more than 4,600 wealthy investors and entrepreneurs in 18 countries, saw […]
Continue ReadingThe TUI Group is further restructuring its traditional tour operator business and sharpening its profile. The tourism group has concluded an agreement to divest its two German specialist tour operators Berge & Meer and Boomerang Reisen to equity investor GENUI. Hamburg-based private investment firm GENUI will acquire the two companies for around 100 million euros. […]
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With the U.K. (and continental Europe) gripped in Brexit uncertainty, the travel industry is having to put contingency plans in place to ensure business as usual for the millions of domestic and foreign travelers. The overriding message from the ‘Brexit – Dead Ahead’ panel during Phocuswright Europe in Amsterdam last week, is that everyone loses. […]
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Fraport Greece was awarded the gold award for the strategic upgrade of infrastructures at the 14 airports that it has been managing since April 2017. The award was in recognition of the company’s successful implementation of the investment program that, among others, includes the simultaneous expansion and renovation of the commercial spaces over 14 airports […]
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The world’s largest tourism convention is attracting numerous heavyweights. From 6 to 9 March 2019 at the ITB Berlin Convention, 400 leading figures from tourism, politics and business will be speaking about the future of travel at a total of 200 events. As well as forward-looking transport systems, a shift in customer expectations and luxury […]
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ICAP, the only company recognised as Rating Agency by the Hellenic Capital Market Commission and the European Securities and Markets Authority (ESMA), indicated for 8th consecutive year the 61 Companies and the 9 Groups-Leaders, based on four measurable and objective criteria, according to their published results. The glamorous ceremony was presented by Mrs. Katerina Gagaki, […]
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Travelers who book their hotels at the last possible chance usually save a great sum of money. Hotels booked on the same day when they are needed are usually 23 percent less expensive than overnight stays booked in advance. Last moment hotel bookings are very friendly to the travelers’ budget. This is one of the […]
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China’s business travel market has overtaken the United States as the number one business travel market in the world. This is one of the key findings from the GBTA BTI Outlook – China 2016 H1, a report by the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), sponsored by […]
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Business travel was ‘largely unaffected’ by the Paris terrorist attacks, according to two new polls. Research by the Global Business Travel Association (GBTA) and its European partners found that more than 90% of US and European business travel buyers said travel was largely unaffected by the terrorism. It also found that travellers became more resilient […]
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