German airline Lufthansa is expanding its presence in the United States, adding new flights and new cities to its robust lineup of international flights.
25.08.2023 - 13:43 / skift.com
Premier Inn owner Whitbread Plc on Tuesday reported its annual profit above pre-pandemic levels, beating expectations, buoyed by strong demand for accommodation and leisure travel in the wake of holiday periods devoid of Covid-19 restrictions.
Budget hotel chains and airlines have seen robust demand as consumers restrict spending on the back of a deepening cost-of-living squeeze. Hopes that Whitbread’s key markets – the UK and Germany – could avoid recession also boosted business prospects for the London-listed firm.
The company said strong trading has continued into the new financial year, with its UK accommodation sales up 17 percent in the seven weeks ended April 20 from the year-ago period.
The hotel chain also floated plans to launch a share buyback program of up to $374.4 million.
The company, which also owns steakhouses Beefeater and Bar+Block, reported adjusted profit before tax of $514 million for the 52-week period ended March 2, compared with average analysts’ estimate of $472 million, according to Refinitiv Eikon data.
(Reporting by Aby Jose Koilparambil and Radhika Anilkumar in Bengaluru; Editing by Sherry Jacob-Phillips)
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German airline Lufthansa is expanding its presence in the United States, adding new flights and new cities to its robust lineup of international flights.
Holiday Inn and Holiday Inn Express brands, together making up nearly 70% of InterContinental Hotels Group (IHG)’s portfolio in India, are going to remain the “driver of growth” in the market, said the company’s South West Asia Managing Director, Sudeep Jain.
A partnership between Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), and VisitBritain, Britain’s national tourism agency, has seen a 25% boost in bookings to Great Britain.
TUI is expanding the season in Turkey. Turkey is one of the most popular holiday destinations for TUI guests from all markets. 1.9 million guests travelled to Turkey with TUI in 2022. The country is not only a sought-after destination in the summer season. TUI Deutschland customers can book holidays in Antalya all year round. The region on the Turkish Riviera is TUI’s fifth largest destination in the winter season. Now the offer is also being expanded for British guests: for the winter season 2023/24, capacities for Antalya will be increased by 30 per cent.
As part of the roll-out, JustPark’s extensive network of on- and off-street parking spaces will become visible and payable through the growing number of UK connected cars that have Parkopedia in-car services and through the Parkopedia website and mobile apps
Cricket is the most popular sport in India and has a huge fan base. Beyond just being a sport, it is deeply embedded in the nation’s culture, evoking intense emotions from the masses over the victories and losses of their favorite teams: 90% of the global cricket fandom consists of Indians, highlighting the cricket craze in the country.
Ryanair on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers switch from higher-cost rivals.
Looking to position itself as a leading tourism destination in the Middle East, Dubai has scrapped the 30 percent municipality tax on alcohol for what has been called a trial period of one year, till December 31. Also, tourists and expats will no longer need to pay a fee to secure a personal liquor license to purchase alcoholic beverages. However, an Emirates ID, or passport for tourists, will still be required. The change that came into effect from Sunday, was confirmed by Maritime and Mercantile International, one of the biggest alcohol retailers in the United Arab Emirates and a subsidiary of the state-owned Emirates Group.
The U.S. Travel Association has launched a website to highlight the negative impact of long visitor visa interview wait times—which now exceed an average of 400 days—is having on global travelers and U.S. businesses. Called USVisaDelays.com, the website lists stories of those affected, loss in industry spending, visitor wait times, impacted markets and a policy fact sheet.
Whitbread’s Premier Inn reported strong third-quarter occupancy figures for its 890 hotels, averaging 85 percent. Executives credited the performance to travelers becoming more cost-conscious during an inflationary period in its key markets of the UK, Germany, and the Middle East and thus migrating away from costlier hotel brands.
Hong Kong leader John Lee unveiled on Thursday a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the financial hub after more than three years of tough Covid-19 curbs.
Corporate Travel Management is investing in building back up its teams to prepare for the global travel recovery.