Travel Technology Europe wrapped up earlier this week in London, and what was revealed is pretty significant for ongoing travel developments. Tnooz’s THack initiative in particular uncovered and showcased some extraordinary travel technology assets. Voice enabled travel search, advanced API use tools, and even superior advertising solutions were offered, among the many other cutting edge technologies.
Russian billionaire steel tycoon Alexei Mordashov has increased his stake in German tourism group TUI. Mordashov raised his stake to above 20 percent from just above 15%. The transaction was made via his S-Group holding company. In TUI’s latest corporate documents, it is clear the company intends massive expansion into the Russian Federation.
Some really great online travel sites never even get mentioned. What with all the stories about American Airlines, Google, Expedia, Orbitz, Microsoft, even Bing, how is the consumer ever to know who the best is. What we often see is not innovation or anything approaching the best, it’s marketing and big business.
ITF SlovakiaTour 2011 kicks off in Bratislava, Slovakia this month. From the 20th to the 23rd of January, Slovakia hosts one of Europe’s largest travel expos. Thousands of visitors are slated to attend this year’s event to see the latest travel exhibitions from industry leaders.
The EU has now granted fee visa privileges to Albania and Bosnia-Herzegovina in an effort to spur democratic reforms and progress. These two Balkan republics’ citizens can now travel freely within the Schengen area, basically all of the EU. Officials warn of a withdrawal of privileges should serious problems with immigration ensue.
The World Travel Awards reveal the leaders in the travel industry. This year’s winners actually represent the leading companies that are taking the industry through one of the most difficult times economically in history. Travel looks to lead the world out of recession, and Eastern Europe is significant among this year’s award winners.
TUI Travel accepts CFO resignation amid almost scandalous restating of financials. CEO Peter Long and CFO Paul Bowtell talk, after which Bowtell announces his resignation. A restated financial report reveals a fairly vast accounting error – stocks decline on the news.