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.