International investment giant Hines has acquired Out of The Blue Capsis Elite Resort in Crete’s Agia Pelagia for €125.2 million.
Russia’s Vladimir Potanin Backs New Sochi Resort
Russian billionaire Vladimir Potanin’s Interros Holding and its partner Vasta Discovery will invest $1 billion in a new Sochi resort.
2021 COVID Contingencies: What If GetYourGuide Is All Done?
Berlin startup GetYourGuide floats an 80 million euro line of credit financing to help the company stay afloat. What does it mean?
Resilient Business Ecosystems: The Only Vaccine for Travel & Hospitality
The only way to weather the COVID-19 storm is to be lean, efficient, and flexible in the short and long term.
Henley & Partners Welcomes New “Citizenship by Investment” Program in Montenegro
Henley & Partners, the leading global investment migration firm, welcomes today’s announcement by the Government of Montenegro that it will be launching a citizenship-by-investment program in October. It follows the decision a few weeks ago by another European nation, Moldova, to award Henley & Partners the mandate to design, implement, and promote its much-anticipated Moldova Citizenship-by-Investment (MCBI) program.
Langham Hospitality Group Plans $1.5 Billion Expansion
Langham Hospitality Group says they intend to acquire hotels in Miami, New York, San Francisco, and and other cities internationally. The Hong Kong based company announced they have set aside up to $1.5 billion for the expansions.
Aimia Acquires Spain’s Travel Club
Loyalty management company Aimia has just acquired a 25% stake in Spanish loyalty coalition Travel Club. The six million members of Travel Club now integrate with the international membership base eg. the UK’s Nectar, Nectar Italia, and Aeroplan etc.
Ratan Tata: Will India’s Greatest CEO Go Out Winners?
Not so many people in the world of business in India know of a man named Ratan Tata, but for entrepreneurial spirit, they certainly should. News today about his Tata Group and his Indian Hotels Co. Ltd., reveal one reason Tata has been so successful. News of an Orient-Express acquisition bid signal a bell ringing play by the famous businessman.
Investors Eagerly Await TZOO Q3
Travelzoo Inc. (NASDAQ: TZOO) will hold a conference call next Thursday October 25th to discuss their finances for Q3 of 2012. A press release reporting results will be issued just prior to market opening of that day.
Renthome.ru Expands With Angel Round + Digital Strategy
Renthome.ru, an online resource for independent travelers offering short-term vacation rentals across Russia and the CIS, has received approximately $1 million in angel investment. Participants in this round of investment include Russian and international entrepreneurs, as well as investors from the real estate market and finance sector.
The Czech Tourist Authority: Template for European Outreach
In news from the Czech Republic, Tourist Authority Director Radka Neumannova is one Eastern European bureaucrat who knows how to engage and inform potential industry and tourists. Like many countries in the region, the Czech Republic is largely thought of as a travel destination for one city only. But there is a lot more to this vibrant destination than Prague.