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Club Med: Asia Moves May Prove Prudent

2013-05-28 by Phil Butler

Club Med campaign

News yesterday detailed an apparent buyout bid by French insurance company AXA, and the Chinese conglomerate Fosun International to control resort chain Club Med. According to reports the major shareholders offered something on the order of $719 million have been confirmed and supported by the Club Med management team.

Tags: Asia travel, Club Med, Fosun International, Henri Giscard d'Estaing, luxury travel, online bookings, resorts, travel companies, vacation resorts

Acromas Holidays Shuts Doors of Tailor Made Travel

2013-05-14 by Aleksandr Shatskih

Tailor Made Travel

Tailor Made Travel, a division of Acromas Holidays, has officially closed up shop and will take no more bookings.

Tags: AA Getaways, Acromas Holidays, online travel, tourism portal, travel bookings, travel companies

TUI Profits Down – But Europe’s Biggest Tour Company’s Spirit is UP

2013-05-10 by Aleksandr Shatskih

Tui Travel banner

Europe’s leading tour operation, TUI Travel, has just announced their first half of 2013 sales figures. According to TUI losses of some £346 million were actually less than some expected. The company pointed to strong markets in the UK and in Scandinavian countries as having relieved a unprofitable Winter.

Tags: online travel, Peter Long, profit and loss, tour guides, travel companies, travel profits, TUI, TUI profits

Amazing Greece and Travelers There Too

2013-03-28 by Phil Butler

Temple of Poseidon - Courtesy © Nikolai Sorokin - Fotolia.com

The other day I decided to use a favorite PR and publishing tool of ours, Help A Reporter Out (HARO) to gets some faves in Greece for our readers. As it turns out, even despite Greece’s economic woes, the love tourists feel for that place is stronger than ever. How can I know without a PhoCusWright study? The fastest and most enthusiastic HARO responses ever, that’s how.

Tags: Crete tours, Greece, Greece photography, Greece tours, Greece Weddings, Greek hiking, Greek tours, HARO, Kayak Greece, travel companies, travel writers, walking Greece, Yachting Greece

Thomas Cook Sells Off North America Operations for Peanuts

2013-03-26 by Aleksandr Shatskih

Redtag site

Thomas Cook Group PLC has announced selling their North American operations to Canada firm Red Label Vacations Inc. According to the news, the deal was worth only $5.2 million from the firm that operates travel website www.redtag.ca.

Tags: company news, economics, investment news, thomas cook, travel companies, travel investments, travel stocks

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