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.
In travel technology news today, Concur, an integrated travel and expense management company, announced a $5 million dollar investment in the Yapta airfare and hotel rate tracking service. Accordingly, Cloncur will now use Yapta exclusively for their TripIt Pro user accounts.
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.
Portugal’s travel sector is in grave trouble, perhaps far more serious than previous reports have suggested. The industry that represents 11 percent of the country’s GDP has lost fully one third of its travel agents to insolvency. The economic times and pressure from online travel agents have made the situation there untenable. But a double sided government effort has not helped either.