Tour giant TUI’s net debt has ballooned to 7.2 billion euros during this pandemic, and the company is despate to reboot operations in Spring.
A recent survey conducted by leading travel platform Trivago shows that 40% of Britons will do anything for a vacation.
Smart technologies and the ecosystems they are integrated into, these each represent opportunities for both businesses and travelers. Airports, being central to the overall travel market, they will soon become highly advanced Smart hubs themselves, According to a new report from MarketsandMarkets, the global market for smart airports will reach $13.5 billion by the year 2020. Already the demand for smart technologies integrated into center infrastructures will skyrocket in the next few years.
A couple of weeks ago we announced hotels could load their inventory onto Treovi. Yesterday the Swiss startup announced having opened their beta doors to guests, inviting the world to not only search desired destination hotels, but to just plain “book!” This niche of travel booking entities is growing pretty fast, but Treovi thinks their model is the only truly free one.
What could Google do with Travelzoo (NASDAQ:TZOO)? This is the question some insiders may be asking if reports of the beleaguered travel deal company’s sale ring true. Having had shared plummet over 70 percent since last year, Travelzoo would seem ripe for the picking, but just who’s plucking online booking portals these days? Reuters has it the company is seeking advisers on a potential sell.
yStats.com, the secondary market research firm established in Hamburg, Germany, has recently launched its “Global Online Travel Report 2012” – an objective analysis of the International travel market, based on statistics, business reports, journals, company registries and new portals.
One of the world’s most venerable travel companies, Thomas Cook, appears to be on the ropes. The tour operator, second largest in Europe, saw its shares sink 75 % at close, on top of other company troubles.
In travel technology news, Travel Media Group has just launched Travel Media Interactive, a so called next generation marketing and reputation management tool. A division of Dominion Enterprises, TMG is targeted at online marketing solutions for the travel industry.
The Justice Department stands poised to nix Google’s acquisition of ITA proprietary software as FairSearch and other entities press the issue. Is Google becoming a monopoly? This is the overriding question on the minds of consumers, but what is on the government’s mind, this is what counts. With American Airlines’ recent ITA deal, exactly how will the Justice Department deal with the immense pressures being leveled? This online travel war is a far bigger confrontation than many realize.
Welcome to Russia joins the elite list of travel companies belonging to the ASTA. According to this latest news, Russia’s leading conduit for travel support joins the world’s largest travel agent association. Russia is set to engage travel and tourism on an unprecedented level.