Thomas Cook Plans $940 Million Rescue With Fosun as Breakup Looms

skift.com - Travel Services · 12 Jul

The news isn't great for shareholders but it does offer some encouragement to employees and anyone who has booked a flight or holiday this summer.

How Sunweb Is Taking On Europe's Biggest Tour Operators

skift.com - Travel Services · 11 Jul

Package holidays are still popular across much of Europe, and companies like Sunweb think there are plenty of opportunities for growth. Buying up riv

Inside IHG's Plan to Rejuvenate Regent

skift.com - Travel Services · 10 Jul

For years Intercontinental Hotels Group lacked the brands to truly compete at the luxury end of the hotels market but by buying Regent and Six Senses

Travel Advisors Book Sri Lanka Again Thanks to Downgraded Warnings

skift.com - Travel Services · 9 Jul

Tourism to Sri Lanka was riding high until the Easter massacre all but shut it down. Now that foreign governments are scaling back their travel warni

Cox & Kings to Sell Businesses to Raise Much-Needed Cash

skift.com - Travel Services · 28 Jun

With the hostel market still so fragmented, the Meininger business would make an attractive option for one of its rivals or perhaps a private equity

Travel Manager TripActions Raises Another $250 Million

skift.com - Travel Services · 27 Jun

TripActions now claims to be worth $4 billion after raising nearly half a billion dollars. Raising so much money in such a short time raises question

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

skift.com - Travel Services · 8 Jun

You heard in Singapore first. The CEO of the Fosun Tourism Group did not deny the company was moving ahead with a larger play for Thomas Cook at Skif

Serko Staffs Up for Pivotal Year of International Growth

skift.com - Travel Services · 31 May

Serko is taking its Zeno corporate travel tool global. Scaling the company is coming at a cost, but corporate leadership is hopeful that the spending

Imperiled Thomas Cook in Talks to Sell Nordics Division

skift.com - Travel Services · 23 May

Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook

Preventing Fraud Is Still a Problem for Travel Managers

skift.com - Travel Services · 17 May

Beyond employees getting wasted or buying forbidden flight upgrades with their corporate cards, the fear of large-scale data breaches has travel mana

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

skift.com - Travel Services · 16 May

Announcing such a big loss is not a good look for any company, but Thomas Cook management will be hoping they've got all of the bad news out at once

What Embattled Thomas Cook Must Do to Stay Alive

skift.com - Travel Services · 12 May

The debt-laden European tour operator's ongoing struggles are reaching a breaking point. It's still possible to get its house in order, though, and i

Hawaii Weighs Measures to Curb Airbnb

skift.com - Travel Services · 6 May

While Hawaii is not the only destination reeling from the impact of short-term rentals from Airbnb and other providers, its already sky-high housing

Why TUI Favors an Asset-Heavy Approach

skift.com - Travel Services · 3 Apr

TUI's ownership of all parts of the vacation journey make it a formidable force in the industry. But the strategy doesn't come without its own risks.

American Express GBT Reports No Major Indigestion After 2 Big Acquisitions
American Express GBT Reports No Major Indigestion After 2 Big Acquisitions

skift.com - Travel Services · 28 Mar

It's one thing to buy a competitor, and another to successful integrate its systems. American Express Global Business Travel has had to do it twice i

Eventbrite's International Growth Hits Major Snag

skift.com - Travel Services · 14 Mar

Going global in the events sector is tough. Eventbrite has the added pressure of being a public company, and investors have soured on the company's p

Would Tax Law Proposals Kill Travel Agencies in Some States?

skift.com - Travel Services · 12 Mar

As states look for new sources of tax revenue in the service-driven economy, businesses like travel agencies are viewed as likely targets. Ignorance

Certify and Chrome River to Challenge Expense Leader SAP Concur

skift.com - Travel Services · 5 Mar

The combined Certify and Chrome River still pales in scope when compared to global behemoth SAP Concur. The approach of offering a variety of differe

New Hilton Brand Invests in Flexible Spaces

skift.com - Travel Services · 28 Feb

It makes sense for Hilton to fix its marquee brand by appealing to event planners with upscale lodging and interesting spaces. It will take some time

What Went Wrong at Thomas Cook in 2018?

skift.com - Travel Services · 20 Dec

Thomas Cook might have been a victim circumstance but it probably hasn't helped itself. It is caught between the asset-heavy approach of TUI and smal

Travel Advisors Warn U.S. Clients to Get Ready for Real ID Deadline

skift.com - Travel Services · 11 Dec

It may seem early to be worrying about the October 2020 deadline for so-called Real IDs for U.S. domestic travel, including U.S. territories, but pla

Club Med Owner Fosun Expects Tourism IPO to Hit Lower End of Pricing

skift.com - Travel Services · 6 Dec

With stocks falling across the world, it might not be the best time to launch an IPO.

Rome Tour Bus Restriction Stirs Europe's Latest Overtourism Controversy

skift.com - Travel Services · 15 Nov

Tour buses bring thousands of people to Rome each day, but many increasingly run on cleaner fuels than their passenger car counterparts. Buses also r

Cost Cutting Could Lead to Big Changes for Meetings in 2019

skift.com - Travel Services · 5 Nov

Planners have to get creative as both expectations and costs are set to increase in 2019. Technology can only do so much and event design will shift

Burlesque Dancers at French Conference Draw Sexism Complaints

skift.com - Travel Services · 30 Oct

Regardless of the cultural climate, the reality is that business conference organizers know that many attendees relish seeing half-nude women dance a

Asiana Airlines' New Bag Restriction Is Bad News for Luxury Retailers

skift.com - Travel Services · 20 Oct

Luxury retail has grown significantly in Southeast Asia and China. Other airlines will likely follow Asiana's example with bag restrictions if the ma