Finance

This campaign provides an instant discount to customers when they book their holidays to South East Asian destinations of Singapore, Malaysia, Thailand and Indonesia

Etihad Airways has seen a strong recovery in passenger operations for 2021 as it reports its financial results for the year

CWT, the business-to-business-for-employees (B2B4E) travel management platform, announced plans for its $100 million investment in the myCWT travel management platform

Holidays will cost many Brits far more than necessary given the lack of knowledge around foreign exchange (FX) charges and international transaction costs

Reliance Industries (RIL) said its wholly owned subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) has signed an agreement to acquire 73.37 per cent stake in Mandarin…

IndiGo and Kotak Mahindra Bank have launched its travel credit card – Ka-ching for unmatched rewards on domestic and international travel

American Express Global Business Travel (GBT) announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital

Avianca has successfully completed a financial restructuring process and emerged from Chapter 11 bankruptcy protection

Sydney Airport said it had agreed to USD 17.5 billion takeover bid by an Australian investor consortium, just days after reopening to international travel

SiteMinder will commence trading on Australian Securities Exchange (ASX) following oversubscribed Initial Public Offering (IPO) of AU$627 million today

Thai leisure travellers will continue to discover domestic destinations through 2022 as shorter, safer trips become the preferred mode of post-COVID travel.

Groups360, the leading online marketplace for meetings and events, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Participating Organization.…

Microsoft has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain's plan to go public

SoftBank-backed Oyo Hotels & Rooms has shortlisted JP Morgan, Kotak Mahindra Capital and Citi for its more than USD 1.2 billion initial public offering in India

Travel app Ixigo has raised USD 53 million, through a combination of primary and secondary issuance of shares, from investors, led by the Singapore sovereign wealth fund GIC, ahead of its…

OYO has raised a term loan B (TLB) funding of USD 660 million from global institutional investors

Paysafe, a leading specialised payments platform, announced the global launch of its safeguarding solution for the travel industry.

While 50% of Brits have been saving more since the pandemic, two-fifths (41%) of Brits are planning to spend more on their holidays once international travel resumes, according to the new…

airasia Digital, the digital arm of airasia Group and Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, today revealed a partnership whereby airasia Digital…

Yatra announced it was canceling the agreement, saying Ebix’s conduct breached material terms of the agreements

TUI has received the approval of the German government for a bridging loan of EUR 1.8 billion (USD 1.98 billion) from the KfW. The funds of Germany’s state-owned development bank are to…

Amid the enhanced community quarantine to the whole island of Luzon, the Philippines opened its PHP 27.1 billion (USD 524 million) “war chest” to combat the COVID-19 and PHP 14bn (USD 271m)…

WeSwap research has revealed the top ten destinations for card and cash spending, based on the popularity of use across its 500,000-strong userbase.

Airbus has reported full-year (FY) 2019 consolidated financial results and provided guidance for 2020. “We achieved a great deal in 2019. We delivered a strong underlying financial…

The Boards of Hamilton Hotel Partners, an independent London-based hotel management and investment firm, and Pyramid Hotel Group, a privately-owned full-service hotel and resort company…

The Illinois Department of Commerce & Economic Opportunity (DCEO), Office of Tourism, has announced USD 1.9 million in grant funding for two tourism grant programmes designed to…

The divestment of Air India has restarted with the government seeking to sell 100% of its equity share capital in the state-owned airline, including Air India’s shareholding interest of…

VLeisure, the technology company and booking platform for hotels, airlines and travel insurance, announced that VLeisure Operating System (VOS) is now available to 2-star and 3-star…

Following strong growth in 2019, the conference, training and event venue specialists, etc.venues plans to invest a further GBP 20 million (USD 25.96 million) in new space in 2020…

Airbus delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by 8%. In the 17th yearly production increase in a row, it progressed…

Spanish-based Beonprice has announced closure of a Series A funding round of EUR 2.5 million (USD 2.78 million) with venture capital fund Adara Ventures as the lead investor.…

From budgeting spending money to accommodation prices, travel money provider WeSwap unveils some ways you can save your money on this year's travels.

Aparthotel operator Staycity Group has revealed a positive trading year for 2019 with record occupancies across its estate and a number of key property openings, including its first…

Huazhu Group, a leading and fast-growing hotel group, has announced the closing of the acquisition of all shares in Steigenberger Hotels Aktiengesellschaft, Germany or popularly called…

Delta has completed its purchase of a 20% equity stake in LATAM Airlines Group. The USD 1.9 billion acquisition comes pursuant to the partnership the carriers announced in September.…

India has seen around four million new outbound travellers in the last two years and is one of the fastest growing outbound tourism markets in the world. Vivek Chaturvedi, head of marketing…

Wirecard, the provider of digital financial technology and FXChange, self-service currency exchange network in Singapore, are collaborating to provide outbound and inbound travellers in…

Marriott International has purchased the 270-room W New York – Union Square in the heart of Manhattan’s dynamic Union Square neighbourhood. The company paid USD 206 million for the…

Holiday Extras, the UK market leader in holiday extras such as airport parking, airport hotels, lounges and travel insurance, announced the acquisition of airport hotel and parking…

The CRISIL credit rating rationale has assigned Thomas Cook India (TCIL) corporate credit rating of ‘CCR AA-’. Additionally, CRISIL has reaffirmed its ratings on the debt programmes and…

OYO Hotels and Homes will be raising USD 1.5 billion as part of a latest round of funding which will be utilised for expansion in the US and strengthen its vacation rentals business in…

All 555 Thomas Cook shops are to be bought by rival Hays Travel in a move that could save up to 2,500 jobs.

CoStar Group, a provider of commercial real estate information and analytics, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace…

EbixCash has acquired the corporate travel business from Cox & Kings for an undisclosed amount. This is its second acquisition in recent months, after its purchase of Yatra.com.…

VLeisure, the one-stop B2B travel marketplace connecting travel agents with inventory in over 147 countries, has announced a new credit service that will empower travel buyers. Using…

Wirecard, the global innovation company for digital financial technology and OYO, the hospitality business chain, have announced that they are exploring collaboration opportunities to…

Sansiri, Thailand’s leading real estate developer, announced its investment to increase its shareholding in Standard International Holdings (SIH), the parent company of The Standard, an…

Indian regulator Competition Commission of India (CCI) has approved the acquisition of 42.5% of outstanding voting shares in MakeMyTrip by Chinese online travel agency (OTA) Ctrip.…

Genting Hong Kong (GHK) announced that it has signed loan agreements of EUR 2.6 billion (USD 2.88 billion) with a consortium led by KfW IPEX-Bank for construction and post-delivery…

YES Bank has partnered with Travel Money, the foreign exchange brand of FCM Travel, to provide highly secure digital payment solutions coupled with a completely seamless experience to…

OYO Hotels & Homes has announced a first-of-its-kind offering for its customers, -- complimentary insurance cover for guests as part of the booking price in OYO properties across…

Vacation exchange network as part of Wyndham Destinations, RCI, announced it has acquired travel technology platform Alliance Reservations Network (Alliance) for USD 92 million. This…

Feeling the heat this summer, hotel chain Marriott has registered a drop of 65% in its net income for the second quarter of 2019 at USD 232 million compared to USD 667 million for the…

UK parents’ ultimate wish is to take their families to Disney World. Research from Sainsbury’s Bank Travel Insurance reveals parents are creating new family bucket lists – a list of…

To promote tourism in Phuket, Bangkok Airways recently organised the “Bangkok Airways Phuket Half Marathon”, the fourth running programme of the Bangkok Airways Boutique Series 2019 at…

YES Bank has acquired 18.55% stake in Cox and Kings on invocation of pledged shares. It has also acquired 30% stake in Ezeego One Travel & Tours, which is promoted by Cox &…

Chinese low-cost airline Okay Airways, has secured CNY 2.1 billion (USD 310 million) from its parent company Huatian Investment, after the latter changed its majority shareholder.…

Latvian airline airBaltic successfully placed a EUR 200 million (USD 223.17 million) issue 6.75% five-year bond becoming the largest corporate bond issue originating from Latvia. The…

The US-based supplier of on-demand software and e-commerce services to the insurance, healthcare, financial and e-learning industries, Ebix has acquired Yatra Online, for an enterprise…

Following my article on how to deal with 'holiday hell', it's to look at some of the more bizarre misfortunes that travellers have had to face.

Thailand's Siam Commercial Bank (SCB), The Mall Group -- along with support from the Tourism Authority of Thailand (TAT) –  unveiled the new 'SCB M Visa prepaid tourist card' for foreign…

Zuji, an online travel booking platform has abruptly stalled its airline booking operations in Singapore and Hong Kong.

Thai hospitality and investment group Minor Hotels has revealed today that it has upped its commitment to Global Hotel Alliance (GHA), by taking a stake in the independent hotel…

Customers can benefit from 52 days interest-free credit on bookings, real-time spend tracking and monthly reporting.

Home buying and selling platform, SellAnyHome.com, has released insights generated from thousands of its registered users, showing the strength of the real estate market in the UAE.

WeSwap has launched UK’s first currency clean-up - an industry first partnership that allows holidaymakers to clear out their kitchen drawers, glass jars and travel wallets of unused…

In an independent research concluded by CYBG’s digital banking service, B, it was revealed that 33% of Brits experience financial challenges when they return home due to unhealthy holiday…

To gain the best exchange rate you are sometimes required to track the top rates for your holiday money you are going to need against your home currency before you decide to buy. Banishing…

Darvin Kurniawan, the Indonesian co-founder and CEO of Singapore-based start-up Crowdvilla, entered the alternative accommodations industry by way of blockchain-powered cryptocurrency. …

Far East Consortium International Limited (FEC) announced today that  subsidiaries FEC Overseas Investment (UK) Limited (FEC OIL) and FEC Investment (US) Limited have entered a merger…

Singha Estates announced at the weekend that it has signed an agreement to buy Laguna Phuket Beach Resort. In an article for hospitality consultants C9 Hotelworks, Bill Barnett, reports the…

AccorHotels has announced that it has signed agreements with a group of international investors with a view to selling a majority of the capital of AccorInvest.

Duetto, hospitality's only 'Revenue Strategy Platform', announced have the closing of an $80 million Series D financing round led by funds affiliated with Warburg Pincus, an American global…

American Express Global Business Travel (GBT), the corporate travel arm of American Express, purchased Hogg Robinson Group plc (HRG), a global B2B travel management company, for roughly £400…

China Lodging Group (Huazhu), a fast-growing multi-brand hotel group in China, has announced it has formed a joint venture with TPG Capital Asia (TPG). The deal is an 80 -20% split -- in…

Frozen Lime Asia, a consultant specialising in revenue management, distribution, sales and marketing for hospitality and tourism sectors, has announced its strategic alliance with RateGain,…

Preferred Hotels & Resorts, has announced its 2017 year-end results. In 2017, the company generated $1.35 billion in reservations revenue on behalf of its member properties worldwide, a…

Provenance is the foundation for enduring brand success and has become more important than ever for organisations wanting to succeed in today’s complex consumer environment. That is the…

The first session of China Aviation Trends Conference was held on January 12, 2018 (CST), focusing on Indian aviation market opportunities. Professionals from Chinese and Indian governments,…

Finnair’s December passenger volume reached a new high, the number of passengers per year increased by more than one million to close to 12 million passengers.

Travelport released revenue statistics for the third quarter of 2017, yesterday. Commenting on the numbers Gordon Wilson (main picture), president and CEO of Travelport, cited the Asian…

Mafengwo, a Chinese independent online travel platform, has announced that it has closed its Series D fundraising round of $133 million. New investors in this fundraising round include…

American Express Global Business Travel (GBT) announces today the appointment of Ashish Kishore as the new Managing Director for GBT, India. In his new role, Ashish will have overall…

Air New Zealand is exploring the use of blockchain-based systems within its business, reinforcing its global reputation for innovation and embracing new and emerging technology.

Asia Aviation Plc. (AAV), majority shareholder of Thai AirAsia (TAA), has released its operating results for Quarter 3 of 2017 with AAV achieving revenues of Baht 8,734 Million and net…

Visa, the  payment technology partner at the Olympic and Paralympic Games, has introduced three commercially available wearable payment devices.

Galaxy Entertainment Group (GEG) launches a partnership with ICBC (Macau) and WeChat, making it the first hospitality and entertainment group in Macau to accept WeChat pay throughout its…

Better-than-expected currency sales in the first quarter indicate strong and sustained demand for overseas holidays, Post Office Travel Money has declared in its latest Holiday Money Index.…

New research from travel insurance specialist Columbus Direct reveals that the falling pound has left British holidaymakers lighter in the pocket, with 41 per cent saying that it has had an…

A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase in arrivals from North America, brought on by the…