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Articles tagged “australia”

News Blog

Flight Centre Travel Group Plays Down Rumors It’s Buying U.S. Agency Altour

Flight Centre Travel Group has rebuked “media M&A speculation” that it is poised to buy U.S. travel management company Altour. “Flight Centre Travel Group (FLT or Company) is aware of media speculation in The Australian newspaper claiming FLT is considering the potential acquisition of a corporate travel business in the USA,” it said in a…

Airline Weekly

Qantas, Air New Zealand Expect Boost From Foreign Airlines Schedule Constraints

Expect high airfares to Australia and New Zealand for the foreseeable future. Qantas and Air New Zealand, and their foreign competitors, say international schedules may not recover until mid-decade.

Qantas, Air New Zealand Expect Boost From Foreign Airlines Schedule Constraints

Business Travel

Flight Centre Makes a Dig at Bigger Rivals as it Takes Their Clients

With so much consolidation taking place, the group reckons its FCM Travel arm is now the only global alternative to the legacy travel management companies. They may disagree.

Flight Centre Makes a Dig at Bigger Rivals as it Takes Their Clients

News Blog

Corp Travel Agency CTM Finally Returns to Yearly Profit

Australia’s Corporate Travel Management has managed to convert the recovery in global business trips into a small profit, after more than two years of tough trading conditions. It was boosted in particular by winning large accounts off rival agencies, according to CEO Jamie Pherous, and three pandemic-era acquisitions, the most recent being 1000 Mile Travel…

News Blog

Airbnb House Party Tech Steers Some Guests Toward Hotels and Private Rooms

Life is often a series of tradeoffs, right? Such is the case for Airbnb, which is testing new anti-house party technology in the U.S. and Canada that would steer some potential guests barred from booking whole homes toward private rooms and hotel stays instead. Kevin Krejci A house party at an Airbnb rental in San…

Airlines

Israel’s El Al Hopeful of Oman Airspace Approval to Gain Shortcut to Asia

As well as savings from less fuel burn, the shorter route opens up destinations like Australia for the flag carrier.

Israel’s El Al Hopeful of Oman Airspace Approval to Gain Shortcut to Asia

News Blog

Australia Struggling to Balance Inbound Visitor Void With More Local Tourists

The number of Australians leaving for international trips has been more than 80 percent above the number of incoming visitors to the country. Reporting on Friday, The Australian (paywalled) said: Australian Bureau of Statistics data showed in May 420,110 people traveled abroad for a short-term trip, 81 percent more than the 231,480 short-term arrivals. The…

News Blog

Australia’s Alloggio Expands Short-Term Vacation Rental Network

Alloggio, a short-term rental property manager based in Australia, has invested $11 million ($16 million Australian) since its November initial public offering. The small company has acquired rights to manage properties and getting its own channel manager by acquiring Aabode.com, reported The Australian. The company is strengthening its position as one of the country's managers…

News Blog

Flight Centre Has Profits in Sight, Thanks to Higher Airline Fares

Australia’s Flight Centre Travel Group has finally turned a corner, and on Monday updated its 2022 fiscal year market guidance after seeing a “solid rebound” in travel demand. The Australian based travel giant now predicts it will report a “healthy” fourth-quarter profit, for the three months up to June 30, 2022, on an underlying earnings…

News Blog

Asia-Pacific Hotel Investment Volumes Rose to $7 Billion in First Half of 2022

Investment in the hotel sector in Asia Pacific continued to recover as investment volumes totaled $6.8 billion in the first six months of 2022, according to real estate brokerage firm JLL’s report. Capital deployment into the region’s hotels sector showed a return to pre-pandemic levels, registering a 12 percent increase compared to 2019. Countries in…