Articles tagged “europe”

Imperiled Thomas Cook in Talks to Sell Nordics Division

Imperiled Thomas Cook in Talks to Sell Nordics Division

Patrick Whyte, Skift

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 have left if and when it sells its airlines and Nordics divisions?

2 days ago

Niki Lauda’s Lasting Aviation Legacy

Niki Lauda’s Lasting Aviation Legacy

Patrick Whyte, Skift

Niki Lauda may have been more famous as a Formula One racing driver, but he left a lasting impression on the European aviation industry.

3 days ago

Admiralty Arch Owner Seeks New Funding For London Luxury Hotel Project

Admiralty Arch Owner Seeks New Funding For London Luxury Hotel Project

Jack Sidders, Bloomberg

It sounds like the project is still on track but sensitive builds like this can sometimes take longer and cost more than originally expected.

4 days ago

Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers

Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers

Patrick Whyte, Skift

It looks like Ryanair is preparing itself for a major shakeup of the European airline industry. We've heard it talk about struggling competition before, but things are getting much tougher out there.

5 days ago

EasyJet Flies Toward Uncertain Summer of a European Slowdown

EasyJet Flies Toward Uncertain Summer of a European Slowdown

Patrick Whyte, Skift

It's not a great time to be running a European short-haul airline, but EasyJet is trying to make the best of it. While growing its holiday and business travel offerings is probably a smart move, it's difficult to see them making much of a difference if the economic climate keeps getting worse.

1 week ago

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

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

Patrick Whyte, Skift

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 and use some breathing space to shore things up.

1 week ago

European Rail Booking Site Trainline Looks at Being Next Big Travel IPO

European Rail Booking Site Trainline Looks at Being Next Big Travel IPO

Patrick Whyte, Skift

With consumers much more aware of the damaging environmental impact of air travel, other forms of transport are having a moment. It might be a good time for Trainline's private equity owners to sell up.

1 week ago

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

Patrick Whyte, Skift

TUI's global plans are ambitious and bring it into direct competition with strong local online players, but as the CEO said, it only needs a relatively small number of customers to fulfill its needs.

1 week ago

India’s Low-Cost IndiGo Sets Its Long-Haul Sights on Europe

India’s Low-Cost IndiGo Sets Its Long-Haul Sights on Europe

Anurag Kotoky , Bloomberg

Despite the well-documented challenges, airline bosses won't give up on the low-cost, long-haul dream. Will IndiGo be able to pull it off?

1 week ago

Consolidation Sweeps European Short-Term Rental Managers With Altido Launch

Consolidation Sweeps European Short-Term Rental Managers With Altido Launch

Sean O'Neill, Skift

As external capital pours into the vacation rental sector, it makes sense that some property management companies believe they need to merge to thrive. It's also notable that Marriott has already begun working with some of Altido's properties for its new homesharing effort.

2 weeks ago

An Accor Deal for Oyo Rival Treebo Could Give It a Brand Foothold in Europe

An Accor Deal for Oyo Rival Treebo Could Give It a Brand Foothold in Europe

Patrick Whyte, Skift

Accor is still seemingly on the hunt for acquisitions, and this one is pretty eye-catching. Treebo and its rival Oyo have disrupted the Indian hotel market, and now it looks like they will do the same in Europe and elsewhere.

2 weeks ago

Europe’s Tourism Boom Is Slowing Down

Europe’s Tourism Boom Is Slowing Down

Patrick Whyte, Skift

Europe's pace of growth looks like it will take a step back this year. Hopefully this will coincide with a continent-wide reassessment of how it can better manage tourism.

2 weeks ago