TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.
Capital One's travel investments are running the gamut, from Hopper and its discount-hungry travelers to Inspirato's jet-setters. Both will benefit the up-and-coming Capital One Travel.
Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments.
While India has much reason to cheer over UPI transactions in Paris, it must wait and watch to get more clarity on the cost of the transfer as the adoption accelerates.
India’s booming aviation market coupled with sustained economic growth have made global hospitality titans check into the country with a robust pipeline of hotels over the next five years.
Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held…
The UnTours Foundation is tired of all the talk and no action when it comes to making tourism sustainable. They hope their new $10 million fund will finally get the tourism industry in action mode. If the fund shows both impact and returns are possible, maybe the financial markets will take sustainable tourism more seriously as a business opportunity — a critical factor for industry-wide change.