Today's podcast looks at a probe into U.S. airlines loyalty programs, a $40 million acquisition of Thomas Cook, and a step toward owning fewer properties for Hyatt.
For eSky, Thomas Cook's storied brand offers a shortcut to recognition in Western Europe. Or at least that's the wager of eSky's new private equity backer MCI Capital. As for Fosun, what will it sell next? Club Med?
Once again, the Indian Union Budget left the tourism industry high and dry, ignoring all their key demands. With their hopes for infrastructure status and tax rates dashed, the industry had to content itself with the crumbs of small mercies.
Peden Doma Bhutia and Bulbul Dhawan | 5 months ago
Air India's decision to introduce more than 400 additional weekly flights this winter is intended to meet the growing demand for air travel. The move would hopefully also help keep airfares in check.
Kuoni died, and now Thomas Cook, even though the jury is out if it's just the UK business or continental Europe or the Nordic operations as well. Thomas Cook's tour operating market in its glory days practically made Asia tourism, so many across the region are mourning this loss, reconciling themselves with the fact that nothing lasts forever.
Peter Fankhauser needs to act speedily to bolster Thomas Cook Group's resilience in the face of tumult in the packaged holiday segment. But the CEO is persuasive in arguing that he has a winning plan that's begun to show results.
Japan turned out to be the lifeboat for Thomas Cook China when Thailand turned disastrous, as the tour operator appears to be sailing away blithely with four new initiatives to scale up its China market.