Tag: earnings
World unites to fight against cable car on Mount Kilimanjaro
Adam Ihucha - eTN Tanzania- June 11, 2019 18:25Thousands of people across the globe have come together protesting against the potential building of a controversial cable car on Mount Kilimanjaro, a World’s Heritage Site. In March 2019 Tanzania’s ... Read More
Royal Caribbean: Cuba travel policy change ‘impacts our guests, operations and earnings’
Chief Assignment Editor- June 7, 2019 00:15Royal Caribbean Cruises Ltd today noted the U.S. government's policy change on travel to Cuba and provided a range for its financial impact. On June 4, 2019, the U.S. government ... Read More
Sonesta Hotels announces its new credit card
Dmytro Makarov- June 4, 2019 19:09Sonesta International Hotels Corporation launched the new Sonesta World Mastercard® to reward loyal guests and Sonesta Travel Pass members in the United States. Offered in partnership with Bank of America, ... Read More
IATA forecast for global aviation in 2019 is not so good for reasons listed
Juergen T Steinmetz- June 2, 2019 02:30The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecasts in December ... Read More
Ambassador Mangu creates synergies between Rwandan and Tanzanian tourism players
Adam Ihucha - eTN Tanzania- May 28, 2019 20:02Tanzanian ambassador to Rwanda, Ernest Mangu, is engaging tour operators from both countries to create synergies, in his latest efforts to pursue an economic diplomacy. The scope of economic diplomacy ... Read More
Fraport AGM: Well Positioned for the Future, Nationally and Internationally
Juergen T Steinmetz- May 28, 2019 08:01Fraport AG's executive board chairman, Dr. Stefan Schulte, struck a positive note at the company's Annual General Meeting (AGM) today: "We can look back on a very successful 2018. Supported ... Read More
No iPhone, no KFC, no Disneyland: Chinese firm bans workers from buying US goods, travel to USA
Chief Assignment Editor- May 23, 2019 17:30As the US-China trade dispute gets uglier by the day some Chinese corporations seem intent to respond to Washington pressure by fair means or foul. The Jinggang Motor Vehicle Inspection ... Read More
Thomas Cook Failure: Who to trust and how to communicate
Andrew J. Wood - eTN Thailand- May 20, 2019 04:26Thomas Cooks shares are effectively worth nothing right now. Thousands of British tourists looking forward to their holidays are not sure if they are really traveling anywhere. On Sunday the ... Read More
Tanzanian tour operators plan to turn Dar Es Salaam into Paris of East Africa
Adam Ihucha - eTN Tanzania- May 14, 2019 20:15Tanzania Tanzanian tour operators are mulling over the idea of turning the country’s commercial center of Dar Es Salaam into a ‘tourism paradise’, a copycat of Paris, in their bid ... Read More
New Artisan Village part of Tourism Inclusive Growth Strategy
editor- May 10, 2019 21:15Jamaia Minister of Tourism, Hon. Edmund Bartlett, says the artisan village being constructed at Hampden Wharf in Trelawny forms part of the overall inclusive growth strategy to increase earnings among ... Read More
FRAPORT: Revenue and earnings increase – Outlook confirmed
Juergen T Steinmetz- May 8, 2019 08:02The Fraport Group has successfully started off the new business year, achieving higher revenue and earnings in the first three months of 2019. Supported by solid passenger growth at Frankfurt ... Read More
Reimagining Tourism through Human Capital Development
Chief Assignment Editor- May 6, 2019 19:15“Reimagining Tourism through Human Capital Development” written by Jamaica's Minister of Tourism, Hon. Edmund Bartlett. Around the world today tourism processes, tools, structures, systems and actors are being radically reviewed, ... Read More
Hotel room boom sparks investments
editor- May 1, 2019 20:35Jamaica is being prepared for a boom in hotel rooms over the next five years. It is expected that 12,000 new rooms will be added to existing room stock over ... Read More
Tanzania government sticks to its fists over privatized state hotels
Apolinari Tairo - eTN Tanzania- April 30, 2019 20:58The Tanzania government once again warned investors over a possible re-possession of poorly-performing hotels and lodges in northern Tanzania wildlife parks after owners failed to provide quality services and a ... Read More
Boeing scraps 2019 financial forecast, halts share buybacks in wake of 737 MAX disaster
Chief Assignment Editor- April 24, 2019 20:05World’s biggest aerospace corporation was forced to pull its full financial forecast for the current year due to unresolved issues surrounding Boeing’s once best-selling 737 MAX aircraft. Boeing also announced ... Read More
A new Tourism potential in Tanzania: The Southern Circuit
Adam Ihucha - eTN Tanzania- April 21, 2019 21:39A new Tourism potential is about to be unlocked In Tanzania. All roads and international air routes will in the near future, be leading to the Southern circuit, as the ... Read More
Bartlett commits J$300 million to strengthen Jamaica’s Community Tourism
Chief Assignment Editor- April 11, 2019 22:41Community Tourism island wide, will receive a major boost following the commitment of approximately J$300 million by Minister of Tourism, Hon. Edmund Bartlett. The money will be disbursed to sixty ... Read More
NY Visit: Creative approaches to traditional spaces
Dr. Elinor Garely - special to eTN- March 30, 2019 21:23Architectural Digest Home Design Show Delivers 40,000 people (approximately) attended the AD Home Design Show earlier this month. Architects, interior designers, retailers and wholesalers, students and journalists, artists and gallery ... Read More
Munich Airport reports 2018 net profit of 150 million euros
Chief Assignment Editor- March 20, 2019 16:01Munich Airport reported a successful 2018 operating year at its annual press conference in Munich today: The 3.8 percent increase in traffic to a total of 46.3 million passengers flying ... Read More
Allegiant Airlines’ ancillary revenue initiatives among most innovative in the world
Chief Assignment Editor- March 19, 2019 16:38Allegiant is based in Las Vegas, but it has never relied upon the notion of “luck” as part of its business strategy. The airline was born in 1997 and immediately ... Read More
Fraport 2018 Fiscal Year: Revenue and Earnings Increase Significantly
Juergen T Steinmetz- March 19, 2019 08:10Boards propose dividend increase to EUR2 - Outlook remains positive In the 2018 fiscal year (ending December 31), Fraport AG continued on its growth path, achieving new records in revenue ... Read More
WestJet suspends 2019 financial guidance over Boeing 737 MAX grounding
Chief Assignment Editor- March 18, 2019 19:23Today WestJet announced that following Transport Canada's safety notice closing Canadian airspace to Boeing 737 MAX aircraft until further notice, the Federal Aviation Administration's temporary grounding order and Boeing's decision ... Read More
Jamaica Tourism Minister lauds Tourism Service Excellence finalists
editor- March 15, 2019 23:57Jamaica Tourism Minister Hon. Edmund Bartlett has lauded the contribution of the finalists who will vie for the coveted award of national champions in the Tourism Service Excellence Awards (TSEA) ... Read More
Air Canada suspends 2019 Financial Guidance over Boeing 737 MAX grounding
Chief Assignment Editor- March 15, 2019 17:13Air Canada announced today that, following Transport Canada's safety notice closing Canadian airspace to Boeing 737 MAX aircraft until further notice, the Federal Aviation Administration's temporary grounding order and Boeing's ... Read More
1 million visitors and US$800 million earned in 9 weeks
editor- March 12, 2019 20:15With visitor arrivals for the first nine weeks of this year exceeding one million and Jamaica being the first Caribbean destination to achieve this result, Minister of Tourism, Hon. Edmund ... Read More
Ebix offers to buy India’s largest corporate travel exchange
Chief Assignment Editor- March 11, 2019 19:05Ebix, Inc. today announced that it has sent a letter to the Board of Yatra Online, Inc., outlining its offer to acquire 100% of the outstanding stock of Yatra Online ... Read More
Jamaica is PATWA’s Destination of the Year
Chief Assignment Editor- March 7, 2019 20:05Jamaica was today presented with the Pacific Area Travel Writers Association’s (PATWA) International Travel Award for Destination of the Year, in Berlin, Germany. Speaking at the ceremony, Tourism Minister Hon. ... Read More
Onyx CenterSource Launches Breakthrough Hospitality Business Insights Platform
editor- March 4, 2019 21:45Onyx CenterSource today introduced a full suite of analytic data services designed to assist its clients across the industry in boosting earnings by optimizing their distribution strategies. Onyx’s new analytic ... Read More
Bartlett calling on Banks to establish Portfolio for Tourism
editor- March 4, 2019 20:57Jamaica Tourism Minister, Hon Edmund Bartlett is urging banks to invest more in the sector’s value chain by establishing portfolios geared towards Tourism. This Minister Bartlett highlighted, will provide more ... Read More
Jamaica’s Cruise Tourism earns J$22.6 billion
Chief Assignment Editor- February 28, 2019 18:21Preliminary data from the Statistical Institute of Jamaica shows that cruise tourism has seen an almost 300% increase in earnings over the last ten years. In 2008, the sector earned ... Read More
Bank of Tanzania: Tourism main source of country’s foreign exchange receipts
Chief Assignment Editor- February 16, 2019 17:20According to the Bank of Tanzania Monthly Economic Review report, tourism industry was the main source of foreign exchange receipts by Tanzania in 2018. In the MER report for the ... Read More
Airbus reports strong Full-Year 2018 results, delivers on guidance
Dmytro Makarov- February 14, 2019 07:02Strong 2018 performance, guidance delivered Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion EBIT (reported) € 5.0 billion; ... Read More
First UNWTO/ICAO Ministerial Conference on Tourism and Air Transport in Africa
Alain St.Ange- February 12, 2019 01:15As recalled in the Joint Statement on Aviation and Tourism: Hand in Hand for Sustainability, signed on March 18, 2013, and in the Medellín Statement on Tourism and Air Transport ... Read More
Seychelles Tourism departments conveys peers and other stakeholders to the first 2019 multi-sectoral meeting
Juergen T Steinmetz- February 11, 2019 06:30High officials representing various agencies, members of the tourism-trade and other stakeholders met again on February 1, 2019, three-months following their last assembly in October 2018. The first multi-sectoral meeting ... Read More
Permanent Secretary to lead team to re-image Negril
editor- February 8, 2019 21:40Jamaica Tourism Minister, Hon. Edmund Bartlett, has appointed Permanent Secretary in the Ministry of Tourism, Mrs. Jennifer Griffith, to lead a team designated to re-image the tourist destination of Negril. ... Read More
Air Canada and Chorus Aviation finalize purchase agreement for Jazz Aviation
Chief Assignment Editor- February 4, 2019 19:10Air Canada and Chorus Aviation Inc., parent company of Jazz Aviation LP, today confirmed that all conditions have been met and the previously announced amendment and extension of the Capacity ... Read More