Tag: profitability

IATA forecast for global aviation in 2019 is not so good for reasons listed

Juergen T Steinmetz Juergen T Steinmetz- June 2, 2019 02:30

The 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

Airbus delivers first highly efficient A330neo to Delta Air Line

Juergen T Steinmetz Juergen T Steinmetz- May 24, 2019 09:07

Delta Air Lines took delivery of its first A330-900, one of 35 A330neos the Atlanta, Georgia-based airline has on order. With new fuel-efficient engines, aerodynamic improvements, and the advanced Airspace ... Read More

Choice Hotels announces new Regional Vice President of Franchise Services

Chief Assignment Editor Chief Assignment Editor- May 8, 2019 20:05

Choice Hotels International, Inc. announced Michelle Masters has joined the company as regional vice president of franchise services, Northeast region. In the role, Masters will lead the company's area directors, ... Read More

Lufthansa Supervisory Board appoints Executive Board member Thorsten Dirks for three more years

Chief Assignment Editor Chief Assignment Editor- May 6, 2019 15:32

In today’s meeting, the Supervisory Board of Deutsche Lufthansa AG decided ahead of schedule to extend the contract with Thorsten Dirks by three years until 30 April 2023. Dirks, 55, ... Read More

Safertourism.com: Tourism Security will be an issue in 2020

Juergen T Steinmetz Juergen T Steinmetz- May 5, 2019 22:14

The 26th Las Vegas International Tourism Safety and Security Conference in 27 years was concluded last week. Next year a whole new concept of tourism security conferences is in the ... Read More

Airbnb v. Hotels: Competing and benefiting in the sharing economy

Chief Assignment Editor Chief Assignment Editor- May 1, 2019 15:13

Researchers from the Tepper School of Business at Carnegie Mellon University published new research which sheds new light on the impact Airbnb and similar “sharing economy” companies are having on ... Read More

Avianca announces CEO retirement

Chief Assignment Editor Chief Assignment Editor- April 25, 2019 01:31

Avianca Holdings S.A. today announced that Hernán Rincón Lema has notified the Avianca Holdings Board of Directors that he plans to retire from the Company effective April 30, 2019 after ... Read More

California-based Surf Air eyes profitability in 2019

Chief Assignment Editor Chief Assignment Editor- April 17, 2019 20:03

A turbulent year for Surf Air has finally come to an end. Exciting recent updates have already resulted in massive improvements to its scheduled service and membership growth. A recent ... Read More

Antigua and Barbuda strengthens its partner relations for win-win solutions for the upcoming cruise season 2019/2020

editor editor- April 12, 2019 18:33

Antigua & Barbuda’s Tourism Delegation led by the Hon. H. Charles Fernandez held a series of meetings with the country’s critical cruise line Partners  at Seatrade Cruise Global, the cruise ... Read More

Aloft Kuala Lumpur has a new GM

Juergen T Steinmetz Juergen T Steinmetz- April 4, 2019 14:50

Aloft Kuala Lumpur Sentral welcomes Rubel Miah, as its newly appointed General Manager. Rubel joins the sassy 4-star Hotel with 15 years of experience in the hospitality industry with a ... Read More

Industry veteran named new exec at Starboard Cruise Services

editor editor- March 26, 2019 02:05

Starboard Cruise Services has announced the appointment of Brenda Yester Baty as Chief Commercial Officer (CCO). In this newly-created role, Ms. Baty will guide the company’s discipline for integration of ... Read More

Florida Space Coast Office of Tourism announces new Executive Director

Chief Assignment Editor Chief Assignment Editor- March 5, 2019 19:20

After an extensive search process, Brevard County has selected veteran Florida marketing executive Peter Cranis as its new head of tourism development. Following the confirmation of his appointment on Feb. ... Read More

Making air travel affordable and accessible to the common man

Anil Mathur - eTN India Anil Mathur - eTN India- March 1, 2019 02:16

Minister of Commerce & Industry and Civil Aviation, Mr. Suresh Prabhu, today advised state government to board the “Udan” regional connectivity scheme to give a fillip to intra-regional and inter-regional ... Read More

All Nippon Airways takes stake in Philippine Airlines

Chief Assignment Editor Chief Assignment Editor- February 23, 2019 18:20

Philippine Airlines (PAL) is planning further rapid expansion of its international operation over the next few months as it launches services to Hanoi, New Delhi and Phnom Penh and adds ... Read More

MGM Resorts International announces leadership changes

Chief Assignment Editor Chief Assignment Editor- February 22, 2019 21:07

MGM Resorts International today announced changes to its leadership team and a streamlining of responsibilities to empower leaders to drive the Company's strategic direction and implement change as part of ... Read More

IMEX Frankfurt Association Day centers on high value insights & inspiration

Chief Assignment Editor Chief Assignment Editor- February 14, 2019 16:30

“I’m always looking for support with innovation and Association Day provides the perfect opportunity to get new ideas.” Danielle Michel, Director of Corporate Program at the Airports Council International European ... Read More

Airbus reports strong Full-Year 2018 results, delivers on guidance

Dmytro Makarov Dmytro Makarov- February 14, 2019 07:02

Strong 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

A clear and present danger to American Airlines customers

Juergen T Steinmetz Juergen T Steinmetz- February 7, 2019 21:47

Getting on an American Airlines flight may not be the same for some passengers after reading a Letter by Doug Parker, CEO of American Airlines. In a letter for Mr. ... Read More

SeaWorld Entertainment, Inc. appoints new Chief Executive Officer

Chief Assignment Editor Chief Assignment Editor- February 6, 2019 22:15

SeaWorld Entertainment, Inc., a theme park and entertainment company, today announced that it has appointed Gustavo (Gus) Antorcha as Chief Executive Officer and member of the Board of Directors, effective ... Read More

Which brands rank high in travel loyalty?

editor editor- February 5, 2019 23:52

Consumer expectations increase annually on average by 25%. Which airlines, hotels, car rental companies, and credit card companies rank high on the loyalty scale? "Trust has become the connective tissue ... Read More

What is challenging the hotel industry this year?

editor editor- January 26, 2019 02:22

The increase in mobile traffic and the importance of metasearch engines, the emergence of voice searches and the need to respond to an always-connected user are the main hotel industry ... Read More

UK hotels: Second consecutive month of profit growth in November

Chief Assignment Editor Chief Assignment Editor- January 10, 2019 00:25

Building on October’s GOPPAR gains, UK hotels successfully produced a second consecutive month of profit growth in November, positioning hotels in the region to achieve another successful year of trading, ... Read More

MGM Resorts International launches new program to reduce costs, improve efficiencies

Chief Assignment Editor Chief Assignment Editor- January 5, 2019 18:14

MGM Resorts International today announced a plan to further reduce costs, improve efficiencies and position the Company for growth. The Company expects to deliver annualized Adjusted EBITDA uplift of $300 ... Read More

Xenia Hotels & Resorts sells Residence Inn Denver City Center

Chief Assignment Editor Chief Assignment Editor- December 20, 2018 18:08

Xenia Hotels & Resorts, Inc. today announced it has sold the 228-room Residence Inn Denver City Center in Denver, Colorado for a price of $92 million, or approximately $404,000 per ... Read More

Benchmark appoints new controller for Costa d’Este Beach Resort & Spa

Chief Assignment Editor Chief Assignment Editor- December 20, 2018 17:05

Benchmark has named Shaun Griffin controller for Costa d’Este Beach Resort & Spa. The Gemstone Collection property is located in Vero Beach, Florida. Chad Olson, BENCHMARK’s general manager at the ... Read More

Travel stylishly: Jewelry for the executive on the move

Dr. Elinor Garely - special to eTN Dr. Elinor Garely - special to eTN- December 15, 2018 20:04

Recognizing and acknowledging a new reality, jewelry designers are incorporating the active lifestyle of travel into their jewelry. Read More

Wynn Resorts announces changes to executive team

Chief Assignment Editor Chief Assignment Editor- December 15, 2018 01:20

Wynn Resorts Limited today announced several changes to its senior executive team, including the return of experienced resort executive Marilyn Spiegel as the President of Wynn Las Vegas. Ms. Spiegel ... Read More

IATA: Airlines heading for a decade in the black

Chief Assignment Editor Chief Assignment Editor- December 12, 2018 06:30

The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 ... Read More

Italian Exhibition Group strengthens its growth with €111.8 million in revenue

Chief Assignment Editor Chief Assignment Editor- December 7, 2018 06:03

At the press conference today, Italian Exhibition Group (IEG) communicated its results as at 30th September 2018. The figures, regarding the Group’s consolidated financial statement, show a total revenue of ... Read More

H.I.S. reports full year results

editor editor- December 9, 2016 21:20

H.I.S. Co., Ltd., a leading travel and airline ticket agency, has announced results for the full year ended October 31, 2016. Read More

PATA Summit in Guam features Seychelles Tourism Minister as lead speaker

editor editor- April 6, 2016 06:48

BANGKOK, Thailand – “This year marks the 65th anniversary of PATA and it is entirely appropriate that we are returning to our Pacific roots to celebrate this historic occasion,” said ... Read More

WestJet earnings soar 33 percent

editor editor- May 9, 2013 08:47

CALGARY, Canada - WestJet today announced its first quarter results for 2013. Read More

Southwest Airlines reports increase in annual profits

editor editor- January 30, 2013 10:42

DALLAS, Texas - Southwest Airlines Co. today reported its fourth quarter and full year 2012 results. Read More

A4A calls for national airline policy to boost global competitiveness

editor editor- July 19, 2012 05:03

WASHINGTON, D.C. - Airlines for America (A4A) today called on the Senate to support a National Airline Policy in order to keep U.S. Read More

India’s hotel industry back in the black

editor editor- May 30, 2011 04:32

NEW DELHI, India - Just a year ago, Anju Bali, a travel and tour operator in New Delhi, was being chased by hotel executives with discounts and freebies and even ... Read More

Royal Caribbean reports a 55 percent increase in Q3 earnings

editor editor- October 27, 2010 05:14

MIAMI - Royal Caribbean Cruises Ltd. today announced a 55% year-over-year increase in third quarter earnings, provided higher earnings guidance for full year 2010 and commented on 2011. Read More