Tag: profitability
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
Airbus delivers first highly efficient A330neo to Delta Air Line
Juergen T Steinmetz- May 24, 2019 09:07Delta 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- May 8, 2019 20:05Choice 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- May 6, 2019 15:32In 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- May 5, 2019 22:14The 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- May 1, 2019 15:13Researchers 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- April 25, 2019 01:31Avianca 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- April 17, 2019 20:03A 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- April 12, 2019 18:33Antigua & 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- April 4, 2019 14:50Aloft 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- March 26, 2019 02:05Starboard 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- March 5, 2019 19:20After 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- March 1, 2019 02:16Minister 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- February 23, 2019 18:20Philippine 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- February 22, 2019 21:07MGM 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- 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- 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
A clear and present danger to American Airlines customers
Juergen T Steinmetz- February 7, 2019 21:47Getting 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- February 6, 2019 22:15SeaWorld 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- February 5, 2019 23:52Consumer 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- January 26, 2019 02:22The 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- January 10, 2019 00:25Building 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- January 5, 2019 18:14MGM 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- December 20, 2018 18:08Xenia 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- December 20, 2018 17:05Benchmark 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- December 15, 2018 20:04Recognizing 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- December 15, 2018 01:20Wynn 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- December 12, 2018 06:30The 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- December 7, 2018 06:03At 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- December 9, 2016 21:20H.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- April 6, 2016 06:48BANGKOK, 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- May 9, 2013 08:47CALGARY, Canada - WestJet today announced its first quarter results for 2013. Read More
Southwest Airlines reports increase in annual profits
editor- January 30, 2013 10:42DALLAS, 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- July 19, 2012 05:03WASHINGTON, 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- May 30, 2011 04:32NEW 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- October 27, 2010 05:14MIAMI - 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