PriceTravel Holding, a leading player in the Latin American travel industry, has been accepted into the Hotel Electronic Distribution Association (HEDNA). This significant milestone underscores the company’s dedication to enhancing efficiency and scalability while solidifying its foothold in the hotel sector.
RX UK, a leading event organizer, has appointed Jonathan Heastie as the new Portfolio Director for its Travel sector. In this role, Heastie will be responsible for driving strategic growth and innovation across RX UK’s travel brands, including World Travel Market (WTM) and Arabian Travel Market (ATM). With over three decades of experience in the media industry, Heastie brings a wealth of knowledge and expertise to the role. He has successfully managed international events, including exhibitions, conferences, and award ceremonies, spanning various industries. Heastie succeeds Vasyl Zhygalo, who will now focus on his responsibilities as Managing Director for RX in the Middle East and Emerging Markets.
The scenic landscapes and captivating vistas of the Lake District have earned it the distinction of being the most Instagrammable national park in the United Kingdom. A recent study conducted by Tripplo revealed that the park has accumulated a substantial number of Instagram tags, surpassing all other recognized national parks in the country. This accolade reflects the region’s stunning natural beauty, which has captivated travelers and social media enthusiasts alike.
Cargojet has announced its financial results for the first quarter of 2024, reporting a slight decline in total revenue but an increase in several key financial metrics. Total revenue for the quarter amounted to $231.2 million, just below the $231.9 million recorded in the same period last year. Revenue from domestic operations, ACMI, and All-in Charter collectively grew to $181.0 million compared to $169.9 million in Q1 2023. Adjusted EBITDA for the quarter improved from $75.0 million in 2023 to $78.4 million this year. Net earnings excluding warrant valuation and contract asset amortization reached $20.8 million, a substantial increase from $9.8 million in 2023. Cash flow has also improved significantly, with Free Cash Flow surging to $168.7 million in the three-month period ended March 31, 2024, compared to $15.2 million in the same period last year. Co-Chief Executive Officers Jamie Porteous and Pauline Dhillon highlighted the company’s focus on efficiency, cost reduction, and customer satisfaction as key drivers of these positive financial outcomes. They expressed cautious optimism about the future, acknowledging geopolitical uncertainties and potential supply chain disruptions.
Hong Kong’s tourism industry is facing significant hurdles in its post-COVID-19 recovery, as neighboring regions have outpaced its recovery and the city sees a net outflow of travelers. This trend could hinder the city’s economic growth as local businesses, particularly in retail and hospitality, rely heavily on tourism revenue. The Tourism Board has reported a sharp decline in visitor arrivals, particularly from mainland China, which has shifted to alternative destinations with lower costs and a wider range of activities.
Target Hospitality Corp. has formed a Special Committee to assess an unsolicited acquisition proposal from Arrow Holdings S.à r.l., an affiliate of TDR Capital LLP. The proposal offers $10.80 per share in cash for all outstanding shares of Target Hospitality not owned by the Arrow Group. The Special Committee will consider alternative offers and strategic options for the company.
Shiji, a global leader in hospitality technology, has partnered with Melco Resorts & Entertainment (Melco) to implement Shiji Enterprise Platform PMS across their global resort portfolio. With properties in Asia and Europe, Melco is dedicated to providing exceptional luxury gaming and hospitality experiences. Shiji’s PMS was selected for its ability to centralize guest data, enhance the guest experience, and provide robust security measures. Melco’s existing partnership with Shiji in implementing Infrasys Cloud POS and Shiji Payment Solution influenced their decision to select Shiji’s PMS. The collaboration marks Shiji Enterprise Platform PMS as the ideal solution for the global luxury hospitality sector.
airBaltic, Latvia’s national airline, has launched new direct flights between Tampere, Finland, and Palma de Mallorca, Spain, offering travelers convenient and affordable access to the popular holiday destination. The twice-weekly flights, operating every Monday and Friday from today through October, provide a gateway to the Balearic Islands’ stunning beaches, vibrant culture, and rich history. Economy Class fares start from EUR 129, while Business Class fares begin at EUR 359. airBaltic offers both Economy and Business Class on all its flights, with Business Class featuring a comprehensive service package that includes priority check-in and boarding, dedicated seats for extra privacy, gourmet meals, unlimited drinks, and expedited disembarking.
Capital A Berhad, the parent company of AirAsia, has released its operational data for the first quarter of fiscal year 2024. The company’s key divisions, including aviation, digital, logistics, and aviation services, all showed strong performance, driving overall growth. AirAsia Aviation Group achieved a record quarterly load factor of 90%, while AirAsia MOVE, the company’s digital platform, maintained a strong user base exceeding 15 million Monthly Active Users (MAU). Teleport, the company’s logistics arm, performed well in its Cargo and Solutions segments. The overall transparency and disclosure of this operational data reflects Capital A Berhad’s commitment to accountability and allows stakeholders to make informed decisions about the company’s progress.
Kashmir’s key roads, including the Mughal road and Srinagar-Sonamarg-Gumri road, continue to be closed due to incessant rainfall, causing travel disruptions and a drop in temperatures. An avalanche warning has been issued for four districts, urging caution in avalanche-prone areas. The wet weather conditions are expected to persist over the next few days, with forecasts indicating overcast skies, intermittent rain and snow, and possible isolated heavy rainfall, thunderstorms, lightning, hail, and strong winds. The meteorological office recommends pausing agricultural activities until the end of April and warns of potential traffic interruptions over higher passes and possible waterlogging and landslides in low-lying areas.
