United Airlines reports $2.3bn profit for 2016
United Airlines has reported full-year net income of $2.3 billion, diluted earnings per share of $6.85, pre-tax earnings of $3.8 billion and pre-tax margin of 10.4 per cent. Excluding special items, UAL reported full-year net income of $2.9 billion, diluted earnings per share of $8.65, pre-tax earnings of $4.5 billion and pre-tax margin of 12.2 percent.
Finnair to fly direct from London to Lapland
Finnair has announced that it will start flying non-stop from the UK to Finnish Lapland. The new direct service will link London Gatwick and Ivalo twice a week from mid-December 2017 until the end of March 2018.
Unite strikes pay deal with Virgin Atlantic
Pay for thousands of Virgin Atlantic Airlines crew has taken off after constructive negotiations between Unite and Virgin delivered a pay deal worth more than double the current rate of inflation for thousands of cabin crew and significantly above inflation for on-board managers.
P&O partners with Virgin Atlantic for Caribbean cruise season
P&O Cruises is to charter flights with Virgin Atlantic for Adonia’s winter 2017/18 Caribbean fly-cruise programme. Flights will be available from Manchester and London Heathrow with Economy, Premium Economy and Upper Class seats available for the 14 and 28-night itineraries.
AccorHotels successfully places €600m bond offer
AccorHotels today successfully set the terms of a seven year bond issue for an amount of €600 million with an annual coupon of 1.25 per cent. AccorHotels took advantage of the favourable conditions on the credit market to optimise its average cost of funding and lengthen the average maturity of its debt.
HotelInvest valued at €6.6bn by Accor
As part of the process for the contemplated sale of a majority of HotelInvest – known as Booster project - AccorHotels has entered into discussions with potential investors. In this context, the group has disclosed the updated gross asset value of the Booster Portfolio as of December 31st.
Planning begins for Anantara Zanzibar Resort ahead of 2020 opening
Anantara Hotels, Resorts & Spas has announced the development of Anantara Zanzibar Resort, expected to open in 2020 as part of the Zanzibar Amber Resort mixed-use lifestyle community. Occupying in excess of 1,000 hectares of prime Indian Ocean coastline in the north east of Zanzibar, Zanzibar Amber Resort is an integrated project which is currently under development blending contemporary lifestyle aspirations with premium hospitality and world-class facilities.
Yeates to head leisure offering at Fairmont St Andrews
Fairmont St Andrews has promoted Amy Yeates to director of golf, spa and leisure. She has been director of golf since joining the resort in 2015 and the new role will see her responsible for the spa and leisure departments.
Bench Events to launch The Summit in June 2017
Industry leaders are preparing to meet at The Summit 2017, an event designed for hospitality and tourism insiders to be held on June 6th at the Grand Connaught Rooms in London. The event falls at an unprecedented time following Brexit and other industry-wide challenges and issues, and as such is expected to attract a much wider representation of the sector.
ITB Berlin 2017: Well prepared for turbulent times
At the ITB Berlin Convention one of the key up-to-the-minute topics will be ’Disruptive Travel: The End of the World as We Know It’. Leading international experts will show how tourism professionals are successfully taking on controversial issues and current challenges such as geopolitical crises, travel safety risks and the use of artificial intelligence.
Two new European Capitals of Culture for 2017
Aarhus and Pafos have taken up the title of European Capital of Culture for 2017. The cultural programme will officially begin on January 21st in Aarhus. The opening ceremony for Pafos 2017 will take place on January 28th, with Christos Stylianides, commissioner for humanitarian aid and crisis management, and Nicos Anastasiades, president of Cyprus in attendance.
ATM 2017: Travel technology driving innovation
Innovations in travel technology will continue to transform the tourism industry, with cloud passports, personalised travel, virtual reality and apps predicted to re-shape consumer habits and marketing strategies over the short to mid-term, according to a report by Colliers International. In its Tourism & Technology Trends report, produced ahead of Arabian Travel Market 2017, Colliers International named five trends driving the travel industry.