EyeforTravel News: Tour Operators
Kuoni Group chooses Peter Rothwell as its CEO
Published: 24 Apr 2008 (0 comments)
Peter Rothwell has been appointed as CEO, Kuoni starting 1 January 2009. Until the end of 2007, he served as the Deputy Chief Executive of TUI Travel Ltd. and as a Member of the Board of Directors at TUI AG.
TUI's underlying loss before tax reduced by 51% to £60m
Published: 19 Mar 2008 (0 comments)
TUI Travel Plc has made a strong start to the year, with a £73m improvement in underlying operating loss (Q1 08 loss of £41m; Q1 07 loss of £114m).
Cox & Kings to target over-45s with online ads
Published: 18 Feb 2008 (0 comments)
Cox & Kings is to introduce an online campaign featuring niche online channels to target the over-45s.
Thomas Cook snaps up Hotels4U: media
Published: 14 Feb 2008 (0 comments)
Thomas Cook has reportedly snapped up a hotel booking website Hotels4U.com in a deal worth £21.8 million.
Tracking consumers online discussions real-time
Published: 05 Feb 2008 (1 comments)
Collette Vacations has selected Radian6 to track the online buzz around consumers' travel plans and experiences of the destinations they serve.
Summer vacation bookings unhurt by slower consumer spending
Published: 05 Feb 2008 (0 comments)
Thomas Cook has indicated that demand for both winter and summer holidays was exceeding supply in current trading.
Travelzest posts record operating profits
Published: 15 Jan 2008 (0 comments)
The group shared that its total transaction value grew 285% from £44.1 million to £169.9 million. Turnover has more than doubled from £19.2 million to £38.5 million, gross profit has grown 184% to £20.6 million and underlying profit for the year before tax, goodwill amortisation and the impact of FRS20 (Share based payments) has increased by 256% from £0.9 million to £3.2 million.
Kuoni and CEO Armin Meier part ways
Published: 17 Dec 2007 (0 comments)
"The background of this decision is the divergent opinion on the leadership and execution of the Group's continuing transformation, instituted in May 2007. At no point has the overall strategy been subject of these divergences," stated the company. "During the past three years, the Group successfully realised its growth strategy in the premium and specialist travel market through internal growth achievements, as well as a number of acquisitions in Europe and emerging markets."
Transat's profit declines in 4Q, posts record net income in full-year
Published: 17 Dec 2007 (0 comments)
Earnings for the quarter ended October 31 amounted to 23 cents a share, compared with 39 cents per share a year ago, shared the Montreal-based company. Excluding the impact of certain non-cash, non-operating items, net income would have been $10.4 million or 31 cents per share.
TUI Travel operating profit up 5% YoY
Published: 14 Dec 2007 (0 comments)
It was shared that the Specialist sectors' pro forma underlying operating profit increased by £34m (up 36%) to £129m (2006: £95m). Also, acquisitions of niche specialist businesses with a maximum consideration of £227m were made during the year (£151m cash paid during the year) with the acquisition pipeline remaining strong.
