EyeforTravel News: Tour Operators Feed

Cox & Kings to acquire Australia's Tempo Holidays

Lindi — Tue, 08 Jul 2008 07:49:29 +0100

According to The Economic Times, the deal, to be inked shortly, will be Cox & Kings' second acquisition after UK's ETN, a destination management services operator, which it bought in 2006.

Cox & Kings MD Peter Kerkar said, "The excellent base created by Tempo will allow us a platform to consolidate and enhance our product offering worldwide."

Upon completion of sale, ownership of Tempo Holidays will move to Cox & Kings (Australia), an entity controlled by the Indian company, and will retain the Tempo brand name.

Thomas Cook first-half pro forma loss narrows

Lindi — Wed, 25 Jun 2008 07:38:54 +0100

Revenues lifted 7.5 percent to 2.96 billion pounds and the group declared a 3.25 pence per share interim dividend against nil last year.

The company said it was on track to hit its £480 million operating profit target for the financial year 2009 to 2010.

Thomas Cook shared it had 19% fewer holidays to sell in the UK than at this time last year.

Tui Travel signs $526m sale and leaseback deal

Lindi — Tue, 24 Jun 2008 07:51:54 +0100

AerCap have secured external facilities to finance this transaction, which will be fully satisfied by cash.

The transaction enables the Group to further increase the flexibility of its business model while securing continued access to a modern and fuel-efficient aircraft such as the Boeing 737-800 NG. The Group will use the disposal proceeds to pay down existing debt.

Tui stated: "The Group will continue to operate all 19 aircraft on operating leases with one to seven year

Thomas Cook marks £112m for two acquisitions

Lindi — Tue, 10 Jun 2008 08:12:15 +0100

Both the deals are subject to relevant regulatory approval before they can be completed.

Manny Fontenla-Novoa, Thomas Cook group chief executive, said: "We see great opportunities in Jet Tours, which would be a strong fit with our existing proposition in France and would provide us with a platform for significant future growth in this important market."

Tui opts for Alun Williams as Director of e-commerce

Lindi — Tue, 20 May 2008 08:20:44 +0100

Williams, who will report to operations director David Burling, will also be responsible for online marketing, partnerships and content production, and will be in charge of new appointments.

As part of the restructure Nathan Timmins, former head of online marketing at Thomson, has been appointed head of online marketing and partnerships for TUI UK, his remit includes online marketing, partnerships and affiliates across all mainstream websites.

TUI narrows its first half loss

Lindi — Tue, 13 May 2008 09:15:19 +0100

The company highlighted that the strong result in the first half was primarily due to margin enhancement; synergies were in line with management expectations and contributed just £4m of the £71m improvement versus prior year; Mainstream sector: underlying operating loss significantly improved by £65m to £244m (H1 071: loss of £309m) driven by strong trading in the UK and Nordics, and a significant turnaround in France; Specialist sectors: underlying operating profit improved by £9.6m to £4.7m in the first half (H1 071: loss of £4.9m).

Kuoni Group chooses Peter Rothwell as its CEO

Lindi — Thu, 24 Apr 2008 12:03:09 +0100

Henning Boysen, Chairman of the Board of Directors at Kuoni, said Peter Rothwell is the very best among all the possible candidates that had been considered for the CEO position at Kuoni.

Rothwell, who has 26 years of experience in the tourism industry, stated that Kuoni is well positioned as upmarket specialist.

"To further advance Kuoni at the top of the market for premium and specialised travel for me is as much a logical as a fascinating challenge that I shall accept with great commitment," he said.

TUI's underlying loss before tax reduced by 51% to £60m

Lindi — Wed, 19 Mar 2008 06:34:33 +0000

Peter Long, Chief Executive Officer of TUI Travel, stated that the integration of UK Mainstream brands, Thomson and First Choice, and plans to deliver £150 million of synergies by 2010 are well on track.

Cox & Kings to target over-45s with online ads

admin — Mon, 18 Feb 2008 09:04:08 +0000

Blowfish Digital is working on the campaign for Cox & Kings. The campaign will focus on increasing brand awareness and driving online bookings. Also, the objective is to increase the number of brochure requests via the website and attract consumers to the operator's email bulletins.

Thomas Cook snaps up Hotels4U: media

admin — Thu, 14 Feb 2008 10:10:39 +0000

Hotels4U.com supplies accommodation to the British travel industry and acts as an online booking agent for hotels, apartments and villas. features more than 30,000 properties and provides accommodation and resort transfers for more than 500,000 customers a year.

Thomas Cook said the deal boosted its position in the independent travel sector, while it also strengthened its mainstream business.

As per the information available, managing director Haim Perry, who founded Hotels4U, will remain with the business having agreed to reinvest some of the sale proceeds.