Headlines
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CTM steadies its shares
Thursday | Nov 8 2018CORPORATE Travel Management has reiterated that no substantial new issues have been raised by hedge fund VGI in a supplementary report issued earlier this week, with the company’s shares surging almost 10% after the ASX opened today.
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GMTC launches into luxury
Thursday | Nov 8 2018SPECIALIST wholesaler Greece and Mediterranean Travel Centre last night formally debuted a new “Luxury Greece Collection” brand, targeting the increasing demand from upmarket Australian travellers for Greek island holidays.
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Cruising growth softens
Thursday | Nov 8 2018AUSTRALIA’S travel agents continue to enjoy healthy sales in the cruise sector, but have revealed a marked slump in growth in this year’s Travel Daily/Cruise Weekly cruise survey.
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Banyan Tree for Lindeman
Wednesday | Nov 7 2018BANYAN Tree has been selected as the operator of three new resorts which are set to be developed on Lindeman Island in the Whitsundays.
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NZ targets quality tourism
Wednesday | Nov 7 2018A newly released draft tourism strategy for New Zealand has outlined the Government’s aim of enriching the country through sustainable tourism growth.
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VA CEO recruitment update
Wednesday | Nov 7 2018VIRGIN Australia Chairman Elizabeth Bryan today confirmed the ongoing search for the airline’s new CEO was proceeding, saying she had been “pleased with the high level of interest from quality candidates both domestically and internationally”.
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Carnival launches in China
Wednesday | Nov 7 2018CARNIVAL Corporation’s cruise joint venture with China State Shipbuilding Corporation (CSSC) launched this week under the name CSSC Carnival Cruise Shipping Limited.
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New ownership for Bestjet
Tuesday | Nov 6 2018ONLINE travel agency Bestjet has been 100% purchased by the McVicker Investment Group (TD breaking news), with the new owners confirming the family of founder Rachel James will no longer have a stake in the firm.
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China Eastern NSW deal
Tuesday | Nov 6 2018THE NSW Government has announced a new Memorandum of Understanding with China Eastern Airlines, as part of an ongoing strategy to boost inbound visitation from the burgeoning Chinese market.
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Backing for visa changes
Tuesday | Nov 6 2018THE tourism industry has welcomed planned changes to the working holiday visa scheme, saying the measures will help reinstate Australia’s standing as a backpacker destination.