Headlines
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CTM lifts TTV by 31%
Wednesday | Feb 20 2019CORPORATE Travel Management (CTM) has continued its strong financial performance, reporting a 31% lift in its Total Transaction Value (TTV) for the six months to Dec 2018, recorded at $2.95 billion (TD breaking news).
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Aussie travel growing: ABS
Wednesday | Feb 20 2019AUSTRALIA saw 42.1 million movements across its international border in 2018, according to the latest figures from the ABS.
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Crown’s mixed results
Wednesday | Feb 20 2019CROWN Resorts Limited has reported mixed results for the half year ending 31 Dec 2018, with Executive Chairman John Alexander calling the outcome a reflection of trading conditions.
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Sabre appoints OTA head
Wednesday | Feb 20 2019SABRE Corporation has announced the appointment of Sean McDonald to the role of Vice President, Online Travel for its Travel Network business.
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HLO hits the headlines
Tuesday | Feb 19 2019HELLOWORLD Travel has been embroiled in a political controversy today, after revelations the company paid for a family holiday in Singapore taken by Federal Finance Minister, Senator Mathias Cormann.
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BW acquires WorldHotels
Tuesday | Feb 19 2019BEST Western Hotels & Resorts today announced the acquisition of the WorldHotels collection of independent properties, with the deal said to enhance the Best Western portfolio to include the “upper-upscale and luxury segments” of the market.
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Biz events inject $187m
Tuesday | Feb 19 2019BUSINESS Events Australia has announced that the total economic value of events secured by Tourism Australia’s (TA) Business Events Bid Fund (BFP) almost doubled in the past three months to reach a new milestone of $187 million.
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SeaLink H1 profit up 15%
Tuesday | Feb 19 2019SEALINK Travel Group today cited “subdued trading conditions in the tourism sector” as it reported its results for the six months to 31 Dec, with a $13m net profit after tax, up 15%.
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Helloworld lifts TTV 6.1%
Monday | Feb 18 2019HELLOWORLD’S 2017/18 first half results released today (TD breaking news) reflect the spate of acquisitions the firm made last year, with Total Transaction Value (TTV) up 6.1% to $3.2 billion.
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Bestjet creditors mount
Monday | Feb 18 2019THE liquidators of collapsed online travel agent Bestjet have revealed a significant number of claims relating to “damages” on top of actual chargebacks for tickets not received, with total debts of the company potentially worth over $24 million.