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| Walt Disney Company has spectacular year |
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| Bob Iger | | Year of more than a million dreams!
The Walt Disney Company has reported a 33% rise in net profit to a record US $3.4 ($3.8) billion for the year ended 30 September. According to Bob Iger, president and chief executive, Disney had a spectacular year, posting record revenues, record net income and record cash flow. Iger said, "It is a result of the incredible creativity at our company." Overall revenues were up 7% year-on-year at US $34.3 ($38.8) bn and operating profit up 26% at US $6.5 ($7.3) bn. The company's parks and resorts division saw full year operating profit improve by 30% to US $1.5 ($1.7) bn on revenues 10% ahead at US $9.9 ($11.2) bn.
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| SUNQUEST ANNOUNCES NEW SERVICE FROM NB |
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Adds Canjet flights Moncton to Cancun
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| Andrew Dawson | | Sunquest has added new weekly service out of Moncton to Cancun to its Atlantic flying program this winter. The non-stop flights which begin on Friday February 2, 2007 and run through until May 18, 2007, will be operated by CanJet Airlines. "We are looking forward to working even closer with the travel agents and consumers in New Brunswick by offering vacations directly from that province," said Andrew Dawson, Sunquest president. "We are also pleased to be working together with CanJet and supporting a local Atlantic Canada airline."
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| Artistours blitzes the country |
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| Céline Dion | | Launches online interactive promotion
Artistours is blitzing the country with a glamourous, glitzy Vegas-style promotion that benefits travel agents and travellers. And why shouldn't it be Vegas-style - it involves the reigning Queen of Vegas - Céline Dion.According to Marc Vezina, director of sales and marketing for Artistours, the promotion is simple. The company has developed an interactive way for travel agents and their clients to each win a trip for two to Las Vegas. And, that's not all. Included are transfers, hotel accommodation and two show tickets to Céline Dion's A New Day.
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| REMINDER FROM NOLITOURS AND TRANSAT |
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All documents are electronic as of November 20
Nolitours and Transat Holidays have issued a reminder to travel agents that effective November 20, all travel documents will be issued as e-documents. This includes airline tickets, hotel confirmation, car rental, important notices, excursions, insurance, etc.The use of e-documents for travel documents and airline tickets offers many advantages over traditional paper documents. Not only is the issuance of e-documents a more environmentally friendly approach, it is faster and more efficient because they can be e-mailed to travel agents.
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| Libya gets back into tourism |
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Other countries negotiating for tourism infrastructure deals
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| Tripoli | | After 35 years of isolation, Libya is moving to develop a tourism business. The oil-rich country has established the Libyan Tourism Development Authority (LTDA) and introduced new laws to encourage international investment on its long Mediterranean coastline. Local investors are also being offered credit for tourism projects. Authorities have nominated 15 sites for potential joint-venture investors. British, Italian, Malaysian, Norwegian and Spanish companies are said to be already negotiating for tourism infrastructure deals.Some projects with foreign investment have already begun, including a major complex outside Tripoli, comprising 340-room deluxe hotel, apartments, conference centre, and marina.
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| UN survey says visitors skip "boring" Canada |
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But we got lots of exciting stuff, eh?
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| Brad Pitt in Toronto. Not everyone stays away! | | According to a United Nations survey more people around the world are travelling then ever before.but just not to Canada. The number of tourists travelling abroad is up 4.5 % worldwide year to year, but tourism to Canada is down 4.1 %. The reasons apparently are that Canada is regarded as unexciting, increasingly expensive and a difficult to enter. John Kester, chief of the WTO market intelligence department that produces the annual study, said there is an international perception that Canada is dull. Young people in search of adventure are driving the world tourism market and Canada's image is not creating much appeal according to Kester. Canada while viewed by many people as quiet and safe, is considered boring.
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