| |
|
Travel Hot News.com
is a member
of the principal international
press agencies
(CP, AFP, etc.) |
|
|
|
| |
|
 |
|
 |
|
|
| FLash | Cendant buying two London based travel services companies for US$1.1B
Cendant Corp., the world's largest hotel franchiser, said it has agreed to acquire London-based Gullivers Travel Associates and Octopus Travel Group Ltd. for about $1.1 billion US in cash. The company said Gullivers' shareholders may receive additional funds if the company's financial performance for 2005 exceeds current expectations. Cendant said the deal will add $230 million to $255 million to the company's 2005 total revenue, and be slightly dilutive to neutral to earnings for that year. In 2006, Gullivers is expected to contribute sive top six cents to full-year earnings, and $360 million to $395 million in revenue. |
|
|
|
| Ottawa 101 for Airport Execs |
| Raymon J. Kaduck |
The Canadian Airports Council Management Conference concluded with a lunch speech by Deputy Minister Louis Ranger on the topic of Ottawa 101: How to move an agenda forward effectively in a challenging political and fiscal environment. The top transportation civil servant eruditely described the pressures of transparency and consensus-building required in a minority government situation, federal cost-cutting initiatives. He also highlighted competing agendas in a government not guaranteed to produce more than one budget before it seeks, or is forced to seek, a new mandate.
[Full text]
|
|
| Don’t miss the Ball: RBC Insurance Can Help Protect Your Clients Before They Hit the Links |
|
Taking a golf vacation is a great way to explore the world and work on your game. In fact, every year, more and more golf enthusiasts look to their travel agents to plan vacations that focus on hitting the links with friends or family. According to the Conference Board of Canada nearly 1.6 million Canadians plan to take a golf vacation over the next three years, with over six hundred thousand buying a golf vacation package.
[Full text]
|
|
| Signature Vacations: ''Get Fit on Your Jan. Vacation'' |
|
Sunseekers looking to turn over a new fitness leaf – or battle a post festive-season bulge – need look no further than the Playa Costa Verde Resort in Holguin, Cuba. From January 15-20 a wide array of special fitness-oriented activities will be included at the resort, which is featured by Signature Vacations with departures from eight cities across Canada.
[Full text]
|
|
| Overseas travellers flocked to Canada in October |
| CP |
Travel to Canada from overseas countries jumped in October to the highest level in almost four years, says Statistics Canada. However, overall travel to Canada declined by 1.3 per cent as the number of U.S. visitors dropped 2.5 per cent to 2.9 million. Overseas visits were up by 8.8 per cent, as approximately 390,000 travellers came to Canada, the highest level since November 2000 when 405,000 made the trip, the agency said Thursday.
[Full text]
|
|
| What’s New this Winter with NETAIR |
|
Netair offers terrific fares for flights this winter aboard Air Canada from 19 Canadian cities to 82 countries worldwide including many European destinations: Amsterdam, Copenhagen, Frankfurt, Glasgow, London, Madrid, Manchester, Milan, Munich, Paris, Rome, Shannon/Dublin, Vienna and Zurich.
[Full text]
|
|
|
|
 |
| Gary Collins | GARY COLLINS TAKES CONTROL OF HARMONY AIRWAYS
CP
His seat behind the big desk in the B.C. finance minister's office was hardly cold Wednesday when Gary Collins outlined ambitious plans for the tiny Vancouver airline he'll now run. Collins, who resigned Tuesday from the second most powerful post in the provincial government, officially took the controls of Harmony Airways. The privately owned three-plane airline flies between Vancouver and Toronto and specializes in flights to U.S. sun and gambling destinations.
[Full text]
|
|
| ADM Welcomes its 10 Millionth 2004 Passenger |
|
At about 4:30 p.m. today, Aéroports de Montréal (ADM) will welcome its 10 millionth passenger for 2004. This is the first year ever that passenger traffic in Montréal has reached the 10-million mark. ADM will celebrate the event by holding a random draw for prizes among passengers on four flights that will be landing at Montréal-Trudeau airport around the determined time.
[Full text]
|
|
| One in Four Americans, or 68 Million Web Surfers, Used Online Travel Sites in November 2004 |
|
Nielsen//NetRatings, the global standard for Internet audience measurement and analysis, announced today that 23 percent of Americans, or 68 million unique visitors, flocked to online travel destinations during November 2004, making up 46 percent of all active Web surfers.
[Full text]
|
|
|
|
|
|
|
| FLash | MyTravel North America posts record cdn$33m operating profit
The North American operations of MyTravel saw significant growth and improvement during the 12-month period ending Sept. 30, 2004, with a record operating profit of CDN$33 million before exceptional items and goodwill. This compares with a loss of CDN. $240,000 last year. However, after adjusting for the impact of businesses disposed of in the first quarter of the fiscal year, the underlying improvement was CDN $52.6 millions. “This reflects improved market conditions in both the U.S. and Canada, along with the impact of cost cutting initiatives in all our businesses,” said Michael Friisdahl, president of MyTravel North America. |
|
|
| FLash | Court approves US Airways short term liquidity, debt agreements with GE
US Airways Group Inc. on Thursday won court approval to move ahead with an aircraft leasing and financing deal that will help the struggling airline lower costs and reduce debt. The agreement with General Electric Co. provides the Arlington-based airline, now operating under bankruptcy protection, with $140 million US in short-term liquidity, and the deferral of aircraft debt and lease payments due over the next six months. It was expected to result in more than $80 million in annual cash savings and aircraft-ownership and engine-maintenance costs. US Airways has previously stated that the deal, filed Nov. 26 in U.S. Bankruptcy Court in Alexandria, requires the company to complete a series of cost reductions and restructuring milestones by Jan. 14 and exit Chapter 11 by June 30. |
|
|
| FLash | Varig's future in doubt over confusion about possible government takeover
The future of Varig, Brazil's flagship airline, was thrown into confusion Wednesday after the country's vice-president played down a top official's announcement that the carrier would be taken over by the government to save it from collapsing under a mountain of debt. A day after the head of Brazil's federal aviation authority announced that a takeover would happen soon to keep Varig flying during a restructuring process, Vice-President Jose Alencar said he did not think intervention was being considered but stopped short of dismissing the idea altogether. |
|
|
| FLash | Bethlehem's Paradise Hotel opens doors for first Christmas since 2000
The floors are polished, a Christmas tree glitters near the bar and the dining room is ready for hundreds of guests. The luxury Paradise Hotel is open for business for the first time since the latest Palestinian uprising erupted in 2000. Bethlehem's flagship hotel, where Israeli and Palestinian dignitaries mingled at Christmas galas in the 1980s, mirrors the ups and downs of the conflict, from shaky coexistence to destruction and now the struggle to rebuild. |
|
|
|
|
