January 4th -Lufthansa entered into a binding consensus to sell U.K subsidiary BMI to British Airways parent International Airlines Group for around 172.5 million British pounds (approximately $270 million). In the month of November IAG gave a green signal to the acquisition before British Airways competitor Virgin Atlantic submitted a competing bid. A ready [...]
December 28th – Fingerprints and facial recognition will now be demanded for all incoming international guests to Korea beginning January 2012. This procedure was first required in July for longer-term visitors. Except for people exempt from compulsory distribution of such information by law (e.g. foreign federal authorities, worldwide organization representatives, etc.), any foreign visitor aged [...]
December 28th- A record 50 million travelers will have visited New York City by the end of 2011, Mayor Michael Bloomberg reported on last week, up about 1.5 million from last year despite a slowing global economy. “New York City’s quality of life has contributed to this great success and we are confident we will [...]
December 15th – For close to 40 years of being CEO for Marriott International, J.W. “Bill” Marriott Jr., will be stepping down the post in their family company. This will be effective March of the following year and a new comer will take over the lead. Arne Sorenson, current president of the company and [...]
Thomas Cook, a global leader in travel for more than 170 years, announced today the launch of its new, much anticipated Canadian website – Thomascook.ca. The Thomas Cook Canada website, in conjunction with the rebranding of 150 Thomas Cook retail locations across Canada, signals the long awaited return of Thomas Cook to the Canadian travel [...]
Google has begun to reap the rewards of its $676m acquisition of the airline fare tracker ITA Software earlier this year by launching a flight-price search system for flights between US destinations. Their new search engine, at http://www.google.com/flights, arrived in a low-key launch, after the takeover was sourly opposed by rivals including other travel services [...]
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