Finance

TUI has received the approval of the German government for a bridging loan of EUR 1.8 billion (USD 1.98 billion) from the KfW. The funds of Germany’s state-owned development bank are to…

Amid the enhanced community quarantine to the whole island of Luzon, the Philippines opened its PHP 27.1 billion (USD 524 million) “war chest” to combat the COVID-19 and PHP 14bn (USD 271m)…

WeSwap research has revealed the top ten destinations for card and cash spending, based on the popularity of use across its 500,000-strong userbase.

Airbus has reported full-year (FY) 2019 consolidated financial results and provided guidance for 2020. “We achieved a great deal in 2019. We delivered a strong underlying financial…

The Boards of Hamilton Hotel Partners, an independent London-based hotel management and investment firm, and Pyramid Hotel Group, a privately-owned full-service hotel and resort company…

The Illinois Department of Commerce & Economic Opportunity (DCEO), Office of Tourism, has announced USD 1.9 million in grant funding for two tourism grant programmes designed to…

The divestment of Air India has restarted with the government seeking to sell 100% of its equity share capital in the state-owned airline, including Air India’s shareholding interest of…

VLeisure, the technology company and booking platform for hotels, airlines and travel insurance, announced that VLeisure Operating System (VOS) is now available to 2-star and 3-star…

Following strong growth in 2019, the conference, training and event venue specialists, etc.venues plans to invest a further GBP 20 million (USD 25.96 million) in new space in 2020…

Airbus delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by 8%. In the 17th yearly production increase in a row, it progressed…

Spanish-based Beonprice has announced closure of a Series A funding round of EUR 2.5 million (USD 2.78 million) with venture capital fund Adara Ventures as the lead investor.…

From budgeting spending money to accommodation prices, travel money provider WeSwap unveils some ways you can save your money on this year's travels.

Aparthotel operator Staycity Group has revealed a positive trading year for 2019 with record occupancies across its estate and a number of key property openings, including its first…

Huazhu Group, a leading and fast-growing hotel group, has announced the closing of the acquisition of all shares in Steigenberger Hotels Aktiengesellschaft, Germany or popularly called…

Delta has completed its purchase of a 20% equity stake in LATAM Airlines Group. The USD 1.9 billion acquisition comes pursuant to the partnership the carriers announced in September.…

India has seen around four million new outbound travellers in the last two years and is one of the fastest growing outbound tourism markets in the world. Vivek Chaturvedi, head of…

Wirecard, the provider of digital financial technology and FXChange, self-service currency exchange network in Singapore, are collaborating to provide outbound and inbound travellers in…

Marriott International has purchased the 270-room W New York – Union Square in the heart of Manhattan’s dynamic Union Square neighbourhood. The company paid USD 206 million for the…

Holiday Extras, the UK market leader in holiday extras such as airport parking, airport hotels, lounges and travel insurance, announced the acquisition of airport hotel and parking…

The CRISIL credit rating rationale has assigned Thomas Cook India (TCIL) corporate credit rating of ‘CCR AA-’. Additionally, CRISIL has reaffirmed its ratings on the debt programmes and…

OYO Hotels and Homes will be raising USD 1.5 billion as part of a latest round of funding which will be utilised for expansion in the US and strengthen its vacation rentals business in…