30/07/2009

News Update - July 30, 2009

Source: m-travel.com...

The Get Funded Show Podcast Library – now launched...
The podcast library covering topics ranging from innovation to investment, entrepreneurialism to emerging markets has now been launched. Containing interviews with top entrepreneurs as well as major investors it offers precious insight and advice for up and coming travel companies....

“Distribution costs must be built into the fare structure”...
In-Depth: TAAI’s point of view on commission structure in India Over the past few months, some of the established long-haul airlines in the Asia Pacific region have faced strong resistance from travel agencies regarding their move to reduce commissions or...

Aabar Investments to invest $280 million in Virgin Galactic...
Abu Dhabi’s Aabar Investments PJSC will pay $280 million for a 32 percent stake in Virgin Group’s commercial spaceline, Virgin Galactic. Aabar is controlled by the International Petroleum Investment Company, which is wholly owned by the government of Abu Dhabi...

Holidaybreak booked at 94 percent of its target sales, CEO to leave...
Holidaybreak is on track to meet management expectations for the full year. The education, leisure and activity travel group is now booked at 94 percent of its target sales, with year to date sales up two percent on last year....

Hubert Joly to lead Carlson Hotels Worldwide...
Carlson has chosen its president and CEO, Hubert Joly, to also personally lead Carlson’s hotel business, supported by a global hotel management team. Joly has been president and CEO of Carlson since March 2008. Prior to that, he was president...

BA stops short-haul meals...
British Airway PLC will no longer offer meals to economy travellers on short-haul routes. In a move expected to save the airline £22m (€26m), BA said passengers on flights lasting less than two-and-a-half hours would not receive a meal after...

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