Although he continues telling the press that he’s being chased by his secure-businessman image, it’s clear that Juan Jose Hidalgo, president of the Globalia Group, shall be worried these days. The hotel division of his rock-solid tourism empire has turned into a genuine problem since the conflict was sparked off months ago by Pedro Pueyo, a businessman and owner of Oasis establishments, managed by Globalia since 2007.
Travelport said it saw modest increases in net revenues in the second quarter -- 1 percent over the second quarter of 2009 and 3 percent over the first half of 2009. The company’s adjusted EBITDA was $176 million, a 2 percent decrease over second quarter 2009. For the first half of the year, EBITDA was $315 million, which was flat as compared with the first half 2009.
Orbitz Worldwide said global gross bookings in the second quarter increased 17 percent year over year, mainly due to higher air fares and higher transaction volume. Air gross bookings increased 21 percent (22 percent on a constant currency basis) and non-air gross bookings increased seven percent (six percent on a constant currency basis) year over year. Domestic gross bookings increased 17 percent and international gross bookings increased 19 percent (20 percent on a constant currency basis) year over year.
In a mid-year financial check up, three-quarters (75 percent) of Americans say their debt has not increased over the past six months and in fact more than a third (38 percent) say their debt has actually decreased, according to the latest American Express Spending & Saving Tracker.
Thomas Cook Group has agreed to acquire 100 percent of Öger Tours, a German tour operator specializing in package holidays to Turkey, from its founding shareholder Vural Öger.
Altour has acquired Advantage Travel & Incentives, Inc. (Advantage Performance Network (APN) and Advantage Travel Management), located in Savage, Minn. The company was established in 1995 by Mary Sue Leathers, with a vision of bringing customer service back to the travel industry.