Tour conglomerate TUI Travel PLC reported a first-quarter loss of about $83.3 million, compared with a first-quarter loss of $231.4 million a year ago. TUI said that the integration of Thomson Holidays and First Choice was progressing well.
Carnival Corp. cruise brands have included disclosures about potential fuel surcharges in their sales contracts for the last two years, according to a UBS Investment Research note.
Kuoni posted further strong results for 2007, the first year of its second century. With turnover growth of 15.1 percent and a record net result of CHF 136.3 million, the Kuoni Group successfully maintained its favorable overall development.
Just about two weeks after the Bahamas learned major casino operator Foxwoods Development Company would be setting up shop in the destination, another casino giant, Harrah’s Entertainment, is raining on the parade.
Carlson Wagonlit Travel (CWT) announced a signed, definitive agreement whereby CWT has acquired Traveltime Services, a privately held regional travel management company based in Nashville, Tennessee.
One of the world’s top cruise operators has agreed to reimburse U.S. passengers for fuel surcharges that were not adequately disclosed, the Florida attorney general announced Monday.