Royal Caribbean will acquire a 66.7% equity stake in Silversea Cruises based on an enterprise value of approximately $2 billion. The purchase price of the equity being acquired is approximately $1 billion. RCL plans to finance the purchase through debt.
The event aims at advancing knowledge on LGBTQ tourism in Europe, discussing the status quo of Europe as a safe and welcoming destination for LGBTQ tourists, investigating new ways to strengthen the regions attractiveness as a LGBTQ-friendly destination, and understanding the future evolution of LGBTQ travel.
With ongoing robust traffic growth in May 2018, Frankfurt Airport welcomed some 6.1 million passengers and registered a 9.5 percent increase compared to the previous year. Factors contributing to this growth included the occurrence in May 2018 of several extended holiday weekends, as well as school breaks in some German states.
Travel payment is going virtual, ride-sharing is overwhelmingly allowed in business travel and gamification is not catching on, according to new research released today by the Global Business Travel Association (GBTA), in partnership with AirPlus International.
Godmother Sophia Loren cut the ribbon on her 13th MSC Cruises ship – MSC Seaview became the third MSC Cruises ship to be launched in just 12 months
With Newest, Largest and Most Expensive Ship in Asia, Cruise Line to Offer Exciting, New Itineraries in the Region for 2019
IATA announced that Qatar Airways Group Chief Executive, His Excellency Akbar Al Baker, has assumed his duties as Chairman of the IATA Board of Governors (BoG) for a one-year term effective from the conclusion of the 74th IATA AGM.
The cabinet signed off the plans after they were approved by the government's economic sub-committee, which is chaired by Prime Minister Theresa May.
IATA announced its expectation for airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018. This is a solid performance despite rising costs, primarily fuel and labor, but also the upturn in the interest rate cycle. These rising costs are the main driver behind the downward revision from the previous forecast of $38.4 billion in December 2017.
IATA announced that leaders of the global air transport industry are gathering in Sydney, Australia, for the Association's 74th Annual General Meeting (AGM) and World Air Transport Summit.