Tourists cancel bookings due to Philippine clashes
Swelling hotel pipeline closes in on construction record
Ashford sweetens deal in bid to buy FelCor
Marriott, Accor use M&A to diversify options for traveler
Embraer Delivers 18 Commercial and 15 Executive Jets in 1Q17
During the first quarter of 2017 (1Q17), Embraer (NYSE: ERJ; BM&FBOVESPA: EMBR3) delivered 18 jets to the commercial aviation market across the U.S., Europe and China. In the business aviation market, 15 aircraft were delivered in the same period, being 11 light jets and 4 large jets. On March 31, Embraer’s firm order backlog totaled USD 19.2 billion.
Clashes between Philippine troops and suspected Abu Sayyaf militants have raised concerns about travel and tourism in the central province where the fighting is taking place.
Jaypee Orcullo, an officer of the Department of Tourism in Bohol province, said some tourists cancelled hotel reservations. He estimated around 10 percent may have cancelled their online booking.
But he said the situation is normal at the white sand beaches of Bohol’s Panglao islands that are frequented by tourists, and the province’s capital Tagbilaran. The site of the fighting that started Tuesday is an isolated area a three-hour road ride away from Panglao, and about two hours away from Tagbilaran.
Carnival Corporation names Darrell Campbell as Corporate Treasurer
Carnival Corporation & plc announced that Darrell Campbell joins the company as corporate treasurer, effective April 10, 2017. His responsibilities will include overseeing global treasury operations, risk management, tax compliance and tax strategy. Campbell fills the role currently held by Josh Weinstein, who is transitioning to a new position as president of Carnival UK.
Campbell brings to Carnival Corporation extensive accounting, audit and financial experience. He most recently served as an audit partner at PricewaterhouseCoopers LLP, where he led financial statement and internal control audits of Fortune 500 and S&P 500 companies with revenues over $10 billion and market capitalization up to $40 billion. During his career he has supervised multinational teams, provided regulatory reporting advice for capital market transactions and periodic filings, and co-authored guidance on industry topics including compliance, accounting and financial reporting.
US hotel rooms under contract were up 14.4% last month over March 2016, totaling 571,311, according to STR's Pipeline Report. The 190,764 rooms in the construction stage, which rose 24.4%, neared the 2007 national peak.
HotelsMag.com (free registration)Ashford sweetens deal in bid to buy FelCor
Ashford Hospitality Trust has added $213 million in cash to its offer to acquire FelCor Lodging Trust. Ashford's initial offer was an all-stock deal, and the cash component makes up 21% of the latest offer.
HotelNewsNow.comMarriott, Accor use M&A to diversify options for traveler
Marriott's recent investment in PlacePass, a tours and activity company, and AccorHotels' deals to acquire Travel Keys and Very Chic underscore the industry's move toward catering to guests who want more than a hotel stay.
EyeforTravelEmbraer Delivers 18 Commercial and 15 Executive Jets in 1Q17
During the first quarter of 2017 (1Q17), Embraer (NYSE: ERJ; BM&FBOVESPA: EMBR3) delivered 18 jets to the commercial aviation market across the U.S., Europe and China. In the business aviation market, 15 aircraft were delivered in the same period, being 11 light jets and 4 large jets. On March 31, Embraer’s firm order backlog totaled USD 19.2 billion.
5 New London Stansted Routes Launched 2 Months Early Due To Record Demand
Ryanair, (13 Apr) announced it will commence 5 of its new London Stansted Winter 2017 routes in September, two months earlier than planned, due to strong demand from UK consumers and visitors.
Ryanair will operate new services between London Stansted and Aalborg (3 wkly), Kiev (5 wkly), Lviv (2 wkly), Oradea (3 wkly) and Pardubice (3 wkly) as part of its expanded London Stansted winter 2017 schedule, with 127 routes in total, which will help deliver 20.7m customers through London Stansted Airport this year.
To celebrate its early start, Ryanair released seats for sale at prices starting from just £24.99 for travel in September and October. These low fare seats are available for booking on the Ryanair.com website until midnight Monday (17 Apr).
Ryanair will operate new services between London Stansted and Aalborg (3 wkly), Kiev (5 wkly), Lviv (2 wkly), Oradea (3 wkly) and Pardubice (3 wkly) as part of its expanded London Stansted winter 2017 schedule, with 127 routes in total, which will help deliver 20.7m customers through London Stansted Airport this year.
To celebrate its early start, Ryanair released seats for sale at prices starting from just £24.99 for travel in September and October. These low fare seats are available for booking on the Ryanair.com website until midnight Monday (17 Apr).
