Rotana returns to sponsor World Travel Market registration
Rotana has confirmed it is to sponsor registration at World Travel Market 2013, the leading global event for the travel industry. The event will take place in London from November 4th-7th 2013. It is the fifth year in a row the hotel operator has sponsored WTM’s registration as part of its ongoing strategy to promote the brand to the global travel and tourism industry. The hotel group is especially looking to promote its Egyptian properties and its upcoming opening in Salalah, Oman. Source: BreakingTravleNews.
Expedia shares soar on higher-than-expected earnings
Following the trend set by its fellow Puget Sound-area tech companies, Expedia Inc. beat earnings expectations Wednesday and saw its stock price soar in after-hours trading. Expedia’s (NASDAQ: EXPE) share price rose more than 14 percent to around $57 per share immediately after the company announced it made about $171 million on $1.4 billion in revenue in the third quarter. Profits were nearly the same as they were in the same quarter the previous year, but revenue was up by about $200 million. Bellevue-based Expedia's share price suffered this summer when the company reported a drop in profits. Today's earnings might be enough to help the stock price recover some of the decline it had earlier this year. Interestingly, the company reported that 49 percent of its revenue came from international bookings, worth about $685 million in the quarter. That’s an increase from the 46 percent of revenue that came from international bookings in the same quarter last year. Source: BusinessJournal
Skål Celebrates On-board Pacific Jewel
Last week Skål Sydney North celebrated 20 years as the leading travel industry networking club for northern Sydney. The celebration was an exclusive lunch at Salt Restaurant, the premier fine dining on--‐board Pacific Jewel. Club President Karan Singh from Spectrum International commented: “Skål has over 1,100 Members Australia--‐wide representing many of Australia’s top executives from Australia’s leading travel and hospitality companies. Thus it was only fitting that the lunch was hosted by one of the industries most successful global companies – Carnival Cruises on board the gracious Pacific Jewel.” “If you wish to meet like-minded travel and tourism industry colleagues in a relaxed and convivial atmosphere, Skål is a far more affective way of building solid business relationships. No matter how sophisticated social media is, Skål offers a monthly opportunity to do business with friends”, states Karan Singh. Skål North Sydney is one of 23 Clubs within Australia. If you would like to place your networking on a long-term and trusted footing, then in the first instance contact John Spencer on 0403411800 to enquire about becoming a new Skalleague.