Strong jump in profits in 2022: Flughafen Wien AG demonstrates its strength following the coronavirus-related downturn Business results in 2022: net profit of € 128.1 million (2021: € 6.6 million), revenue up to € 692.7 million (2021: € 407.0 million), EBITDA almost doubles to € 295.9 million (2021: € 154.4 million) About € 800… Read the full press release
Tag Archives: financial
Choice Hotels International partners with Wells Fargo and Mastercard to launch new cobranded credit card program this spring
Offering enhanced rewards and benefits for members, the new Choice Privileges Mastercard will launch this spring. Existing cardmembers will be converted to the new program in May ROCKVILLE, Md., 2023-Feb-15 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH)—one of the world’s largest lodging franchisors—has finalized a multi-year agreement with Wells Fargo and Mastercard to launch… Read the full press release
Mayor Lightfoot and DCASE Announce $11M in Grants for Chicago Arts Organizations’ Recovery
Department of Cultural Affairs and Special Events (DCASE) Announces 2023 Cultural Grants, Furthering City’s Investment in Arts Recovery CHICAGO, IL, 2023-Feb-07 — /Travel PR News/ — Today (February 2, 2023), Mayor Lori E. Lightfoot and the Department of Cultural Affairs and Special Events (DCASE) announced the 2023 DCASE Cultural Grants Program plans, including $11M to… Read the full press release
Hotel Industry Set to Rebound: Surpassing Pre-Pandemic Demand, Revenue, and Tax Revenue in 2023
2023 AHLA State of the Industry forecasts opportunities, challenges WASHINGTON, DC, 2023-Jan-31 — /Travel PR News/ — The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics, according to the American Hotel & Lodging… Read the full press release
UK Civil Aviation Authority Proposes Changes to ATOL Financial Protection Scheme to Improve Consumer Protection and Resilience of the Scheme
LONDON, UK, 2023-Jan-25 — /Travel PR News/ — The UK Civil Aviation Authority has today (01.24.2023) published the emerging findings of its programme for ATOL reform. The regulator is seeking further information from stakeholders to support its work in finalising its proposals for changes to the ATOL financial protection scheme. The Civil Aviation Authority, which… Read the full press release
Join the Discussion on Auckland Airport’s FY23 Interim Results with CEO and CFO
Analyst and media webcast for FY23 interim results Auckland, New Zealand, 2023-Jan-19 — /Travel PR News/ — Auckland Airport’s interim results for the six months ending 31 December 2022 will be announced on Thursday, 23 February 2023. A webcast for analysts and media with our Chief Executive Carrie Hurihanganui and Chief Financial Officer Phil Neutze… Read the full press release
SAS Concludes Lessors Negotiations and Expects to Achieve Targeted Cost Savings in Chapter 11 Process
Stockholm, Sweden, 2023-Jan-16 — /Travel PR News/ — SAS AB (“SAS” or the “Company”) announces that it has reached agreements with two additional lessors, representing 13 aircraft in the aggregate, to amend the terms of existing aircraft and equipment lease agreements. With these agreements, SAS concludes its lessor negotiations as part of the chapter 11… Read the full press release
Host Hotels & Resorts Amends and Restates $2.5 Billion Credit Facility, Extends Maturities to 2028 and Adds Sustainability Incentives
BETHESDA, Md., 2023-Jan-06 — /Travel PR News/ — Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), today (Jan. 04, 2023) announced that it amended and restated its existing $2.5 billion credit facility (the “Agreement”). The Agreement extends maturities from January 2025 to January 2028, including all extension options, and… Read the full press release
Qatar Airways Privilege Club announces its latest partnership with Visa
This expanded partnership creates a new world of opportunities for Privilege Club members to collect and spend Avios Doha, Qatar, 2022-Oct-18 — /Travel PR News/ — Qatar Airways Privilege Club has signed a global strategic agreement with Visa, world’s leader in digital payments, part of a new 10-year exclusive partnership. This latest collaboration enables Privilege… Read the full press release
Choice Hotels to release 2022 third quarter earnings results on Monday, November 7, 2022
ROCKVILLE, Md., 2022-Oct-12 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, will report its 2022 third quarter earnings results at approximately 6 a.m. Eastern Standard Time (EST) on Monday, November 7, 2022. The company will also hold a conference call at 8:30 a.m. EST, during which Patrick Pacious, president and… Read the full press release
Hyatt Hotels Corporation updates on operating results for May, summer travel booking trends, and closes on asset dispositions
System-wide RevPAR Accelerates in May; Future Bookings Continue to Strengthen Chicago, IL, 2022-Jun-07 — /Travel PR News/ — In conjunction with the start of the NYU International Hospitality Industry Investment Conference, Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) is pleased to share an update on operating results for May, summer travel booking trends,… Read the full press release
Qantas adds new payment option with buy now, pay later provider Zip
Qantas to offer buy now, pay later option for flights for the first time Frequent Flyers can earn extra Qantas Points on flights with Zip Members can choose to earn points with Zip Rewards Sydney, Australia, 2022-May-20 — /Travel PR News/ — Qantas customers can ‘fly now, pay later’ with a new payment option helping… Read the full press release
Agoda to offer interest-free credit card installments across its booking platform in partnership with Visa
SINGAPORE, 2022-May-12 — /Travel PR News/ — Global travel platform Agoda, today (May 11, 2022 ) announced its partnership with Visa, the world leader in digital payments, to offer interest-free credit card installments across its booking platform. Agoda will be the first global Online Travel Agency (OTA) to offer this payment option with Visa in… Read the full press release
Alaska Air Group extends co-branded credit card agreement with Bank of America
Continues Longstanding Relationship Through 2030 Expanded Partnership will Further Drive Credit Card Acquisition and Loyalty Strengthened Benefits to be Introduced in the Second Half of 2022 New York, NY, 2022-Mar-29 — /Travel PR News/ — Alaska Air Group Inc. (NYSE: ALK) and Bank of America (NYSE: BAC) today (March 24, 2022) announced an extension of… Read the full press release
Qantas Loyalty launches its latest financial services product — Qantas Business Money
SYDNEY, AUSTRALIA, 2022-Feb-23 — /Travel PR News/ — Qantas Business Rewards is making it easier for Australian companies to do business overseas through a global payments platform that also allows them to earn Qantas Points. Qantas Business Money will be available in the second quarter of the year to more than 350,000 small and medium… Read the full press release
Finavia and The Nordic Investment Bank sign loan agreement to support Helsinki Airport expansion program
Vantaa, Finland, 2021-Oct-27 — /Travel PR News/ — Finavia and The Nordic Investment Bank (NIB) have signed a 15-year loan agreement of EUR 25 million to finance the fourth and final phase of the strategic investment programme, which includes the extension of the Terminal 2 at Helsinki Airport. Helsinki Airport has been undergoing extensive work… Read the full press release
Danske Bank opens The Drop Zone digital hub at George Best Belfast City Airport
Belfast, Northern Ireland, 2021-Oct-15 — /Travel PR News/ — A new digital hub sponsored by Danske Bank has opened at George Best Belfast City Airport to help business and leisure travellers stay connected. The Drop Zone, located in the airport’s Departures Lounge, offers passengers the chance to have a seat while charging their phones, tablets… Read the full press release
Chase Card Services and Hyatt launch new World of Hyatt Business Credit Card
Introducing first-ever adaptive rewards accelerator from Chase for small business owners to earn double World of Hyatt points on categories where they spend the most CHICAGO, IL, 2021-Oct-10 — /Travel PR News/ — Today (October 6, 2021), Chase Card Services (NYSE: JPM) and Hyatt Hotels Corporation (NYSE: H) announced the launch of the new World… Read the full press release
Hyatt Announces Pricing of Public Offering of 7,000,000 Shares of Common Stock
CHICAGO, IL, 2021-Sep-25 — /Travel PR News/ — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today (September 22, 2021) the pricing of its underwritten registered public offering of 7,000,000 shares of its Class A common stock at a public offering price of $74.50 per share. The underwriters… Read the full press release
Choice Hotels: Ascend Hotel Collection and Cambria Hotels achieved domestic room count growth of 24% YOY
Cambria Hotels Produces Strongest RevPAR Index in 2021 Versus Local Competitors in Brand History, while Ascend Hotel Collection Outperforms Upscale Chain Scale in RevPAR by 26 Percentage Points in Second Quarter 2021, Compared to 2019 ROCKVILLE, Md., 2021-Sep-22 — /Travel PR News/ — Choice Hotels International, Inc.’s (NYSE: CHH) upscale brands, the Ascend Hotel Collection and Cambria Hotels, achieved impressive… Read the full press release
IATA July 2021 global air cargo market: demand up 8.6% vs July 2019
Geneva, Switzerland, 2021-Sep-02 — /Travel PR News/ — The International Air Transport Association (IATA) released July 2021 data for global air cargo markets showing that demand continued its strong growth trend. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons below are to… Read the full press release
Historic Environment Support Fund awards £241,995 to more than 20 heritage projects
Funding to provide training opportunities and the restoration of historic structures will benefit local communities and economies throughout Scotland EDINBURGH, Scotland, 2021-Jul-29 — /Travel PR News/ — A historic Tolbooth steeple in Fife, the B-listed former Govanhill Picture House and a traditional skills training programme targeting disadvantaged people in Perth and Kinross are just some… Read the full press release
East London charitable projects to benefit from City Airport Community Fund grants
Community Fund provides financial backing to local groups working to build stronger, safer, and healthier communities in East London 12 local charities and not for profit organisations awarded £3k grants to enable significant and positive change for East Londoners Funding from the airport’s Community Fund reaches a total of £75,000 in 2021 London, UK, 2021-Jul-24… Read the full press release
Travel Oregon’s Competitive & Recovery Grant Program awards $2.4 million to projects to support and prepare communities for COVID-19 safe travel
Portland, ORE., 2021-May-04 — /Travel PR News/ — The Oregon Tourism Commission, dba Travel Oregon has awarded $2,408,264.67 through its Competitive & Recovery Grant Program to support economic recovery by investing in projects that enhance and expand the visitor experience and prepare communities and visitors for COVID-19 safe travel. For this grant cycle, Travel Oregon… Read the full press release
Nine mountain communities to get support from Vail Resorts $3.3 million COVID-19 emergency relief and behavioral health grants
BROOMFIELD, Colo., 2020-Dec-16 — /Travel PR News/ — Vail Resorts’ Chief Executive Officer, Rob Katz, and his wife, Elana Amsterdam, New York Times bestselling author and founder of Elana’s Pantry, today (Dec. 11, 2020) announced more than $3.3 million in COVID-19 emergency relief and behavioral health grants. In nine communities where Vail Resorts operates, these… Read the full press release
Air Canada announces partnership with Uplift
Turn Travel Dreams into Reality with Fixed, Affordable Monthly Payments MONTREAL, CANADA, 2020-Dec-10 — /Travel PR News/ — Air Canada and Uplift today (Dec. 8, 2020) announced a new collaboration, giving the airline’s customers access to Uplift’s flexible, financing options. Travellers can now book flights from Canada and the U.S. to destinations throughout Air Canada’s global… Read the full press release
Shannon Group welcomes financial support from the Government
Shannon, Ireland, 2020-Nov-11 — /Travel PR News/ — Welcoming today’s (10 November 2020) announcement of €80 million Government funding for the Irish aviation sector including Shannon Airport, Mary Considine, CEO, Shannon Group, which operates Shannon Airport said: “Today’s announcement of financial support for Shannon Airport and the aviation sector is very welcome. It comes against… Read the full press release
Budget 2021: EUR 10 million support package for Shannon and Cork airports
Shannon, Ireland, 2020-Oct-15 — /Travel PR News/ — Shannon Group has welcomed the announcement in Budget 2021 of a €10 million support package for Shannon and Cork airports. Commenting on the funding, a Shannon Group spokesperson said: “This funding for capital expenditure is very welcome and will assist us as we navigate our way through… Read the full press release
COVID-19: IATA calls for aviation-specific financial relief measures from the Kingdom of Saudi Arabia
Riyadh, Saudi Arabia, 2020-May-14 — /Travel PR News/ — The International Air Transport Association (IATA) is calling for aviation-specific financial relief measures from the government of the Kingdom of Saudi Arabia to address the severe impact of the COVID-19 crisis on the air transport sector. IATA estimates that revenues generated by airlines in the Saudi… Read the full press release
COVID-19: IATA calls for aviation-specific financial relief measures from Nigerian Government
Lagos, Nigeria, 2020-May-08 — /Travel PR News/ — The International Air Transport Association (IATA) called for aviation-specific financial relief measures from the government of Nigeria to address the severe impact of the COVID-19 crisis on the air transport sector. Air transport has ground to a halt in efforts to stop the spread of COVID-19. Along… Read the full press release