There have been several reports of recovery in the travel industry this year. Some are from tour operators like Altour or major consortia such as American Express.
Irish low-budget airline Ryanair Holdings PLC said it will cut its U.K. winter flight capacity by 16 percent because of the U.K.’s “tourist tax,” but won’t cut winter flights at Edinburgh and Leeds-Bradford airports.
Vail Resorts reported that its net income increased by 18.1 percent for the third quarter due to an increase in skier visits during the spring. Total skier visitation improved by 4.6 percent for the third quarter as compared to the same period in the prior year. Lift ticket revenue increased 7 percent, with similar percentage increases in both lift revenue excluding season passes and season pass revenue.
Carlson Hotels said it has made significant progress in the first 100 days of its long-term Ambition 2015 growth plan. Most notably, the company reported that investments committed to the Radisson strategy in North America already exceed $350 million.
ARC reported May airline sales far outpacing the rate of increase of airline transactions. ARC sales were up 25 percent year over year to just over $7 billion and up 21.63 percent year to date to $34 billion.
Air Jamaica’s President and Chief Executive Officer (CEO), Bruce Nobles has assured Jamaicans living in Canada that it is business as usual at Air Jamaica, since the take-over by Caribbean Airlines on May 1.
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