first_imgTravelport Worldwide Limited has announced its financial results for the first quarter ended 31 March, 2017, reporting a ‘particularly strong performance in Asia Pacific’, according to Gordon Wilson, President and CEO of Travelport.Mr Wilson said Asia Pacific is “… the world’s fastest growing and largest travel region, where we grew our air market share and saw our highest level of quarterly revenue growth for over five years.”The company reported a net revenue increase of 7% to $651 million and net income increase to $56 million for the Quarter.Travelport’s Travel Commerce Platform revenue increased 7%, with revenue growth across all regions and air revenue also increased 7% to $474 million, primarily driven by strong market growth and seasonal effects.“… I am delighted that our leadership positions in airline content and merchandising, hospitality, mobile commerce and commercial payments are translating into greater revenue from existing customers, as well as new business wins across multiple geographies. We continue to invest in implementing these new wins, as well as in new product and capability extensions that will expand our focused areas of market leadership and support future growth. Given our positive start to the year, we are confident in our outlook for 2017 and expect our full year earnings and cash flow to come in towards the higher end of our guidance ranges.” Travelportlast_img read more

first_imgHilton has announced the launch of Motto by Hilton, its newest affordable lifestyle brand. Hilton says that, approaches its 100th anniversary, it continues to pioneer the hospitality landscape with a new brand to address the needs and desires of the evolving global traveller.“Hilton prides itself on being a leader in the hospitality industry and evolving with the needs of our guests,” said Christopher J. Nassetta, president and CEO, Hilton. “Innovation is in our DNA, and as we embark on our 100th year as a company, we are innovating more than ever before. With Motto by Hilton, we are bringing to market something the industry has never experienced with its flexible and affordable room product, desirable locations and guest-empowered service.”Motto by Hilton is a micro-hotel with an urban vibe in prime global locations.Hilton evaluated the emerging lifestyle hostel model globally to understand the opportunity to enhance the shared room concept. But, extensive research showed that travellers who stay in hostels, in fact, do not like rooming with strangers and often book just with their friends or family. They want more from their hostel experience but are limited by current options in the market.As it evaluated the existing market, Hilton understood that what these travellers wanted was an affordable urban lifestyle brand – one that combined comfort and accessibility with travel and lifestyle trends that centred around:Prime Locations: It’s about giving travellers access to the best location – being in the heart of the city and in the most popular neighbourhoods. Right neighbourhoods make a difference.Authenticity: What does it mean to be “here”? Locality breeds identity, community, and ultimately, a sense of place.Affordability: Competitive rates that open the doors to cities and locations that travellers didn’t think they could afford.Flexibility: One size doesn’t fit all — choice is paramount. Multi-purpose spaces are growing in popularity because of the flexibility they afford.Guest Rooms: With an average footprint of 163 square feet or 14 square meters, the highly efficient rooms will include space-saving features such as wall-beds, lofted beds, segmented shower and toilet stalls, and multi-functional furniture that can be discreetly stowed when not in use.Linking Rooms: Eliminating the hassle of coordinating travel for larger groups, Motto by Hilton hotels will have the option for guests to book multiple connecting rooms in advance.Split-payments: Motto by Hilton hotels will allow guests to split payments between more than one person at the time of booking, avoiding the sometimes-complicated math exercise during checkout.Connected Room: All Motto by Hilton rooms will be outfitted with Hilton’s Connected Room technology – the first mobile-centric hotel offering that allows guests to control features in their room (i.e., temperature, lighting, TV, window coverings, etc.) from their Hilton Honors mobile app.Curated Sleep Experience: Motto by Hilton hotels will put an emphasis on a premium sleep experience. Whether it is a premium mattress; a Sleep Kit with eye masks, essential oils or vitamin bars; a white noise app; blackout window shades; or sound absorbing materials throughout the room, Motto by Hilton is sleep-obsessed and prioritises quality sleep for every traveller.“The launch of Motto by Hilton emphasises our relentless commitment to creating innovative brands that meet what today’s travellers want,” said Phil Cordell, global head of new brand development, Hilton. “The unmatched flexibility of Motto offers tremendous value by empowering travellers to tailor every stay to their specific needs.” HiltonhotelsMotto by Hiltonlast_img read more

first_imgairlinesqantasThird Quarter FY19 The Qantas Group has delivered revenue growth in the third quarter of FY19 and says it remains on track to fully offset the impact of significantly higher fuel costs compared with last year. Total revenue between 1 January and 31 March 2019 grew by 2.3 per cent to $4.4 billion and Group Unit Revenue was up by 4 per cent.Qantas’ overall market share of corporate travel revenue increased by 2.5 percentage points in the quarter to its highest level in three years, despite a net reduction in capacity. Market share of small-to-medium business travel continued to grow, assisted by initiatives from Qantas Loyalty.Group International Unit Revenue increased by 6.2 per cent, with a particularly robust performance by Qantas International. Network changes drove revenue performance, as did competitor capacity reductions on long haul routes in response to higher fuel costs, which in-turn led to increased market share for Qantas International.Performance of Jetstar’s international services was heavily impacted by the timing of Easter and school holidays, with a significant amount of demand shifting to April. Despite this, Unit Revenue continued to grow. The broader Jetstar Group saw an 8 per cent increase in ancillary revenue per passenger in the third quarter, supported by new luggage options and Club Jetstar membership.Qantas Loyalty continued to see strong revenue growth from the Frequent Flyer program as well as its other businesses, including Qantas Money and Qantas Insurance. There are several initiatives to be announced in the fourth quarter that will continue to support Loyalty’s performance, with earnings growth of 7-10 per cent expected for the second half of FY19.Qantas and Melbourne Airport have also reached an agreement for the sale of the airline’s domestic terminal, and the airline has secured future access to Terminal 1 for $355 million, of which $276 million will be received in cash in this financial year, with the remaining value to be accrued in future periods.The transaction includes a 10-year access agreement for Terminal 1 with all aeronautical and retail assets transferring to Melbourne Airport. Qantas retains exclusive access to Terminal 1, including lounges, for domestic services. Options to operate some international flights from Terminal 1 outside of peak domestic times will be assessed.While the proceeds from this sale will be accounted for in FY19, the gain will be excluded from Underlying Profit Before Tax and, as advised at 1H19, contained within the Group’s net capital expenditure guidance.last_img read more