Orizonia Corporation is negotiating the acquisition of the Transhotel Group, a global hotel and tourist service provider, sources close to the bargaining said this week.
When Orizonia laid out its new expansion strategy back in 2007, it revealed clear-cut intentions to bank that strategy on new acquisitions in an effort to beef up its stance as one of Spain’s major travel and tourism companies.
It is the island of which Ernest Hemingway once wrote: “It not only looks wonderful, it is wonderful.” It is famed around the world for its unspoiled beaches, the rhythm of its music, its staunchly communist regime and its political stand-off with the United States.
In response to reports of a planned luxury resort in Cuba, which could cut into Cayman’s travel business, local tourism representatives have called for proactive measures to remain competitive in an expanding market.
Richard Sealy, tourism minister of Barbados, is big on branding and wants to see more of it on his island. “As a tourism destination, we are a little weak right now in that area,” he said. “It’s a problem, especially for the U.S. market. Americans respond well to brand names.”
TAM and Air Canada, Canada’s largest airline and a founding member of the Star Alliance, signed a Memorandum of Understanding today in Sao Paulo providing for the implementation of a codeshare agreement and reciprocal frequent flyer mileage accumulation for members of the carriers’ loyalty programs, TAM Fidelidade and Aeroplan.
Irish holding company Kingplace has agreed to acquire and relaunch all-premium-class carrier Silverjet. The airline, which operated flights from London Luton Airport to Newark and Dubai, ceased operations on May 30 when anticipated funding from a United Arab Emirates investor fell through.