TUI Travel PLC’s goal for its first full year in business is to significantly cut costs and focus on experience-driven vacations, not the low-cost “commodity space.” In September, TUI’s tourism division merged with First Choice Expeditions to create TUI Travel.
Carlson Wagonlit Travel has stated that it is now the world’s leading travel management company. CWT sales volume totaled $25.5 billion in 2007, up 30 percent year over year. Annualized new sales, excluding renewals, totaled more than $3 billion, breaking all previous CWT records.
Mexican airport operator ASUR will fight to take part in the bidding process for a planned airport in the Riviera Maya region which will drain passenger traffic away from its key runways at the resort of Cancun.
TripAdvisor, LLC, has acquired Holiday Watchdog, one of the most well-known user-generated travel sites in the U.K. Holiday Watchdog will continue to be operated as an independent site.
Carlson Wagonlit Travel (CWT), achieved significant growth in 2007, the company has announced. CWT also reported substantial progress and innovation in its four lines of business. CWT sales volume totaled $25.5 billion for 2007, an increase of 30 percent over 2006.
Travel community TripAdvisor has acquired Holiday Watchdog, a user-generated travel site in the UK. Holiday Watchdog will continue to be operated as an independent site. Terms of the acquisition are not being disclosed.