Strategic Hotels & Resorts, Inc. announced that it has commenced a follow-on public offering of 14,000,000 shares of its common stock.
The Company has granted the underwriters a 30-day option to purchase up to an additional 2.2 million shares of common stock at the public offering price to cover over-allotments, if any.
Kuoni Group´s 2006 booking volumes to May 14, 2006 are 11 percent above their prior-year levels, the company will announce at its Ordinary General Meeting of Shareholders in Zurich Friday.
The Board of Directors will ask the meeting to approve a reduction in the nominal value of registered shares A and B and to elect Raymond D. Webster as a new Board member.
Buoyed by revenue increases that are exceeding even its own expectations, US Airways Group reported a first quarter profit and said it expects to post a full-year profit, too –even when accounting for merger expenses and continued high fuel costs.
The results continue to vindicate, at least for now, America West´s decision to merge with US Airways.
European travel company TUI has shared that its first-quarter loss narrowed because of a gain from the sale of TQ3 Travel Solutions.
As per the information available, in the first quarter of the year, turnover in the tourism division fell slightly from €2.52 billion to €2.51 billion as customer numbers fell from 3.9 million to 3.7 million, partly due to Easter falling in the first quarter last year.
Along with considering alternative sources of renewable energy in the face of rapidly rising oil prices, the Federation of St. Kitts and Nevis is working to make approaching international events as eco-friendly as possible.
Minister of State with responsibility for Sustainable Development, Nigel Carty, in addressing the Caribbean Renewable Energy Development (CREDP) third project Steering Committee Meeting, explained that renewable energy research and development is inextricably linked to environmental sustainability.
Travelocity, the online travel company, reported $2.5 billion worth of gains in shared global gross travel bookings in the first quarter of 2005, up a staggering 59 percent from 2005. The total global revenue for the quarter was $234 million, year over year growth of 59 percent.
Other Travelocity global metrics for the first quarter were a 24 percent increase in air transaction revenue, a whopping 90 percent spike in non-air transaction revenue, and a 38 percent hike in total packaging revenues.