Estravel

TravelDailyNews International | April 09, 2020

FCM Travel Solutions’ parent company Flight Centre Travel Group (FCTG) has announced a comprehensive package of initiatives to strengthen its balance sheet and liquidity position. These initiatives mean that FCTG has secured a total AUD $900 million through a mix of capital raising and new debt facilities. They complement previously announced cost reduction and cash preservation initiatives implemented by FCTG to help overcome the unprecedented travel and trading restrictions imposed by go...

Bermuda | July 28, 2020

U.S. residents who aren’t working from their offices and simply cannot handle sitting at home anymore have a new option available to them move to Bermuda for a year to work remotely from a dream Caribbean destination instead. Bermuda has just passed new legislation called the ‘One Year Residential Certification’ program, set to become effective August 1, 2020, which sanctions foreigners to live on the island for up to twelve months, bringing along their remote work or st...

Travel Technology

Huawei | August 26, 2021

As part of its move away from hardware, Huawei is scaling up its cloud services and startup support in Asia Pacific and, while travel and hospitality is not top of mind yet, its move into this vertical seems inevitable with the expansion of its headquarters in Singapore and a recent first move in the Middle East. Huawei, facing pressure in Western markets and a slowdown in consumer business amid U.S. sanctions, has been steadily moving its focus away from manufacturing to become a...

Destination and Tourism

Internova Travel Group | June 07, 2022

On the heels of World Environment Day, Internova Travel Group, one of the largest travel services companies in the world, today announced it is offering more sustainable solutions for employees, advisors and clients who are concerned about reducing and tracking their carbon footprint. The company has entered into a partnership with Sustainable Travel International to support travelers through their climate mitigation journey.During the pandemic, Internova recognized the exponential growth in dem...