IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia
British Airways’ owner, International Airlines Group, has announced a sharp rise in annual profits to almost £4bn despite a slight fall in passenger numbers in 2025.
Pre-tax profits across IAG increased by 20% to €4.5bn (£3.9bn), with record operating profits on margins of more than 15% at BA and its sister airline Iberia.
Continue reading...Firm will instead invest A$2m a year in ‘climate impact fund’ supporting renewables and switching to EVs
One of the travel industry’s most environmentally focused tour operators, Intrepid, is scrapping carbon offsets and abandoning its emissions targets as unreachable.
The Australian-headquartered global travel company said it would instead invest A$2m (£980,000) a year in an audited “climate impact fund” supporting immediate practical measures such as switching to electric vehicles and investing in renewable energy.
Continue reading...Holiday company boss says tourists are opting instead for destinations such as Canada, Africa and Asia
Tighter border rules are putting European tourists off holidaying in the US, according to Europe’s biggest package trip operator.
Tui’s chief executive, Sebastian Ebel, said there had been a “significant decline” in travel to the US, due to a multitude of factors including “the atmosphere, what you hear from border control”.
Continue reading...Class action lawsuit argues the online travel platform distorted market with ‘best price’ clauses
Booking.com is facing a class-action lawsuit from more than 10,000 European hotels arguing that the accommodation mega-site used its muscle to distort the market to their detriment over a 20-year period.
The Association of Hotels, Restaurants and Cafes in Europe (Hotrec), which represents the industry within the EU and is bringing the legal action, recently extended to 29 August a deadline for hotel owners to join the suit because of high demand.
Continue reading...Shoppers flock to stores in June for food, drink and merchandise, and also go on short breaks
Sunny summer weather and a packed schedule of events including Wimbledon, concerts by Oasis and Beyoncé, and international cricket and football sent shoppers flocking to retailers and supermarkets last month.
Retail sales volumes in Great Britain rose by 0.9% in June, bouncing back from a sharp fall in May, although slightly below analyst consensus forecasts of a 1.2% month-on-month increase.
Continue reading...Shares rise on promises to return £2bn to investors through buybacks and dividends, and more hotel openings
Profits at the Premier Inn owner Whitbread have fallen after it was hit by higher costs and a drop in UK bookings, but shares rose on the promise of a share buyback and more hotel openings.
Britain’s largest hotel group, which owns 852 hotels in the UK and 61 in Germany, reported a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February. Revenues dipped by 1% to £2.9bn, as revenue per available room in the UK was down by 2%.
Continue reading...City authorities still hope the scheme, which made an unexpected €2.4m last year, will help tackle overtourism
Venice’s entrance fee will resume from Friday, with the main novelty this year being that last-minute day-trippers will pay double.
Last year, as part of an experiment aimed at dissuading day visitors during busy periods, Venice became the first major tourist city in the world to charge people to enter.
Continue reading...Another 39 people rescued and brought to shore after incident on vessel at Red Sea resort
Six Russian tourists have died and 39 people have been rescued after a submarine sank near the resort of Hurghada, the latest in a series of fatal accidents involving tourists on Egypt’s Red Sea coast.
Four survivors, including at least one child, were admitted to intensive care, according to an official statement.
Continue reading...Thomas Woldbye says most other airports operate similar back-up power systems to Heathrow, as Ed Miliband announces investigation
The chief executive of Heathrow has defended the running of the airport after a fire at an electrical substation stopped about 1,300 planes and disrupted the journeys of hundreds of thousands of global passengers.
It comes after Willie Walsh, the International Air Transport Association’s director general, criticised Heathrow for the disruption, while the energy secretary, Ed Miliband, has now ordered the National Energy System Operator to “urgently investigate” the outage.
Continue reading...Minicab drivers say Uber’s bid to apply tax to all rides would put many out of business and leave people stranded
Two British taxi companies have launched a crowdfunding drive for the last leg of a lengthy legal battle with Uber that could result in higher cab fares.
Uber will seek, at a supreme court hearing in July, a ruling on contractual models that affect whether VAT applies to private-hire companies outside London, which it has argued would level the playing field across the UK.
Continue reading...Levies on tourists and cruise ships considered by some local authorities in attempt to plug funding gaps
Council tax costs in Scotland will hit record levels next month after local authorities agreed to raise rates by up to 15%, with some planning new levies on tourists and cruise ships.
All of Scotland’s 32 local authorities have announced council tax increases from April of at least 6%, with the majority raising them by about 10%, after years of successive cuts to their grant funding.
Continue reading...French family behind project visited Kremlin in 2014 to discuss building ‘Tsarland’ in annexed Crimea
With its spectacular shows featuring Viking longboats, Roman charioteers and sword-wielding knights who perform death-defying stunts, Puy du Fou in France is consistently ranked among the world’s best theme parks. Each performance of its centrepiece Cinéscénie show, which depicts 700 years of French history, features more than 1,000 actors, hundreds of horses and about 800 fireworks.
Now the company has set its sights on bringing its brand of immersive history to the UK via a £600m investment to build its mock medieval castles, hotels and restaurants on farmland just off the M40 in Oxfordshire. It has asked the upmarket property firm Savills to help with its planning applications and is expected to look for British co-investors for a project that it says will create thousands of jobs.
Continue reading...There are also fears electronic travel authorisation will threaten post-peace tourism sector in Northern Ireland
The UK Home Office’s already burdened immigration services could be overwhelmed this summer when a new visa-waiver system comes into force for European business travellers and tourists in April, a leading law firm has said.
There have also been fresh warnings that the electronic travel authorisation (ETA) requirements could threaten the post-peace tourism sector in Northern Ireland, with Americans and Europeans travelling to Dublin and beyond deciding not to bother crossing the border because of the red tape.
Continue reading...Direct flights from the US to Nuuk expected to double next year but there are concerns about the expected influx
The capital’s new airport has been opened, two more are in the making, and expectations are high: the Americans are coming to Greenland.
On Thursday, the first ever international flight into Nuuk, the most populous settlement on the autonomous Danish territory, landed to cheers on the ground and in the cabin of Air Greenland flight GL781 where passengers were served miniature bottles of Nicolas Feuillatte champagne.
Continue reading...Firm’s profits fall 22% and demand slows, with hospitality sector bracing for employer tax increase in budget
The Premier Inn owner, Whitbread, is ramping up its cost-cutting programme amid slowing demand, as the hospitality sector braces for a widely expected employer tax rise in this month’s budget.
The company, which owns the Beefeater and Brewers Fayre restaurant chains as well as the UK’s biggest hotel brand, said its total revenues had been flat at £1.57bn in the six months to 29 August, while profit before tax fell by 22% year on year to £309m.
Continue reading...Figure of 21.8 million international visitors to Spain is 7.3% rise on 2023, says national statistics institute
Spain logged a record 21.8 million international visitors this summer, official data has revealed, during a period when anti-tourism protests also took place across the country.
The figure is a 7.3% rise on 2023, the national statistics institute (INE) said.
Continue reading...Arrigo Cipriani says waves from vessels that ignore speed limits on Giudecca canal are leaving diners with wet feet
The Harry’s Bar culinary empire is as synonymous with Venice as its canals, inventing the bellini cocktail and hosting noted guests including Orson Welles, Ernest Hemingway and Charlie Chaplin during its 93 years in business.
But the lapping of the city’s waters has proved too much for the owner, Arrigo Cipriani, who is suing the city’s council and port master’s office because the feet of his well-heeled customers keep getting soaked by waves from speeding boats.
Continue reading...Villa Vie Odyssey reportedly forced to sail back to Northern Ireland to complete paperwork
The luxury cruise liner stranded in Belfast for four months is reportedly to port only hours after it set sail to cheers and applause from the 125 passengers who thought when they departed on Monday they were finally on their way around the globe.
The Ville Vie Odyssey only made it a few miles out of Belfast lough, however, before it dropped anchor again for the night. Passengers were told it would finally depart at 11pm on Tuesday.
Continue reading...State-owned company halts initiative after warnings over opening up ‘right to roam’ laws to large numbers of visitors
A Norwegian tourism campaign aimed at promoting the country as a destination for outdoor activities has been suspended after warnings that opening up the country’s “right to roam” laws to mass tourism could lead to environmental destruction.
Allemannsretten – which gives Norwegians the legal right to camp, swim, ski and walk freely in nature, regardless of who the landowner is – provides the basis of friluftslivet (outdoor life), seen as foundational to the mountainous country’s culture.
Continue reading...Mobico also reports 24% increase in half-year profits to £71.2m as group tries to reduce £1.2bn debt
The owner of National Express has revealed it has begun the sale of its North American school bus business in an effort to reduce its £1.2bn debt, sending its shares sharply higher.
The share price of Mobico, which changed its name from National Express Group in June 2023, jumped by more than 20% after markets opened on Wednesday, before settling at 14% up at 66p by mid-morning.
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