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Month: June 2018

TourRadar $50m injection

AUSTRALIAN brothers Travis and Shawn Pittman have secured a further US$50 million investment in their online touring platform TourRadar, paving the way for further expansion. The injection has been led by technology capital provider TCV – a backer of “growth-stage” companies like Airbnb, Expedia and Netflix – as well as existing investors Cherry Ventures, Endeit Capital, Hoxton Ventures and Speedinvest. Under the deal TCV venture partner Erik Blachford will join the company’s supervisory board. “The experience and knowledge in the online travel sector that Erik Blachford and TCV bring to the table is exactly what we were looking for...

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Billionaires boost wealth

US BUSINESS magazine Forbes has published its 2018 list of the world’s wealthiest billionaires, with several appearances made by high-profile figures from the travel and cruise, hotel and aviation industries. Micky Arison, former ceo and chairman of Carnival Corporation, has a net wealth of US$9.7 billion, while husband and wife team Gianluigi & Rafaela Aponte, owners of MSC Cruises, have amassed a US$9.3 billion fortune. Michael Kadoorie, chairman of Hong Kong & Shanghai Hotels, has US$7.3 billion in wealth coming courtesy of luxury hotel brands including Shangri-La. A cluster of airline entrepreneurs make the list including Virgin founder Richard...

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New RCL head steps in

RCL Cruises now has a new vice president and managing director, Australia and New Zealand, with Susan Bonner officially stepping into the role. It was initially announced in Feb that Bonner would relocate to Sydney to replace Adam Armstrong, who would step down in Aug (TD 27 Feb), but the cruise line has today confirmed she has taken the reins. Last month Silversea Cruises revealed Armstrong would head the luxury line in Australasia from Aug (TD 04 May). Bonner is responsible for the business operations of Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises in the region, reporting...

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Speeding through China

ABERCROMBIE & Kent (A&K) is capitalising on China’s rapidly expanding network of high-speed trains to deliver travellers to new and remote areas of the country, according to the company’s visiting China specialist and director Gerald Hatherly. With China continuing to experience growth in Aussie travellers, Hatherly told TD the modern rail network was providing new alternatives for high-end travellers. “Australians are good travellers, they are willing go beyond the superficial,” he said. Travelling at speeds of up to 350km/h, China’s bullet trains enable visitors to escape to more established destinations like Shanghai and Beijing to access culturally preserved locations...

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One&Only Xmas

ONE&ONLY Wolgan Valley in the Greater Blue Mountains is offering special Christmas in Jul Yulefest rates for travellers looking for a cozy winter getaway. Rates include accommodation for two, degustation and select nature activities, see page nine. Source: Travel...

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