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Author: paul

Travel storms the rich list

THE barons of Australia’s travel industry have surged up the 2018 Rich List, increasing both their wealth and their rankings among the country’s top millionaires. Compiled by the Australian Financial Review, this year’s list is again topped by billionaires like Anthony Pratt, Harry Triguboff and Gina Rinehart, but includes a wealthier contingent of travel identities as the sector continues to outperform the rest of the national economy. This year’s top travel mogul is Consolidated Travel Group ceo Spiros Alysandratos, who has stormed up the list from position 118 last year to become Australia’s 83rd richest person. In the past...

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Airlines slam monopolies

AUSTRALIA’S airlines have slammed the “excessive profits” of the country’s privatised airports and called for greater government regulation to curb their monopoly powers. Airlines for Australia and New Zealand (A4ANZ) yesterday released a report on the performance of the country’s airports since privatisation, in which the group blames “light-handed regulation” for high costs and profits that are in some cases more than double those of other airports overseas. “Australian passengers and our economy are paying the price of airport privatisation in the absence of appropriate constraints on monopoly power,” the report says. “Moreeffective regulatory pressure is required to prevent...

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Airport’s growth ‘tailwind’

SYDNEY Airport’s new ceo Geoff Culbert has outlined the “huge macro tailwind” supporting his business as the world’s rapidly rising population looks to international travel. In his first major address since taking over from predecessor Kerrie Mather four months ago, Culbert today told the airport’s AGM of the surging passenger numbers experienced in 2017 – up 3.6% over 2016 to 43 million, including an additional million international travellers. He said the solid passenger growth was a key factor in the airport’s rising revenues – which were up 8.7% to $1.48 billion last year – and suggested even greater prosperity...

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Industry nuts for donuts

THE travel industry has confirmed its keen interest in sugary treats with the huge number of entries that Travel Daily has received for the “Win your morning tea” competition (see below). Our inbox has been inundated with creative entries to the competition, which is celebrating the upcoming International Donut Day on Fri 01 Jun. There’s still time to go in the running for a tasty treat by sending us an original ditty (song or poem) on the theme of donuts by next Wed (30 May). In order to get your creative juices flowing, here are some of the ditties...

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Silversea flight deal

SILVERSEA is offering free flights or Business class upgrades for $1,999 per person with its 2018/19 Asia sailings, with more than 20 departures available. Packages including flights, shore excursions, transfers and a pre-cruise hotel night are on offer for bookings made before 31 May – for details see the cover page. Source: Travel...

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