Speculation is growing that resort chain Club Med could be put up for sale by its current Chinese owner Fosun as a part of a strategic review.
Elsewhere, travel businesses are nervously waiting to find out how they are affected by chancellor Jeremy Hunt’s mini-budget later this week.
Here are the headlines that the travel industry woke up to on Tuesday (15 November).
Foreign secretary plans to travel to Qatar for World Cup
Foreign secretary James Cleverly has confirmed that he will be travelling to Qatar for the World Cup, which starts at the weekend. Cleverly said he would go to the tournament to help ensure travelling British fans “remain safe”. He added that LGBTQ fans should not protest while in Qatar. (Various)
Club Med’s Chinese owner considers sale of resort chain
Chinese conglomerate Fosun is “weighing” its strategic options for all-inclusive resort operator Club Med and is reported to be informally fielding interest from potential buyers, with a possible sale raising up to $1.5 billion. (Bloomberg)
Hunt’s plans could send businesses into ‘hibernation’
Businesses could go into “hibernation” in a “decade of no growth”, unless chancellor Jeremy Hunt matches tax rises in this week’s mini-budget with moves to relax rules on immigration, planning and regulations, according to a leading business group. (The Independent)
BA passengers vent anger as faulty curtain grounds flight
Passengers were left fuming after a British Airways flight from Seville to Gatwick was delayed for around 90 minutes due to a fault with a curtain separating business class and economy travellers. (Evening Standard)
Crackdown on short-term holiday lets in Jersey planned
Jersey is planning to crack down on properties being used as short-term holiday lets without the correct permission. The Channel Island’s government says it is concerned at the number of homes being advertised for short-term holiday lets when there is a shortage of affordable housing. (BBC News)