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Reports suggest that Thomas Cook could be put up for sale by the Chinese company, which revived the brand after it collapsed in 2019.
Travel firms are facing higher costs and lower consumer spending as UK inflation hits 11%, while Disney is putting up prices at its flagship theme park in Florida.
Elsewhere, Virgin Atlantic suspended its gender-neutral uniform policy on its flight taking the England World Cup squad to Qatar. In other news, Manchester has been named as one of the top city destinations for 2023.
Here are the headlines that the travel industry woke up to on Wednesday (16 November).
Thomas Cook’s Chinese owner in talks to sell stake in holiday brand
The Chinese owner of Thomas Cook is exploring the sale of a stake in the British holiday brand three years after its infamous collapse. Fosun is reported to be examining options for the revived online travel agency, including raising capital from an outside investor or even an outright sale. (Sky News)
Travel firms face higher costs as inflation hits 11%
Inflation in the UK reached 11.1% in the 12 months to October, according to the latest official figures released on Wednesday (16 November), as travel businesses faced a combination of higher energy bills and a reduction in consumer spending. (Various)
Virgin Atlantic suspends gender-neutral uniform policy for England World Cup flight
Virgin Atlantic suspended its policy allowing crew to choose gender-neutral uniforms on its flight taking England’s World Cup football squad to Qatar. The airline said the decision was made to "ensure the safety of our people" after considering "laws and attitudes towards the LGBTQ+ community and expressions of identity" in the country. (BBC News)
Disney World increases ticket prices for second time in a year
Walt Disney World in Florida is raising its prices for a second time during 2022. The company said the increase in the theme park’s prices was driven by continued strong demand from visitors and the “significant investment” in Disney’s theme parks over recent years. (CNN)
Lonely Planet picks Manchester as top travel destination for 2023
Guidebook Lonely Planet has chosen Manchester as one of its must-visit destinations for 2023, the only UK city to make the publication’s annual Best in Travel list, which also includes Sydney, Lima, Montevideo, Marseille and Dresden. (The Guardian)
