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City and finance

Is 2024 the year to sell your business?
After the unprecedented Covid upheaval gave rise to a stellar 2023, has there ever been a better time to sell up disappear off into the sunset? Gary Noakes assesses the M&A landscape in travel
Club Med hails €93m UK source market an 'increasingly key' contributor
Global resort specialist reveals UK business volumes grew 17% year-on-year in 2023, and by 30% compared with pre-pandemic levels
InteleTravel celebrates second-best month since UK launch
InteleTravel’s February revenue was up by 47% compared with last year’s levels
Heathrow predicts busiest-ever year after record February
Some 5.8 million people travelled through Heathrow last month, including more than two million during half-term
Budget 2024: everything agents need to know
Chancellor Jeremy Hunt raises premium Air Passenger Duty rate but cuts National Insurance contributions
Abta: Jury out on whether Budget will create a new 'feelgood factor'
Chief executive Mark Tanzer said that while travel and tourism had flourished in recent years despite the tough economic environment, it remained to be seen whether the chancellor’s tinkering would have a positive impact for travel
'Missed opportunity': Travel lukewarm on chancellor's spring Budget
Industry reacts to chancellor’s move to hike APD on business travel and cut National Insurance
Southend airport resolves ownership battle in deal with backers
Southend airport’s owner Esken says it has avoided a court battle it cannot afford after sealing a deal with backers that will see its stake dip to a minority holding
Foreign travel topping consumers' spending list – Barclays
Bank’s latest consumer spend report makes for encouraging reading for travel agents, with consumers willing to prioritise holidays over other discretionary purchases
JetBlue admits defeat in quest to merge with Spirit Airlines
JetBlue has formally withdrawn its application to merge with rival budget carrier Spirit Airlines after a judge ruled plans were anti-competitive
‘Significant stake’ in AmaWaterways sold to US private equity firm
The river line’s founders will retain ‘meaningful ownership’ of the company despite the investment by L Catterton
London-based travel agency ceases trading as Atol holder
Trivoyage Travel, which was licensed under a franchise arrangement with Protected Trust Services, has been struck off
‘Travel's voice has been heard, but don't expect too much from Wednesday's Budget’
Abta’s director of public affairs, Luke Petherbridge, looks ahead to Wednesday’s Budget – the last before a general election
Advantage members seek help with Covid debts and high interest rates in spring Budget
Nearly half of Advantage members are still servicing Covid-19 debts, while just shy of a third said high interest rates were impacting their businesses
IAG sets out timetable for British Airways’ return to pre-Covid capacity
Group reveals plans to hike capacity by 7% this year off the back of record operating profit
Norse Atlantic reveals first-year financial woes in 2023 figures
New transatlantic carrier reveals figures from its first full year of operation in 2023 results
Fred Holidays clarifies American Queen situation following agent queries
Fred Holidays says its UK GSA role for American Cruise Lines continues as normal after American Queen Voyages ceased operations
Data confirms solid January travel sales as spend hits £428m
Nationwide’s Spending Report reveals significant upturn in January holiday and airline sales
Heathrow reveals it hasn't given up on expansion as it returns to profit
Heathrow airport chiefs indicate they haven’t given up on plans for a third runway and another terminal
American Queen Voyages suspends operations and ceases trading
US river line said despite the best efforts of its team, crew and partners, it had not been able to rebound from the effects of the pandemic
Southend airport owners in battle for control with investors
Corporate battle begins between owners and investors of Southend airport that could see control change hands
What does the Tui of the future look like?
Tui, led by chief Sebastian Ebel, has this week laid out its plans to extend its horizons into new markets – while also catching back up with Jet2 and fighting off easyJet holidays
Package bookings up by nearly 10% over Christmas and new year period
Package holiday providers reported a 7% increase in transaction volumes in the four weeks to 10 January
Jet2 bullish about 2024 as it issues upbeat profit forecast
Airline and operator confident of achieving and surpassing previous profit estimates due to encouraging package sales