Lufthansa Group said that it will buy another 49 percent of ITA Airways. This will raise its stake in Italy’s flag carrier from 41 percent to 90 percent. The deal is worth €325 million ($382 million) and is expected to close in the first quarter of 2027 if regulators approve it. Italy’s Ministry
Canada’s hospitality industry is busy again, but its recovery is still not fully stable. A new report from The Staffing Agency says the sector generated $104 billion in spending in 2025, while employment rose above pre-pandemic levels. However, many hotels and restaurants are still struggling to
OpenAI launched the OpenAI Deployment Company, with more than $4 billion in initial investment. The new business will help companies turn AI ideas into working systems that can be used in daily operations. OpenAI will keep majority ownership and control of the company. OpenAI also agreed to
US airfares rose 20.7 percent year over year in April, according to Consumer Price Index data released by the US Bureau of Labor Statistics. Fares also increased 2.8 percent from March to April after seasonal adjustment. This was the fourth straight month of seasonally adjusted airfare growth.
TikTok launched TikTok Go in the US, giving users aged 18 and older a way to book hotels, tours, attractions, and travel experiences from videos inside the app. The feature launches with Booking.com, Expedia, Trip.com, Viator, GetYourGuide, and Tiqets as partners. TikTok wants to turn travel
United Airlines flight attendants approved a new five-year labor contract, ending years of difficult negotiations. The deal covers nearly 30,000 flight attendants represented by the Association of Flight Attendants-CWA. It was approved by 82 percent of voting members. The agreement gives flight
Aareal Bank has arranged a €406 million financing package for Swedish hotel property company Pandox AB, supporting a 13-hotel pan-European portfolio in key cities including Amsterdam, Vienna, Brussels, Munich, Hamburg, Frankfurt, Cologne, and Salzburg. Portfolio background: Long-term partnership
American health authorities have launched a large-scale quarantine and monitoring operation after passengers exposed during the MV Hondius hantavirus outbreak were repatriated to the United States, marking one of the country’s most closely watched infectious-disease containment responses since the
MSC Cruises has officially introduced a new AI-powered digital assistant called “MSC Concierge,” marking the company’s largest technology-driven guest service expansion to date. Integrated into the cruise line’s existing MSC for Me mobile platform, the new concierge allows passengers to manage
Riyadh Air has applied for permission to operate flights to the US, moving closer to its long-haul growth plan. The airline filed with the US Department of Transportation on May 5, 2026, seeking approval to carry passengers, cargo, and mail between Saudi Arabia and the US. The filing covers
Egypt and Morocco are leading Africa’s hotel development boom, with Egypt far ahead of every other market. W Hospitality Group’s 2026 report shows 675 hotels and resorts with 123,846 rooms in development across Africa. That is an 18.6 percent increase from last year, making the continent’s hotel
Expedia Group may be considering a deal with CarTrawler, the Dublin-based travel technology company focused on car rental, ground transport, and travel insurance. CarTrawler executives, owner TowerBrook Capital Partners, Expedia Group, and Evercore met last week at CarTrawler’s Dublin