Travel Markets Insider Newsletter Vol. 18 No. 15

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.

Venezuela currently owes international airlines US$3.8 billion with no end in sight to the government’s refusal to release the blocked funds. The International Air Transport Association has filed a request for anti-trust immunity with the U.S. Department of Transportation so that airlines can discuss options to maintain connectivity and resolve the payment issue. Page 1.

Congratulations to the cruise industry in Alaska, which welcomed its one millionth cruise ship visitor last Friday morning in Juneau. This is the first time in seven years that the industry reached this milestone, and follows on a 15% market loss since it last reached 1,000,000 in 2009. But now business is looking up, says CLIA Alaska. See more details on page 1.

 

MSC Cruises, meanwhile, continues to grow its business in North America and recently announced some key executive promotions to support the next phase of growth in the region. Page 1.

 

Driving home the reason that the Chinese traveler is on every company’s wish list- the World Tourism Cities Federation last week reported that tourists from mainland China spent $215 billion traveling abroad in 2015. See the top ten short-distance and long-distance travel destinations on page 2.

In more news from China, Carnival Corp.’s JV in China has signed a memorandum of agreement to order the cruise industry’s first new cruise ships built in China for the Chinese market. Read the full story on page 2.
Supply Side.
The TFWA Product showcase for Cannes is now live and can be accessed here. See more information on page 1.
Safilo signs new license agreements with Moschino & Moschino Love. Page 2.
IWSR: Scotch whisky struggles to hold on in travel retail, page 3.
Cross‘ new AK-47 pen aims to help stop gun violence, page 3.

 

Paul & Shark celebrates 40 years with Cannes Regatta and unique designer collaboration, page 3.

 

Revlon introduces three new travel exclusives at Cannes, page 4.

 

Nestle ITR and KITKAT help airport travelers to take a break, page 4.

 

Bacardi GTR sees major uplift from Leblon cacha├ža campaign in Brazil, page 4.

 

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