Business Tourism

Butterfly Equity to Purchase Qdoba

Butterfly Equity to Purchase Qdoba

Butterfly Equity, a Beverly Hills-based private equity firm specializing in the food sector, has entered into a definitive agreement with funds managed by Apollo Global Management to acquire Qdoba. Qdoba, which is based in San Diego, is a Mexican fast-casual restaurant chain that has expanded through franchised locations. Alternative asset manager King Street Capital Management …

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QHA discusses cooperation with Arab Tourism Organization

QHA discusses cooperation with Arab Tourism Organization

Chairman of Qatar Hotels Association Sheikh Faisal bin Qassim Al Thani with President of the Arab Tourism Organization Dr. Bandar bin Fahd Al Fahid and other officials during a meeting. Doha: Chairman of Qatar Hotels Association (QHA) Sheikh Faisal bin Qassim Al Thani headed a meeting with President of the Arab Tourism Organization Dr. Bandar …

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Less than sunny: ABQ travel company’s challenges keep evolving

Less than sunny: ABQ travel company’s challenges keep evolving

Sun Tours former owner and consultant Frank Fine, left, and current owner Eric Rosenberg as seen at the Albuquerque-based tourism company, which continues to struggle post-pandemic. (Adolphe Pierre-Louis/Journal) Sun Tours Tour coordinator Maria Navrotskaya books an airline ticket for a client. (Adolphe Pierre-Louis/Journal) Sun Tours travelers at Wadi Rum, Jordan. (Courtesy of Frank Fine) Sun …

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Asia’s best currency driven by tourists pouring into Thailand

Asia’s best currency driven by tourists pouring into Thailand

SEOUL (BLOOMBERG) – Thailand’s baht has rebounded so rapidly in the past few weeks on optimism about the country’s tourism-led growth that it’s already hit year-end analyst targets. The currency has jumped 4.6 per cent to around 35.3 per US dollar this month, leading gains in Asia by a wide margin. In addition to rising …

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Frasco optimistic of Philippines tourism resurgence, lauds Cebu tourism success

Frasco optimistic of Philippines tourism resurgence, lauds Cebu tourism success

The Philippine tourism industry will recoup its losses and revert to pre-pandemic level in the next three years. Cebu City, Philippines — Tourism Secretary Christina Garcia Frasco is optimistic that the Philippine tourism industry will have a resurgence under the vision set forth by President Ferdinand Marcos, Jr. of strengthening the tourism industry through institutional …

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Uber report claims .2 billion impact to economy: Does this stack up?

Uber report claims $1.2 billion impact to economy: Does this stack up?

business Aug 14, 2022 05:00 PM4 minutes to read Uber Eats users say food delivery apps had made it easier to discover new restaurants. Photo / Michael Craig A new report conducted by Uber estimates that the ridesharing giant contributed $1.2 billion to the New Zealand economy last year. The San Francisco-based company says that …

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Türkiye touts better-than-expected tourist flows from Russia, Europe

Türkiye touts better-than-expected tourist flows from Russia, Europe

The number of tourists pouring in from Russia and European markets is rising at a faster-than-expected pace, prompting Türkiye’s seasonal expectations to be revised upward, according to industry officials. Encouraged by flows in the first half of the year and soaring earnings, Türkiye last month lifted its targets to $37 billion in tourism revenues and …

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Cheap €0.99 flight deals belong in the past, but travel elitism presents a grim future for tourism

Cheap €0.99 flight deals belong in the past, but travel elitism presents a grim future for tourism

Will you miss the era of bargain basement flight prices that Michael O’Leary, chief executive of Ryanair, says will be on pause for “the next number of years”? If so, you could be accused of careless consumerism, more concerned with your right to a cheap foreign holiday than its impact on the planet. Flight deals …

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