American Express Global Business Travel agrees to acquire Egencia from Expedia Group

American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group’s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT.

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The deal would bring Egencia, a leading digital travel management company, into the GBT family. GBT would continue to invest in the Egencia brand, its people and technology, as part of the world’s leading business travel platform.

Paul Abbott, GBT’s CEO, said: “Our strategy is to provide customers with

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Trump Hotels are dropped by the high-end travel group Virtuoso.

Virtuoso, a global network of luxury travel advisers, has dropped Trump Hotels from its list of hotel partners and will no longer offer the 10 hotels that operate under the Trump brand as an option to its high-end clients.

Virtuoso is widely considered one of the luxury travel industry’s biggest players, with a global network of more than 1,100 agencies comprising some 22,000 advisers in 50 countries.

Virtuoso advisers typically work with wealthy clients looking for all the hallmarks of upscale trips, from luxury hotels to personalized tours and experiences.

The network’s list of hotel partners is vetted and evaluated

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KZN’s Luxury Fairmont Zimbali rescued by hotel group after nearly going under

By Lee Rondganger Mar 19, 2021

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Durban – The luxury Fairmont Zimbali Hotel, one of KwaZulu-Natal’s iconic coast hotel that was forced into administration following the devastating blow South Africa’s hard Covid-19 lockdown caused on its business has been rescued.

According to a report, the Capital Hotels Group has reached an agreement with the Fairmont Zimbali Hotel’s Business Rescue Practitioner, Pierre Berrange, to buy the property in a R240 million deal.

The hotel, built on the picturesque Ballito coastline and overlooking the Indian Ocean was forced to retrench 220 staff

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Capital Hotels Group in Fairmont Zimbali business rescue coup

The Capital Hotels & Apartments Group, founded by hospitality industry entrepreneur Marc Wachsberger, has emerged as the preferred bidder for the five-star Fairmont Zimbali Hotel that was placed into business rescue last year amid the Covid-19 economic crunch.

Wachsberger confirmed exclusively to Moneyweb on Thursday that his group has reached an agreement with Fairmont Zimbali Hotel’s Business Rescue Practitioner (BRP) to buy the property in a R240 million deal.


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Marc Wachsberger looks to capitalise

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Pamplin Media Group – Summer school, education could get a pile of cash in budget bill

Legislative panel packs a lot into a routine budget rebalancing bill, including wildfire and addiction recovery funds.

Oregon lawmakers are poised to approve $250 million for summer school programs, plus money for wildfire recovery and a shift of some marijuana taxes to addiction recovery centers under a voter-approved ballot measure.

All of these changes, and more, are attached to budget-rebalancing legislation that cleared the Legislature’s joint budget committee on Friday, March 19, and headed to votes of the House and Senate in the coming week. This legislation is usually routine before the two-year state budget cycle closes on June 30.

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Travel Leader EF Go Ahead Tours Opens Tour Dates Through 2023 and Sets Private Group Tour Threshold to Seven Travelers, Lowest in Industry

BOSTON, Feb. 4, 2021 /PRNewswire/ — In response to strong consumer demand and new travel preferences emerging from the Covid-19 pandemic, EF Go Ahead Tours (GAT), a premier provider of culturally immersive travel experiences, announces significant flexibility, experiential, and value enhancements to its portfolio of travel offerings.

“Since the announcement of the vaccine this past November, we’ve seen a 30% increase in new reservations for future 2022 travel over the previous quarter,” says Heidi Durflinger, President of EF Go Ahead Tours. “Whether you’re looking forward to traveling this year, next year or in 2023, this allows you to plan

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