Thomas Cook reports 10% rise in Summer bookings year-on-year The growth is driven by strong demand for the holiday company's Turkish, Greek and Egyptian offerings. CEO Peter Frankhauser noted that customer demand for holidays abroad is returning after a difficult and turbulent 2015. Read more.
Hostelworld reports revenue of €80.5m for 2016 The results are strong in the face of current pressures on the travel industry, and Hostelworld shares rose by 6.29% after the announcement. The financial announcement marks the businesses' first full-year as a publicly listed company. Read more.
Marriot International plans up to 300,000 room expansion in 3 years The world's largest hotel company is focusing on growing its legacy select-service brands after the acquisition of Starwood last September. Marriott also announced investments in its PlacePass service in order to better cater to loyalty customers. Read more.