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.

Ladbrokes Coral reports operating profits growth by 22% for 2016 The strong increase, with operating profits reaching £264.3m, follows the US$3.4bn merger of Ladbrokes and Coral last year. Revenue also saw rose 11% to £2.3bn over the course of 2016. Read more.

Jet Airways announces first of its kind strategic partnership with Uber in India The partnership will enable flyers to request an Uber when booking a ticket on the Jet Airways app and will be available to all customers flying to the 29 cities in India where Uber currently operates. Jet also plans to expand its number of flights. Read more.

Hakkasan Group and SBE Entertainment in advanced discussions over US$1bn merger Hakkasan has a global portfolio with restaurants and bars in Las Vegas, London and the Middle East. SBE is looking to establish itself as a major player in Las Vegas, and the deal would allow the group to put Hakkasan dining properties into their hotels. Read more.