Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.
Travel
Russian airlines face deeper losses as Ukraine crisis hits travel
Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some analysts to expect fleet reductions and possible state support next year to cope with deepening losses.
American Airlines drops plan to add seats to regional jets
American Airlines Group Inc (AAL.O) will not add seats to the largest jets flown by its regional carriers, saying it is more important for new management to build trust with pilots than to increase revenue, Bloomberg reported.
Flybe to exit short-haul flight contract with Finnair
British carrier Flybe Group (FLYB.L) will exit its Finnish joint venture with Finnair (FIA1S.HE) after the companies failed to agree on how to increase the unit's profitability, Finnair said on Wednesday.
United Airlines in talks to buy new narrow-body planes
Chicago-based United Airlines is in talks with Embraer SA (EMBR3.SA) and Bombardier Inc (BBDb.TO) to buy new narrow-body planes, Bloomberg reported citing people familiar with the matter.
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A luxury train connecting the capitals of Hungary and Iran left Budapest for the first time on Wednesday, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars.
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.
The president of Emirates airlines [EMIRA.UL] said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus.
Italian tycoon Andrea Bonomi has written to directors of his bid target Club Mediterranee (CMIP.PA) asking for updated financial information, a letter seen by Reuters shows, in a sign he still hopes to win control of the French holiday company.
A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.
Fortress Investment Group (FIG.N) is prioritizing investments in hotels in Japan, a senior executive said on Monday, as the U.S. asset manager seeks to cash in on a government drive to boost tourism ahead of the 2020 Tokyo Olympics.
Singapore will be counting on its marquee Formula One race to help make up for a 30 percent drop in Chinese tourists this year.
American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.
The plan to save Malaysia Airlines (MAS) (MASM.KL) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.
