Hedge funds are favoring eHi Car Services Ltd (NASDAQ:EHIC) stocks. Many hedge funds are reportedly increasing their collective stake in the China's car rental company.
Travel
Boeing to Reduce Workforce by June As Part of Cost-Cutting and Reorganization
Boeing will reduce its workforce as part of the company’s cost-cutting and reorganization effort. Although it surpassed order forecast for last year, it was offset by a huge drop in new orders. Clients would not want to wait for several years before their orders get delivered.
Regency Hotel's loss rises to €217k after gangland murder, claims for indemnity
After the killing of David Byrne in a shootout at Dublin's Regency Hotel, it's reeling under severe pressure as losses amounted to €217,000. Regency Hotel has applied for indemnity to its insuring company Aviva for over €217,000.
China's consumers spending rise on spas, travel, entertainment
Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.
Samsonite Sales Reach Record at £1.6 billion With £136 million Profit as China Sales Soar
Samsonite saw strong sales in Asia, particularly China, in 2015. The company is not sure about 2016 outlook due to potential challenges, as it moves forward to boost presence in Asian markets.
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South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.
Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.
Based on a report from defense and aerospace consulting firm there was a huge increase for investment in space travel during 2015. Space startup investment in last year were accounted two-third of the 15 years in total.
Richard Branson's Virgin Galactic venture unveiled a new passenger spacecraft on Friday, nearly 16 months after a fatal accident destroyed its sister ship during a test flight over California's Mojave Desert.
Canadian company GuestLogix Inc has received court approval for implementing sale and investment solicitation process (SISP). Canaccord Gunuity Corp will be financial advisor to the company under the SISP. The bidding process is being executed in a phased manner.
Space propulsion startup Accion Systems has announced that it would start receiving orders for micro-propulsion systems, it's selling miniature electrospray ion engines. Accion Systems has developed micro-propulsion systems for CubeSats and other small satellites.
The travel industry intelligence platform in a podcast reveal the condition of startup and venture capital funding in travel industry. Two industry experts are present in the podcast.
Airbus Group wins the contract for the Philippine Airlines' new aircraft order worth $1.8 billion. The Southeast Asian carrier is looking forward to carry passengers to New York and U.S. West coast.
Aircraft manufacturers are expecting the market in South East Asia to grow. Ahead of Singapore Air Show this week, competition between low-cost carriers in the region also become the concern.
