TravelInnovation

Virgin Group Sets Ambitious Goal to Raise $700 Million for Eurostar Rival Initiative

1 month ago

In a bold move, Virgin Group is looking to secure $700 million in funding to establish a new rail service aimed at competing with Eurostar, the well-known high-speed train service linking the UK with continental Europe. The initiative marks Virgin's continuing push into the transportation sector as it seeks to diversify its portfolio and capitalize on the growing demand for efficient and environmentally friendly travel options.

Klook Secures $100 Million in Funding to Cater to Millennial and Gen Z Travelers

2 months ago

In a significant boost for the travel and tourism sector, Klook, the well-known travel service platform, has successfully raised $100 million in a recent funding round. This investment marks a pivotal moment as Klook aims to advance its offerings specifically targeting Millennial and Generation Z travelers, who have increasingly different expectations and preferences when it comes to travel experiences.

China's New Initiative: Silver Trains to Boost Travel Among Seniors

2 months ago

In a groundbreaking move aimed at encouraging domestic travel among the aging population, China has unveiled plans to introduce a fleet of specially designed "silver trains." This initiative responds to the country's increasing number of senior citizens, particularly those from the post-war baby boomer generation, who are keen to explore their nation but require more comfortable travel options.

Lufthansa Expands Its Horizons: Acquires Stake in Latvia's AirBaltic Ahead of IPO

3 months ago

In a significant move set to reshape the aviation landscape in the Baltic region, Lufthansa Group has announced its decision to acquire a minority stake in Latvia's national airline, AirBaltic. This strategic investment comes as AirBaltic prepares for an initial public offering (IPO), signaling a new era of growth and opportunity for the airline.

Virgin Galactic's Suspension of Space Tourism Flights Hits Sales Hard

5 months ago

Virgin Galactic, the pioneering space tourism company founded by Sir Richard Branson, is facing a significant setback as it announced a halt in its tourism flights. This pause has raised substantial concerns regarding its sales outlook and overall financial performance. The company reported a dramatic decline in ticket revenue, which underscores the challenges facing the fledgling industry.