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Travel Segment News

07 Apr 2021

Saga Posts Surprise Profit Amid Cruise Shutdown

Saga on Wednesday reported a stronger than expected annual profit, sending its shares sharply higher, as lower motor insurance payouts during lockdowns offset losses in its over-50s tour and cruise operations.The British company, hit hard last year by a shutdown of cruises globally and collapse of other travel, said it was ready to resume its tour and cruise businesses this year after suspending them in March 2020, with timing subject to government restrictions.“Customer demand remains strong, with evidence of significant pent-up demand from customers ready to travel,” Saga said.Saga’s shares jumped nearly 10% to 3.81 pounds by 1010 GMT.Saga plans to launch its Spirit of Discovery cruise at the end of June…

20 Jan 2020

GMT Invests in Argo Travel Group

Global Marine Travel, a Florida-based travel management company to the maritime industry, has partnered with the Greek travel firm Argo Travel Group to enhance its travel offering, particularly in terms of service delivery and driving growth in the Greek and international markets."In Argo, Global Marine Travel, gains a marine partner with an experienced team and a strong reputation for service delivery, that will drive the growth of the business in Greece and other international locations," said a press note from GMT.GMT will benefit from access to a Greek IATA license and local marine fares, thereby increasing travel service options for its customers in this key region.

16 Oct 2014

Record Cruise Ship Arrivals at Gothenburg

Cruise tourism set a new record in Gothenburg this year. From April to October, 73 cruise ships visited Gothenburg, carrying 110,000 visitors. In total, cruise tourism generated around SEK 60 million in pure tourist revenue for the city. Cruising is the most rapidly growing travel segment in the world and this is definitely noticeable in Gothenburg. This year, 73 ships, carrying 110,000 cruise travellers, visited the city. Jill Söderwall, Head of Cruise Operations at the Port of Gothenburg, said: "This is an all-time high. Never before have we had so many calls. The peak was in May when we had seven calls and 12,500 guests in just two days.