Tag Archives: funding

Government announces local tourist board funding review | News

Government announces local tourist board funding review | News

The government has announced a review to assess how destination management organisations across England are funded and structured. The investigation will examine how they perform their roles in order to establish whether there may be a more efficient and effective model for supporting tourism at the regional level. If so, the review will make recommendations […]

TUI Group secures a further €1.8 billion in emergency funding | News

TUI Group secures a further €1.8 billion in emergency funding | News

Holiday giant TUI has reached an agreement with various partners on a further financial rescue package of €1.8 billion. The deal includes the German Economic Support Fund (WSF), KfW Entwicklungsbank (KfW), commercial banks and the company’s largest single shareholder Unifirm. TUI said it was taking further precautions in view of the rising number of infections […]

Norwegian cuts 1,600 jobs as government rejects funding plea | News

Norwegian cuts 1,600 jobs as government rejects funding plea | News

Norwegian has furloughed a further tranche of employees and announced new reductions in capacity. The decision follows a move by the government of Norway to deny the low-cost carrier further financial support yesterday. Norwegian argues its operations are unsustainable in light of travel restrictions imposed in the wake of the Covid-19 pandemic which actively discourage […]

Sonder receives vote of confidence in latest funding round | News

Sonder receives vote of confidence in latest funding round | News

Sonder has raised US$170 million in a Series E funding round. The deal, which was led by Fidelity Funds, Westcap and Inovia Capital, values the apartment rental company at US$1.3 billion. Sonder added confirmed it also expects to raise additional capital from new and returning investors that will bring the total round to around $200 […]

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