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Air France-KLM and Lufthansa Group submitted binding offers for TAP Air Portugal, with both bidders undertaking diplomatic efforts to emphasize non-financial commitments to the country.
Accor has set a third-quarter deadline to decide whether to take lifestyle brand Ennismore public, committing to maintain at least 51% ownership regardless of the listing structure.
Norwegian Cruise Line reported better-than-expected profitability in Q2 but faces continued booking challenges into 2027, with CEO attributing problems to internal pricing strategy mistakes.
Hyatt faces pushback over delayed hotel openings while accelerating its mid-market brand expansion through a new $500 million financing facility for Hyatt Studios projects.
MGM Resorts reports strong luxury segment performance but continued weakness in mid-range properties, with Las Vegas visitor numbers remaining below pre-decline levels.
UK summer holiday bookings have surged as travelers avoid overseas destinations due to flight concerns and European border delays, with domestic accommodations seeing significant increases across regions.
