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Click. daily update: WOW Air ceases operations

Each day, we curate a bite-sized round-up of the best industry news from across the world. We search the web for the latest hospitality updates and travel trends, so you don’t have to. Get comfortable with a coffee and tuck in to our daily must-reads

by Nicola Donovan, Click. Travel Writer, Booking.com

Topic: News

Click. Takeaway

Here are four of today’s most interesting reads to keep you in-the-know

1. WOW Air ceases operations

WOW Air has cancelled all flights and ceased operations after failing to reach an agreement with investors. All 29 of the budget airline’s flights scheduled for today were cancelled and 2,700 passengers were left in limbo. Along with Icelandair, WOW has played a key role in Iceland’s decade-long boom in tourism, carrying 3.5 million passengers last year alone.

Source: www.bloomberg.com

2. GIC buys 25% stake in hotel chain citizenM

Singapore’s sovereign wealth fund GIC has bought a 25% stake in hotel chain citizenM. While the value of GIC’s purchase hasn’t been revealed, the investment takes citizenM’s enterprise value to €2bn. GIC will become citizenM’s third investor, alongside KRC and APG. The trio have already committed to investing another €750m for future expansion.

Source: www.hotelnewsnow.com

3. New Zealand introduces new travel requirements

In a bid to strengthen border security, New Zealand’s immigration bureau will implement a new tourism entry approval process that involves an Electronic Travel Authority (ETA) form as well as a new tax named the International Visitor Conservation and Tourism Levy (IVL). The new requirements will take effect on 1 October and travellers from 60 countries that are currently in the country’s visa waiver scheme will be required to apply.

Source: www.traveldailymedia.com

4. Equinox Hotels starts taking reservations

Fitness company Equinox has begun taking online reservations for its first hotel which is scheduled to open this June. One of the hotel’s most notable amenities will be its 60,000-square-foot Equinox Fitness Club, the brand’s largest facility. Guests can opt for group fitness classes, private pilates and personal training services, among other programming during their stay.

Source: www.travelweekly.com

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Nicola Donovan is a travel writer for Click.

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