The Travel Compensation Fund (TCF) has reported a sound financial position with reserves at $30.24 million in a summary of matters and outcomes report detailing financial and statistical information at 31 October 2011.

ExecuJet’s Australasian charter office in Sydney reports that the Rugby World Cup led to a strong demand for charter services from Sydney and Melbourne to cities in New Zealand where the games were being held.

American Express Cites Strategies and Technology Solutions to Keep Rising Corporate Costs at Bay

Acquiring Travelcorp Holdings and the etm Group earlier this year has more than doubled Corporate Travel Management’s profits for the financial year 2011.

The Australian retail travel group has more than doubled its pre-tax operating results for the year ending June this year, with a profit of up to $1.18 million compared to the corresponding year 2010.

Jetset Travelworld Group has released its preliminary financial results for the year to 30 June 2011, announcing a profit after tax of AU$19.2 million dollars, an increase of 214 per cent on the year before.

A new functionality within the Cash Passport will reduce travellers’ exposure to fraud and ensure greater compatibility with a wide range of overseas merchants.

With its after tax profits growing by 158 percent in the year to 30 June 2011 compared to the previous year, Corporate Travel Management (CTM) has high hopes for the future.

Twelve global destinations to be featured on Lonely Planet's website providing expert local travel and payment information in partnership with Visa.

Financial concerns are keeping Aussies from travelling this year, with one in three people putting off travel plans because they cannot afford it.

Travelscene American Express members have again been strongly advised to continue supporting preferred partners if they are expected to reap rewards from the associations and choosing not to do so could potentially threaten future business.

Travelzoo Australia, announced its latest figures by market researcher Telsyte, which show its ‘local deals’ business had exceeded industry benchmarks.

Shadow Minister for Tourism Bob Baldwin has described Labour’s carbon tax as a “slap in the face” to people in the Australian travel industry.

The practical details of a transition to payment platform eNett International, following the upcoming closure of rival Moneydirect, is not as concerning as the inevitable lack of competition the move will bring about, a number of retailers have said.

Rival of the closing payment platform Moneydirect, eNett International, has advised Moneydirect’s current customers (who are not already using eNett) that it will honour Moneydirect’s existing fee structure for the first 12 months.

Despite the Australian dollar falling by more than one US cent this week, the soaring currency has had no impact on boosting the Pacific’s tourism revenue, according to the ANZ’s Chief Asia Pacific Economist.

1st Fleet announced that it sold it online brochure site Brochureflow this week, moving its products and staff to Toll Fast.

MasterCard Incorporated announced that it has completed its acquisition of the prepaid Card Program Management (CPM) operations of Travelex, at the terms previously announced.

Despite market uncertainties after recent natural disasters, Webjet has reported a 14 percent increase in total transaction value for the third quarter ending 31 March.

Expedia has released plans to split its group into two, with TripAdvisor launching into its own traded company.

Visa Inc. announced significant improvements to its security capabilities which will dramatically improve its ability to detect and prevent global electronic payments fraud.

American Express Global Business Travel announces a new traveler information enhancement to its leading compliance tool Pre-Trip Auditor.

Two-thirds of Australian travellers enjoy their vacations more when they know they have scored a great deal, a recent survey has revealed.