Abercrombie & Kent Travel News

Major Transactions Increase Inventory in Key Destinations

New Name Creates Master Brand and Allows for More Product Offerings in Future

NEW YORK, March 26 /PRNewswire/ -- The U.S. war with Iraq has created a great deal of uncertainty for those who have travel plans. A recent survey however finds encouraging news.

The Third Global Travel & Tourism Summit takes place May 15-17 at the 5-star Marinotel in Vilamoura, Algarve. The important conference is hosted by the Portuguese Government through ICEP Portugal, RTA - Algarve Tourism Board and Lusotur SA. Sponsors include TAP Air Portugal, American Express Company, and Insignia Hotels, with participation by over 100 leading international travel and tourism companies.

March 17, 2003 | After the Internet bubble burst, pundits hurled plenty of dot-bomb epithets at Brent Hoberman. None of it fazed the energetic, 34-year-old chief executive and co-founder of London online travel service Lastminute.com PLC. Sure, the stock cratered, plunging 97% from its $8.77 peak on Mar. 14, 2000, the date of its initial public offering, to a nadir of 25 cents on Sept. 19, 2001. But Hoberman never gave up his dream of building Europe's largest e-travel business -- and never dropped the dot-com suffix. "The best motivation for our staff was to see new sales records every day," he says. "Any pessimism was wiped out by that."

Report Predicts Massive Economic Damage