Advances in Travel Philanthropy

Total Page:16

File Type:pdf, Size:1020Kb

Advances in Travel Philanthropy Advances in Travel Philanthropy Raising money through the travel and tourism industry for charitable purposes WTM Responsible Tourism Day Report 2 2009 This report was produced for the WTM World Responsible Tourism Day by Harold Goodwin & Lucy McCombes of the ICRT1 & Claudia Eckardt of Cinnamon 2 Consulting Commissioned by the World Travel Market, this report examines the status of travel philanthropy, and contributes to the understanding and knowledge of this diverse and rapidly growing activity. The report draws on an online survey conducted by Cinnamon Tourism Consulting Ltd; and internet based desk research and telephone interviews with key informants. 1 International Centre for Responsible Tourism, at Leeds Metropolitan University 2 Cinnamon Tourism Consulting Ltd. Contents Page 1 Executive Summary ................................................................................4 1.1 What is Travel Philanthropy?................................................................................... 4 1.2 Diversity and Opportunity ....................................................................................... 5 1.3 Pitfalls ...................................................................................................................... 5 1.4 Limitations of the Report ......................................................................................... 6 1.5 Recommendations.................................................................................................... 6 1.5.1 Engaging Staff and Clients .................................................................................. 6 1.5.2 Identifying Initiatives........................................................................................... 6 1.5.3 Transparency........................................................................................................ 7 1.5.4 Managing Donations............................................................................................ 7 1.5.5 Reporting ............................................................................................................. 8 2 Discussion ...............................................................................................9 2.1 Introduction.............................................................................................................. 9 2.2 What is Travel Philanthropy?................................................................................. 11 2.3 Why Engage in Travel Philanthropy?.................................................................... 11 2.4 Is there Anything Special about Travel Philanthropy? .......................................... 13 2.5 What is the Scale of Travel Philanthropy?............................................................. 15 2.5.1 Thomas Cook..................................................................................................... 17 2.5.2 TUI Travel ......................................................................................................... 18 2.6 Challenges.............................................................................................................. 18 2.6.1 Voyeurism ......................................................................................................... 18 2.6.2 Restricted and unrestricted funds....................................................................... 19 2.6.3 Gift Aid and other donation tax relief................................................................ 19 2.6.4 The Challenge of Climate Change..................................................................... 20 3 Case Studies..........................................................................................21 3.1 The Traveller’s Journey: Communicating the Message......................................... 21 3.1.1 High Street Travel Agents ................................................................................. 21 3.1.2 Brochure & marketing ....................................................................................... 21 3.1.3 Booking ............................................................................................................. 22 3.1.4 Tickets and Joining Instructions ........................................................................ 22 3.1.5 The Journey to the Destination .......................................................................... 23 3.1.6 The Experience in the Destination..................................................................... 26 3.1.7 Resorts, Hotels and Accommodation Providers ................................................ 28 3.1.8 Returning and Post Trip Donations ................................................................... 29 3.2 Integrated Approaches ........................................................................................... 29 3.2.1 Bushtracks USA................................................................................................. 30 3.2.2 Saga Holidays .................................................................................................... 30 3.2.3 Exodus ............................................................................................................... 30 3.2.4 Explore............................................................................................................... 31 3.3 Foundations............................................................................................................ 33 3.3.1 &BEYOND........................................................................................................ 34 3.3.2 Grootbos ............................................................................................................ 35 3.3.3 Intrepid Travel ................................................................................................... 35 3.3.4 Saga Charitable Trust ........................................................................................ 36 3.3.5 The Tribes Foundation....................................................................................... 37 3.3.6 The Adventure Company................................................................................... 38 3.3.7 The Travel Foundation ...................................................................................... 38 3.4 Intermediaries......................................................................................................... 40 3.4.1 Generosity in Action USA................................................................................. 40 3.4.2 TravelPledge UK ............................................................................................... 41 3.4.3 Sustainable Travel International USA ............................................................... 43 3.4.4 CREST USA...................................................................................................... 44 3.4.5 Futouris.............................................................................................................. 44 3.4.6 The Footprints Network Australia ..................................................................... 45 3.5 Charity Begins at Home......................................................................................... 45 3.5.1 Thomas Cook & Cancer Charities..................................................................... 46 3.5.2 The Thomas Cook Children's Charity ............................................................... 46 2 3.5.3 Family Holiday Association .............................................................................. 48 3.6 Destination based Philanthropy.............................................................................. 48 3.6.1 Yorkshire Dales ................................................................................................. 49 3.6.2 Friends of the Lake District ............................................................................... 49 3.6.3 Dyer Island Cruises............................................................................................ 49 3.6.4 The Nila Foundation and Blue Yonder.............................................................. 50 3.6.5 The Butterfly Tree ............................................................................................. 50 3.6.6 Hand in Hand Trust ........................................................................................... 50 3.6.7 Greaves Travel................................................................................................... 52 3.6.8 Robin Pope Safaris ............................................................................................ 52 3.6.9 Whale Watch Kaikoura...................................................................................... 53 3.6.10 Virgin Holidays ............................................................................................. 53 3.6.11 Six Senses...................................................................................................... 53 3.6.12 Peregrine & Gecko’s The Community Trust................................................. 55 3.6.13 Fairmont Hotels and Resorts ......................................................................... 55 3.6.14 TUI UK & Ireland ......................................................................................... 56 3.7 Cause or Issue Driven Travel Philanthropy ........................................................... 56 3.7.1 Just a Drop ........................................................................................................
Recommended publications
  • UK OFFICE NOVEMBER 2010 REPORT Prepared By: Venessa Alexander UK Director
    UK OFFICE NOVEMBER 2010 REPORT Prepared by: Venessa Alexander UK Director TOUR OPERATORS The following meetings were held with tour operators at World Travel Market. Stella Travel Services Meeting held with Brian Hawe, Contracts Manager. Stella represents 2 brands, Travel 2 and Travelbag. Travel 2 sells through the trade and Travelbag sells direct to the consumer. Both have shown increases in business to the US in 2010. Room night stats for the brands combined are as follows: Room nights to end of October: Clearwater 106 room nights + 20% St Pete 173 room nights + 22% Discussed training of their retail stores and awaiting a marketing plan from Brian for co-op opportunities with Travelbag. Expedia Met with Vicki Wickens, Head of Media Solutions. Discussed bigger promotional opportunities to include Orlando Tourism and SeaWorld Parks and Entertainment. Expedia are tied in with Nectar points which are a loyalty scheme with over 11 million members. If we can provide a big enough promotion for them, they would look to include some sort of nectar tie-in. Room night stats are 4454 to end of October. THG Holidays We were advised that that recent local newspaper advertisements in conjunction with Orlando Tourism generated 35 enquiries, 5 forward bookings and 35 room nights in 2011 from direct calls. We still have another advertisement left to run in January as part of this co-op activity. Total room night stats to end of October 2010 = 320 BA Holidays Met with Kathryn Brownrigg, Destination Manager. Room night stats are very low for BA compared to the number of passengers coming off their Tampa flight with only 800 on the books to end of October 2010.
    [Show full text]
  • Annual Review
    ANNUAL REVIEW YEAR 2020 EDITORIAL TABLE OF Our product portfolio covers all THE BEGINNING OF A NEW YEAR AND A accommodation and catering areas, CONTENT including background works. Thereby, NEW ERA FOR OUR INDUSTRY our customers can outsource all interior areas to one single trusted turnkey provider. We have developed a new maintenance concept that release our customers from unnecessary hassle Looking at the prospects in the our customers with the acute problems ALMACO IN BRIEF beginning of the year, we were they were, and still are, facing. The and responsibility. In the beginning counting on a year of growth, both first step was to sit down together to of May, ALMACO launched a new product category, Health and Sanitation Our ID for the market and our company. work out new project plans and adapt Our products ALMACO had just opened a new office the scope of works, schedules, and solutions, to help our customers comply 4 in Germany and we had many large, delivery times to better correspond to to the new standards and regulations interesting projects under work and in the situation at hand. We were asked now being developed for the industry. the pipeline. But the whole world was to jump into a few projects last minute, During 2021 we will keep working on new innovations that meet both health in for a big surprise. We were rapidly where our help was needed. A few NEWS forced to recalibrate our plans, targets, projects were postponed or delayed, and sanitation, as well as environmental and short-term strategies.
    [Show full text]
  • Ujedinjena Kraljevina Profil Emitivnog Tržišta - Izdanje 2016
    UJEDINJENA KRALJEVINA PROFIL EMITIVNOG TRŽIŠTA - IZDANJE 2016. OPĆI PODACI O TRŽIŠTU Političko uređenje: Ustavna monarhija. Vladar države: Kraljica Elizabeta II. (od 6. veljače 1952.). Predsjednica vlade: Theresa May (od 13. srpnja 2016.). Glavne političke stranke: laburistička, konzervativna, li- beralna. Administrativna podjela: Engleska, Škotska, Wales i Sje- verna Irska. Britanski prekomorski teritoriji: Angvila, Bermudi, Bri- tanski Djevičanski otoci, Britanski Antarktički teritorij, Falklandski otoci (Malvinski otoci), Gibraltar (iako je na europskom kontinentu), Kajmanski otoci, Montserrat, Dobna struktura: Pitcairn, Sveta Helena (uključuje Otok Ascension i Tristan - 0 – 14 godina – 17,82 % da Cunha), Južna Georgija i otočje Južni Sandwich, Britan- - 15 – 24 godine – 12,45 % ski indijskooceanski teritoriji (Otoci Chagos), otoci Turks i - 25 – 54 godine – 40,53 % Caicos. - 55 – 64 godine – 11,34 % - 65 i više godina – 17,86 % Površina: 244.820 km2. Kopno: 241.590 km2. Religija: kršćani (anglikanci, rimokatolici, prezbiterijanci, Voda: 3.230 km2. metodisti) 59,5 %, muslimani 4,4 %, hinduisti 1,3 %, atei- sti 25,7 %, ostali 2 %, ne izjašnjavaju se 7,2 %. Najveći gradovi: London (glavni grad, 8.674.000 stanov- nika), Manchester (2.550.000), Birmingham (2.440.000), Etničke skupine: bijelci 87,2 %, crnci (Afrika/Karibi) 3 %, Glasgow (1.220.000), Southhampton/Portsmouth Indijci 2,3 %, Pakistanci 1,9 %, miješani 2 %, ostali 3,7 %. (882.000), Liverpool (670.000), Cardiff, Bristol, Newcastle, Nottingham, Sheffield, Leeds, Bratford, Edinburgh. Jezici: engleski (službeni), velški (oko 20 % populacije Walesa), škotski (30 % populacije Škotske), škotski galski Stanovništvo: 65.110.034 stanovnika (lipanj 2016., pro- (oko 60.000 ljudi u Škotskoj), irski (oko 10 % populacije cjena za 2015.); 32.074.445 muškaraca i 33.035.589 žena.
    [Show full text]
  • Celebration of the 50 Anniversary of the World Ship Society-Port Of
    OCTOBER, 2015 VOLUME XXXII, # 9 Saturday, October 24, 2015 – 12:00 Noon, for pre-paid members and guests only Pier A – Harbor House, 22 Battery Place, New York, NY 10004 Celebration of the 50th Anniversary of the World Ship Society-Port of New York Branch featuring presentations by Ted Scull and Bill Miller Holland America Line’s NIEUW AMSTERDAM and WESTERDAM and Nederland Line’s ORANJE at HAL’s new Houston Street Pier 40 on April 22, 1963. Home Line’s ITALIA (ex-KUNGSHOLM) is sailing up the Hudson River to her midtown Manhattan berth. (Port Authority of NY & NJ and HAL) THE PORT OF NEW YORK - WATERFRONT REVOLUTION by Ted Scull 1965, the year our PONY Branch was established, produced a bumper crop of outstanding new ships - Home Lines’ OCEANIC in April, Italian Line’s MICHELANGELO in May and RAFFAELLO in August, and Norwegian America’s SAGAFJORD in October. It was also the first full year that our speaker, Ted Scull, worked at Pier 40, the new North American headquarters for Holland America Line. Pier 40 was not a typical finger pier, rather a square facility with a donut hole in the center for handling freight and passengers. It was designed to save longshoremen jobs on the Manhattan waterfront. At the time, freight traffic was robust, and bookings were good for the passenger ships. But parallel revolutions in shipping were already underway, and sooner than anyone imagined. Containerization would almost completely transform the way cargo would be handled and doom New York’s commercial waterfront in favor of the vast acreage available in New Jersey.
    [Show full text]
  • Ujedinjena Kraljevina Profil Emitivnog Tržišta - Izdanje 2015
    UJEDINJENA KRALJEVINA PROFIL EMITIVNOG TRŽIŠTA - IZDANJE 2015. OPĆI PODACI O TRŽIŠTU Službeni naziv: Ujedinjeno Kraljevstvo Velike Britanije i Sjeverne Irske. Državno uređenje: Ustavna monarhija s dva zakonodav- na doma, vladar države: Kraljica Elizabeta II. (od 6. veljače 1952.). Glavni grad: London (10,310 milijuna stanovnika). Veći gradovi: Manchester (2,646 milijuna), Birmingham (2,515 milijuna), Glasgow (1,223 milijuna), Southampton/ Portsmouth (882.000), Liverpool (870.000), Cardiff, Bri- stol, Newcastle, Nottingham, Sheffield, Leeds, Bratford, Edinburgh. Administrativna podjela: Engleska, Škotska, Wales i Sje- verna Irska. Britanski prekomorski teritoriji: Angvila, Bermudi, Britan- ski Djevičanski otoci, Britanski Antarktički teritorij, Falklan- dski otoci (Malvinski otoci), Gibraltar (iako je na europskom kontinentu), Kajmanski otoci, Montserrat, Pitcairn, Sveta Vjerska pripadnost: kršćani (anglikanci, rimokatolici, Helena (uključuje Otok Ascension i Tristan da Cunha), Juž- prezbiterijanci, metodisti) 59,5 %, muslimani 4,4 %, hindu- na Georgija i otočje Južni Sandwich, Britanski indijskooce- isti 1,3 %, ateisti 25,7 %, ostali 2 %, ne izjašnjavaju se 7,2 %. anski teritoriji (Otoci Chagos), Otoci Turks i Caicos. Stopa rasta stanovništva: 0,54 %. 2 Površina: 244.820 km . Gustoća naseljenosti: 261 stanovnik/km2 (82,6 % sta- Broj stanovnika: 64.088.222. novništva živi u gradovima). Službeni jezik: engleski. Valuta: GBP (britanska funta). POLITIČKO UREĐENJE Ujedinjeno Kraljevstvo Velike Britanije i Sjeverne Irske lordova i monarha, Zastupnički je dom postao vodećim ustavna je nasljedna monarhija s parlamentarnim susta- nositeljem zakonodavne vlasti, a najvažnija mu je djelat- vom vlasti. nost raspravljanje o zakonskim prijedlozima i izglasava- nje zakona, u načelu na javnim plenarnim sjednicama. Sa- Najvišu zakonodavnu vlast ima dvodomni Parlament stoji se od vladajuće većine u kojoj se nalaze članovi vlade (Parliament) koji se sastoji od Zastupničkog ili Donjeg (koji čine tzv.
    [Show full text]
  • Specification
    Pearson BTEC Entry Award in Travel and Tourism (Entry 3) Pearson BTEC Level 1 Award/ Certificate/Diploma in Travel and Tourism Specification BTEC Specialist qualifications First teaching 1 September 2009 Amended specification for first teaching September 2013 Issue 5 Edexcel, BTEC and LCCI qualifications Edexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largest awarding body offering academic and vocational qualifications that are globally recognised and benchmarked. For further information, please visit our qualifications website at qualifications.pearson.com. Alternatively, you can get in touch with us using the details on our contact us page at qualifications.pearson.com/contactus About Pearson Pearson is the world's leading learning company, with 35,000 employees in more than 70 countries working to help people of all ages to make measurable progress in their lives through learning. We put the learner at the centre of everything we do, because wherever learning flourishes, so do people. Find out more about how we can help you and your learners at qualifications.pearson.com This specification is Issue 5. Key changes are listed in the summary table on the next page. We will inform centres of any changes to this issue. The latest issue can be found on the Pearson website: qualifications.pearson.com These qualifications were previously known as: Pearson BTEC Entry Award in Travel and Tourism (Entry 3) (QCF) Pearson BTEC Level 1 Award in Travel and Tourism (QCF) Pearson BTEC Level 1 Certificate in Travel and Tourism (QCF) Pearson BTEC Level 1 Diploma in Travel and Tourism (QCF) The QNs remain the same.
    [Show full text]
  • CSR in the Tourism Industry? the Status of and Potential for Certification, Codes of Conduct and Guidelines
    34666 Public Disclosure Authorized CSR in the Tourism Industry? The Status of and Potential for Certification, Codes of Conduct and Guidelines Public Disclosure Authorized Study prepared for the CSR Practice Foreign Investment Advisory Service Investment Climate Department Public Disclosure Authorized Rachel Dodds & Marion Joppe June, 2005 Public Disclosure Authorized Table of Contents Executive Summary 1. Overview 1.1 Introduction 1.2 Background & Methodology 2. Components of Sustainable Tourism 2.1 Labour standards as part of Sustainable tourism 3. Demand for Sustainable Tourism 3.1 Demand 3.2 Consumer motivations 4. Overview of Certification Schemes 4.1 Development of Schemes 4.2 Benefits and issues 4.3 Types and participation of schemes 4.4 Roles and costs 4.5 Stakeholder roles and involvement 5. Codes of Conduct & Roles of Reporting 5.1 Codes of Conduct - Roles and Participation 5.2 Reporting 6. CSR and Low Income Countries 6.1 Certification conclusions & recommendations 6.2 Recommendations for Achieving Sustainable Tourism and Access to Market for Low Income Countries 7. Conclusion Appendix A Interview Contact List B Codes of Conduct – Associations & NGO’s C Codes of Conduct – Private Sector D Certification Schemes – Country E Certification Schemes – Industry Bibliography 2 Acronyms ABTA The Association of British Travel Agents AITO Association of Independent Tour Operators APEC Asia-Pacific Economic Cooperation CRC Cooperative Research Centre for Sustainable Tourism CSR Corporate Social Responsibility CST Certification for Sustainable
    [Show full text]
  • CONTENTS Tourism Concepts and Linkages (MTTM101)
    TOURISM CONCEPTS & LINKAGES MTTM 101 CONTENTS Tourism Concepts and Linkages (MTTM101) S. NO. UNIT DETAILS PAGE NO. Block 1: Tourism: Definition, Meaning, Nature and Scope Unit 1 Tourism – Meaning, Nature and Scope 2-19 Unit 2 Travel and Tourism Through The Ages; ‘Emergence of the Concept of 20-36 Neo Tourism’ Unit 3 Key Components and Their Interdependence; Elements of Tourism 37-49 Unit 4 Different Approaches to Study Tourism and Their Application 50-60 Unit 5 Types and Typologies of Tourism and the Emerging Trends 61-74 Block 2: Tourism – Growth Perspectives and Typologies Unit 6 Factors Responsible for the Dramatic Growth of Tourism vis a vis 75-82 Inhibitory Forces Unit 7 Recreation - Leisure - Tourism: Inter-relationship and Interdependence 83-92 Unit 8 Concept of Push and Pull Forces in Tourism 93-113 Unit 9 Travel and Tourism Motivators; Relevance of Motivation Studies; Travel 114-125 de-motivators Block 3: Tourism Infrastructure and Industry Perspective Unit 10 Organizational and Functional Perspectives of Tourism Industry 126-141 Unit 11 Tourism Superstructures and Infra structure – Types and Typologies 142-165 Unit 12 Chain of Distribution in Tourism Industry and Significance of Forward 166-182 and Backward Integration; Tourism Conglomerates and Common Interest Bodies Block 4: Tourism Product, Tourist Demand & The Supply-Mix Unit 13 Tourism Product and Its Components; Background Elements of Tourism 183-197 Product; Unit 14 Tourist Demand – ‘Concept’, ‘Types’ and ‘Unique Features’, Tourism 198-212 Supply-mix Unit 15 The Tourism System – Dimensions, Interplays and Applications 213-229 Unit 16 Tourism Linkages – Significance, Scope and Challenges 230-241 Uttarakhand Open University 1 TOURISM CONCEPTS & LINKAGES MTTM 101 UNIT 1: TOURISM – MEANING, NATURE & SCOPE STRUCTURE 1.1 Introduction 1.2 Tourism: Definitions 1.3 Elements Of Tourism 1.4 Conceptual Discussions 1.5 Global Tourism Scenario 1.6 Drivers Of Tourism Growth 1.7 Summary 1.1 Introduction Travel is one of the oldest activities.
    [Show full text]
  • Brochure Inside Pages 14/9/05 14:19 Page 1
    Travel Awards Cover 14/9/05 14:09 Page 1 brochure inside pages 14/9/05 14:19 Page 1 Introduction Welcome to the 19th annual Guardian, Observer and For those whose livelihoods depend on tourism, Guardian Unlimited Travel Awards. As the longest- 2004 ended on a terrible note. The devastating running independent survey of its kind, we believe tsunami which swept through the Indian Ocean was the results published in this brochure offer a unique proof of just how fragile this industry can be. But it and fascinating insight into the tastes and also served to illustrate the regenerative power of preferences of discerning travellers today. tourism. Predictions at the time that hotels would be up and running within weeks seemed impossibly Size isn’t everything, or so they say. And once again optimistic but the cynics were proved wrong, as the results of our survey prove that, when it comes destinations like Thailand, the Maldives and Sri to choosing a holiday, our readers tend to favour the Lanka hurried to rebuild their battered infrastructure. smaller, specialist companies over the big mass market operators. The same principle applies to their The fortunes of the travel industry have always preferred destinations. If these awards were judged been particularly vulnerable to events such as purely on the number of entries, then you might natural disasters or terrorism, but the huge response expect favourites such as France and Spain to win to these awards shows that our appetite for travel is every year. Our unique scoring system ensures that as strong as ever.
    [Show full text]
  • UK Tour Operators & Travel Companies
    UK Tour Operators & Travel Companies No Company www 1 ACE Cultural Tours www.aceculturaltours.co.uk 2 Activity Breaks www.activitybreaks.com 3 Adaptable Travel www.adaptabletravel.co.uk/ Adelanta Travel Services 4 www.adelanta.co.uk/poland.html Ltd. 5 Albatross Travel Group www.albatrosstravel.com/country/poland/ 6 All Saints Travel www.allsaintstravel.co.uk/Poland.htm 7 Arrow tours www.arrowtours.ie/krakow 8 Atlas Travel www.atlastravel.co.uk 9 Baltic Holidays www.balticholidays.com/baltic/public_html/poland/ 10 Baltic Travel Company www.baltictravelcompany.com/ 11 Barrhead Travel Service www.barrheadtravel.co.uk/ 12 Benz Travel www.benztravel.co.uk/europe/warsaw/holidays 13 Birdfinders www.birdfinders.co.uk/tours/poland.html 14 Blue Heart Travel www.bluehearttravel.com/custom-tours/europe-catholic-tours-1 15 British Airways Holidays https://www.britishairways.com/en-gb/destinations/europe/poland 15 Burgess World Travel www.burgessworldtravel.com www.citiesdirect.co.uk/city-break-search- 17 Cities Direct results.asp?country_id=21&destination_tag=999 18 Citiescapes Www.citiescapes.ie/krakow-auschwitz/ 19 City Vacations www.cityvacations.co.uk 20 ClickandGo www.clickandgo.com 21 COGO Travel cogotravel.co.uk 22 Cosmos www.cosmos.co.uk/destinations/central-and-eastern-europe/poland/ 23 Cox & Kings Travel www.coxandkings.co.uk/destinations/europe/poland 24 Cresta Holidays www.crestaholidays.co.uk/city-breaks/poland/ 25 Dawson & Sanderson Ltd www.holidayco.co.uk 26 Dawson Travel www.dawson-travel.com 27 Directline City Breaks www.directline-citybreaks.co.uk
    [Show full text]
  • The Millergram Is Designed and Formatted by Tim Noble, Our Good Friend from Melbourne, Australia and a Former Navigating Officer with the Blue Star Line
    The & MILLERGRAM by Bill Miller billmilleratsea.com Spring 2016 The Millergram is designed and formatted by Tim Noble, our good friend from Melbourne, Australia and a former navigating officer with the Blue Star Line. BOOKS: More scribbling! I am penning yet another new book these days, Maritime Royalty: The Queen Mary & the Cunard Queens, timed for the 80th anniversary (May 1936) of the beloved Queen Mary's maiden crossing from Southampton to New York. It will be a slightly larger book than usual, more of a glossy commemorative. It will be published by Fonthill Media over in the UK. Some sad news! Mainmast Books over in the UK is closing down as of Apr 1st. Mainmast were a longtime seller of maritime books – certainly one of the very best, in fact – and a highpoint for books on liners. They had a huge and diverse monthly list. Competition with internet book selling cast the decisive blow. A great loss! CARGO SHIPPING: Caused by the likes of downturns in the Chinese economy, worldwide cargo shipping is in a slump. Hundreds of containerships are currently laid-up, awaiting cargo. Meanwhile, Denmark's Maersk Line – the biggest containership operator in the world plus other, vast maritime holdings – has seen its profits crash by over 80%. In response, Maersk has sacked 4,000 employees, both ashore and afloat, and also called South Korean shipbuilders to cancel the building of some projected 20,000-capacity containerships. Page 1 CARNIVAL: Italy's Fincantieri shipbuilders has joined forces with Chinese shipyards near Shanghai to build the first generation of Carnival cruise ships especially for the Chinese market.
    [Show full text]
  • Lastminute.Com Plc Morgan Stanley & Co. International Limited
    A copy of this document, which comprises a prospectus relating to lastminute.com plc (""lastminute.com'') in accordance with the listing rules of the London Stock Exchange made under section 142 of the Financial Services Act 1986, has been delivered to the Registrar of Companies in England and Wales for registration in accordance with section 149 of that Act. Application has been made to the London Stock Exchange for all of the ordinary share capital of lastminute.com, issued and to be issued in connection with the oÅering described in this prospectus, to be admitted to the OÇcial List of the London Stock Exchange (""Admission''). Conditional dealings in the ordinary shares are expected to commence on the London Stock Exchange on March 14, 2000. It is expected that Admission will become eÅective and that unconditional dealings in the ordinary shares will commence on March 21, 2000. American Depositary Shares (""ADSs''), each representing Ñve ordinary shares and evidenced by American Depositary Receipts (""ADRs''), are expected to be approved for quotation on the Nasdaq National Market, subject to oÇcial notice of issuance, under the symbol LMIN. All dealings before the commencement of unconditional dealings will be of no eÅect if Admission does not take place and such dealings will be at the sole risk of the parties concerned. The directors of lastminute.com, whose names appear on page 4, accept responsibility for the information contained in this prospectus. To the best of the knowledge and belief of the directors (who have taken all reasonable care to ensure that such is the case), the information contained in this prospectus is in accordance with the facts and does not omit anything likely to aÅect the import of such information.
    [Show full text]