Travel & Tourism

LVMH gets first-class luggage at no-frills price

4 Oct 2016

Louis Vuitton’s owner is buying a majority stake in German suitcase maker Rimowa for 640 mln euros. The multiple of two times sales is less than what Samsonite recently paid for rival Tumi. Perhaps the Arnault clan persuaded family-owned Rimowa to leave some money on the table.

Golden Chinese shopping spree will tarnish soon

3 Oct 2016

China's "Golden Week" holiday will see mainland tourists splurging in bazaars from Milan to Macau. Retailers should enjoy it while it lasts. Tax cuts will make shopping at home less painful, and younger Chinese prefer experiences to handbags. That will cap future growth.

Ctrip’s cash call heralds exotic adventures

8 Sep 2016

China's top online travel group has raised at least $2.4 bln. That will help the firm backed by Baidu and Priceline diversify as local airlines fight back against its core ticketing business. If recent deal making is a guide, Ctrip's latest haul will take it off the beaten track.

EasyJet is post-Brexit bet for the brave

21 Jul 2016

The UK airline says it doesn’t know what security scares, currency turmoil and Britain’s exit from Europe will do to earnings. The shares have fallen around 30 pct in less than a month. Yet in past downturns easyJet has snatched market share. There’s no reason it can’t again.