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REYKJAVIK, Iceland, and NEW YORK – To discuss Arctic issues such as climate change, economic development and new shipping lanes, an influential mix of stakeholders will convene at the inaugural
REYKJAVIK, Iceland, and NEW YORK – To discuss Arctic issues such as climate change, economic development and new shipping lanes, an influential mix of stakeholders will convene at the inaugural
Arctic Circle assembly, October 12 – 14, 2013, at the Harpa Conference Centre in Reykjavik. It will be the first large international gathering after leading states in Asia and Europe became part of the Arctic Council process.
The Arctic is now playing a significant role in issues such as globalization, economic development, energy exploration, environmental protection and international security. Plans for resource use and new sea routes linking Asia to Europe and America have led to an increased focus on the region.
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The tours, activities, and experiences sector has been an unheralded bright spot for acquisitions in the travel industry.
The deals were less interesting for their size than for what they symbolized. The companies didn’t disclose terms at a time when the pandemic had slashed valuations. Yet the transactions still suggested a revival in momentum for applying modern selling and business techniques to the fragmented tours-and-activities sector.
The deals reflect the scorch marks of the pandemic. Travel attracted only $4.1 billion of venture capital in 2020, down 55 percent from 2019 the lowest level in nearly a decade, said Skift Research.
First Quarter 2021 Highlights:
- Announced plans to resume fleet operations beginning with Alaska and the Galapagos during June 2021
- Broadened platform of high-quality experiential travel offerings with acquisition of majority stakes in leading travel operators DuVine Cycling + Adventure ( DuVine ) and Off the Beaten Path LLC ( Off the Beaten Path )
- Continued significant cost reduction measures as prepare to resume operations and ended quarter with $163.9 million in unrestricted cash and $22.4 million in restricted cash
- Strong reservations for future travel with 2022 bookings currently 39% ahead of bookings for 2021 at the same point a year ago
- Amended credit facilities to extend waiver of leverage covenants through first quarter of 2022