United Kingdom
United States
Asia Pacific
Pacific World confirms entire business closing down
DMC and events management firm Pacific World has confirmed it is ceasing operations globally.
It follows last month’s announcement it was closing down in Hong Kong.
Its regional offices in Singapore and Barcelona will close next month.
The pandemic is ‘continuing to cause unprecedented disruptions in the travel and tourism industry,’ it said.
This has forced parent company TUI Destination Experiences to pivot to ‘a digitalisation strategy’ and is exiting the meetings and events market.
The company has a wide presence across Asia with offices in China, Thailand, Vietnam and the Philippines.
It had been in business for four decades.
"We believe the industry will recover in the future, and our passion and legacy of innovation will create future solutions for our customers," the company added.
Written by Ray Montgomery, Asia Pacific editor
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled