Published on Friday, September 30, 2011
A strong typhoon that battered Hong Kong and the island of Hainan yesterday,is heading for Vietnam.
In Hong Kong, Bloomberg reported, the storm felled trees, ripped bamboo scaffolding from buildings and forced the city's stock exchange to halt trading. Regional flights were cancelled and some international services, including those to the UK, were delayed.
The typhoon, which killed at least 39 people in the Philippines earlier this week, then made landfall in Hainan province where gale force winds and torrential rains forced authorities to evacuate residents, and halt flights and high-speed rail services.
The typhoon is expected to hit Vietnam in the next few hours.
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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.