Coronavirus

News / Online

How Singapore Tourism Board is working on a post-coronavirus strategy

By Yeoh Siew Hoon - WebInTravel | March 9, 2020

Some areas of the world are already looking to the future as they seek to rebuild their tourist economies after the outbreak of coronavirus. Read More

News / Startups

Perseverance, prudence - and slight pivots - are key to travel startup success during coronavirus

By Mitra Sorrells | March 9, 2020

Investors from Plug and Play and HV Holtzbrinck Ventures and the founder of startup Stride Travel weigh in on the short- and long-term impacts of the COVID-19 coronavirus on innovation in travel. Read More

Interview / Online

Sounding Off: Coronavirus could trigger the travel marketing overhaul many want

By PhocusWire | March 6, 2020

Many companies in the industry have wanted a shift away from relying heavily on Google for customer acquisition. They may finally get their wish. Read More

News / Online

Despite "volatile macro environment," Despegar finishes 2019 strong with 10% revenue increase

By Steven Lerner | March 5, 2020

Despegar ended 2019 on a high note with a 10% increase in fourth quarter revenue to $145.6 million, although revenue for the full year declined by 1% to $524.9 million. Read More

News / Online

Hostelworld suffers 9% EBITDA decline in 2019, expects loss due to coronavirus

By Steven Lerner | March 4, 2020

Hostelworld Group reports a 9% decrease in EBITDA to €20.5 million for the full-year in 2019 and estimates an EBITDA loss of €3 million to €4 million in the first quarter of 2020 due to the COVID-19... Read More

Opinion / Distribution

COVID-19 and the global hotel industry: A roadmap to recovery, part 2

By Yuki Hu, Eva Liu & George Yu - IDeaS | March 4, 2020

Although hotels can’t press the “restart” button on 2020, they can launch into “repair” mode now, despite being forced to a standstill by the big pause button that is COVID-19. Read More

News / Technology

The PhocusWire PundIT Show #21

By PhocusWire | March 3, 2020

Our guests cover trends such as startups, fancy (or folly) new technologies, challenges around technology and distribution in the industry, plus a lot more. Read More

News / Online

Travelzoo posts declining operating profit in Q4, pins hope on acquisition of Jack’s Flight Club

By Steven Lerner | March 2, 2020

Travelzoo reported a decrease in operating profit to $818,000 in the fourth quarter of 2019 from $2.8 million in the prior-year period. Read More

News / Distribution

Corporate travel industry could see $47B per month hit from coronavirus

By Linda Fox | March 2, 2020

In a GBTA survey, two thirds of companies have cancelled a “few” meetings or events while 18% say they have cancelled “many” and 25% have cancelled “some.” Read More

Opinion / Distribution

COVID-19 and the global hotel industry: A roadmap to recovery, part 1

By Yuki Hu, Eva Liu & George Yu - IDeaS | March 2, 2020

Amid the COVID-19 coronavirus outbreak, here are actionable steps for hotels to take now to proactively begin the road to recovery: Read More

News / Distribution

Amadeus grows revenue by 12.8% in 2019, gauges coronavirus impact in 2020

By Steven Lerner | February 28, 2020

Amadeus expects the COVID-19 coronavirus to have a negative impact on air traffic and the GDS industry. Read More

News / Online

Flight Centre draws from SARS experience to plan for coronavirus impact

By Steven Lerner | February 27, 2020

Flight Centre anticipates a decline in its full-year profits before tax projection due to the outbreak of the COVID-19 coronavirus. Read More

News / Online

eDreams Odigeo anticipates financial disruption from coronavirus slowdown

By Steven Lerner | February 27, 2020

Despite posting positive metrics for the first nine months of fiscal year 2020, eDreams Odigeo is raising the alarm over the rise of the COVID-19 coronavirus. Read More

News / Online

Booking Holdings reports positive 2019, braces for coronavirus impact

By Steven Lerner | February 26, 2020

Booking Holdings is expecting a “significant and negative impact” for the first quarter of 2020 due to the COVID-19 coronavirus. Read More

News / Distribution

Sabre to invest $150M in technology as operating income drops 35% for full-year 2019

By Steven Lerner | February 26, 2020

To reverse its disappointing financial results, Sabre outlined a strategic priorities plan, which includes an incremental spend of $150 million on technology in 2020. Read More

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