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Hertz devises restructuring plan after private equity injection
By Linda Fox
|
March 3, 2021
Investment firms Knighthead Capital and Certares Opportunities are committed to investing up to $4.2 billion.
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Online
Short-term rental bookings boom in the U.K. after roadmap announcement
By Jill Menze
|
March 3, 2021
Following Boris Johnson's announcement that the U.K. would ease lockdown plans, short-term rental bookings jumped 88% over the week prior.
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Opinion
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Sustainability must be a priority for business travel in 2021
By Avi Meir - TravelPerk
|
March 2, 2021
Momentum built for thinking about a more sustainable level of corporate travel in the years leading up to 2020 must not stall in 2021.
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Why you need to reimagine your revenue strategy - with forward looking data
By Gino Engels - OTA Insight
|
March 1, 2021
The number of variables impacting decisions today is making it difficult to accurately predict and stimulate demand, but forward looking data offers the best opportunity to anticipate the inevitable...
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News
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Distribution
Amadeus ends 2020 with large losses and 61% drop in revenue
By Linda Fox
|
February 26, 2021
The distribution giant says that while there was a slight improvement in air traffic in the final quarter of the year, the pandemic continued to severely impact travel.
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News
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Online
In first earnings report, Airbnb posts quarterly loss of $3.9B
By Jill Menze
|
February 25, 2021
Despite a massive loss in the fourth quarter of 2020, CEO Brian Chesky says the pandemic has proved Airbnb's business is "inherently adaptable."
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News
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Online
Booking Holdings focuses on payment platform, connected trip and U.S. growth as 2020 revenue drops 55%
By Mitra Sorrells
|
February 24, 2021
Booking Holdings CEO Glenn Fogel says the company is focusing on products and strategies that can help the company grow as travel resumes.
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News
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Distribution
Accor posts €2B loss, lays out 2021 strategy
By Linda Fox
|
February 24, 2021
Accor plans to focus on its ALL loyalty program, further cost reduction and expansion in 2021.
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News
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Distribution
Travelport rebrands to align with company's “monumental culture shift”
By Mitra Sorrells
|
February 23, 2021
Travelport is launching a new visual identity ahead of the rollout of its next generation platform, which will replace the legacy three-core distribution system.
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News
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Distribution
IHG looks to mid-market brands and digital developments to help recovery
By Linda Fox
|
February 23, 2021
IHG is continuing with the phased rollout of its Guest Reservation System, developed in partnership with Amadeus.
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News
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Distribution
Kakao Mobility lands $200M investment, looks to growth
By Linda Fox
|
February 23, 2021
Kakao Mobility plans to lean on Carlyle's industry knowledge to speed up its growth strategy.
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News
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Distribution
Emirates to roll out GDS fees as it moves sellers toward an NDC solution
By Robert Silk - Travel Weekly
|
February 23, 2021
Emirates' GDS surcharge of between $14 and $25 per ticket will begin July 1.
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News
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Distribution
Marriott on marketing initiatives and the summer rebound
By Christina Jelski - Travel Weekly
|
February 22, 2021
Julius Robinson, chief sales and marketing officer at Marriott International, highlights the messages that are resonating with customers.
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News
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Technology
RocketRez raises $6.6M for tours and attractions tech platform
By Kevin May
|
February 19, 2021
The Series A investment of $6.6 million is made up of $5 million from Blueprint and the rest in revenue-based financing from TIMIA.
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News
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Distribution
Marriott posts $164M loss following “most challenging year in 93-year history”
By Jill Menze
|
February 18, 2021
Marriott's fourth quarter 2020 results come days after the unexpected passing of CEO Arne Sorenson.
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