Top Travel Tech Weekly News

News / Distribution

International expansion swells losses for OYO to $335M

By Linda Fox | February 17, 2020

The company reported revenue of $951 million in its full-year earnings for 2019, a more than four-fold increase year-over-year. Read More

News / Online

Trip.com Group wants $1.2B loan as coronavirus tests China’s economy

By Steven Lerner | February 17, 2020

As companies in China grapple with the economic impact of the coronavirus outbreak, the country’s largest online travel agency aims to gauge investor risk appetite. Read More

News / Distribution

Hotel websites hold firm in booking rankings, Airbnb makes progress

By Linda Fox | February 14, 2020

SiteMinder reveals the top sources of online bookings for hotels in 2019. Read More

Interview / Startups

Sounding Off: Startups should consider giving something away for the greater good

By PhocusWire | February 14, 2020

Peak Kayak and its investment/acquisition policy might seem alien to many startups or growing businesses as we enter the 2020s, but it shouldn't be ruled out for fear of dilution of the potential... Read More

coronavirus-hotel-airline-revenue-management

News / Technology

Coronavirus upends revenue management strategies for hotels and airlines

By Mitra Sorrells | February 14, 2020

The growing coronavirus outbreak is creating challenges for revenue managers across all sectors of the travel industry. Read More

News / Online

Barry Diller cites “dumb things” and “mistakes” as Expedia still ends 2019 on financial high

By Steven Lerner | February 14, 2020

In his first earnings call since taking over day-to-day operations for Expedia Group, Chairman Barry Diller very candidly outlined his 2020 plan to “drive sustained growth.” Read More

News / Online

Tripadvisor ends 2019 with revenue fall, remains optimistic about 2020

By Steven Lerner | February 13, 2020

Total revenue for the fourth quarter slipped 3% year-over-year to $335 million. Read More

News / Online

Revenue drops for Trivago as challenges from Google, Coronavirus escalate

By Steven Lerner | February 12, 2020

Axel Hefer, CEO of Trivago, wants to “challenge” the way business is done with Google after the Düsseldorf, Germany-based company posted disappointing financial results. Read More

News / Online

Lyft achieves first billion-dollar revenue quarter, keeps 2021 profitability target date in place

By Steven Lerner | February 12, 2020

As Lyft tries to recover from its first less-than-stellar year in the public markets, the ride-sharing company showed significant improvement in its fiscal year 2019 result. Read More

News / Online

Vacasa founder Eric Breon steps aside, former OpenTable boss becomes interim CEO

By Mitra Sorrells | February 11, 2020

After 10 years as CEO of North America’s largest vacation rental management company, Breon is relinquishing the role. OpenTable CEO Matt Roberts steps in as a job search begins. Read More

News / Distribution

TUI alters forecast for 2020, 737 MAX grounding bites but digital investment continues

By Linda Fox | February 11, 2020

The tour operator estimated earnings before interest and income tax of between €850 million and €1,050 billion for the full year ending December 2020. Read More

News / Online

Women representation in senior roles growing, work remains around ethnic diversity

By Jill Menze | February 11, 2020

As the conversation around diversity and women’s leadership in travel intensifies, new data from Women in Hospitality, Travel & Leisure reveals how the hospitality, travel and leisure industry is... Read More