News

Booking Holdings will appeal $530M fine by Spanish competition authority
News / Online
Booking Holdings will appeal $530M fine by Spanish competition authority
By Mitra Sorrells | February 22, 2024
Booking Holdings reported its fourth quarter and full year 2023 earnings late Thursday, with records across multiple financial metrics including revenue that soared 40% higher than 2019.... Read More
Holidu takes over Germany-based home rental portal
News / Online
Holidu takes over Germany-based home rental portal
By Derek Catron | February 22, 2024
The acquisition means properties on Ferienwohnungen.de can be booked directly online and those hosts will have access to Holidu's software solutions and local personal service.  ... Read More
Chooose gets investment from BP, partners to help airlines decarbonize
News / Startups
Chooose gets investment from BP, partners to help airlines decarbonize
By Linda Fox | February 22, 2024
Chooose and BP will help airlines with digital solutions to scale sustainable aviation fuel programs.... Read More
Trip.com Group sees significant bookings uplift across OTA platform
News / Online
Trip.com Group sees significant bookings uplift across OTA platform
By Linda Fox | February 22, 2024
Trip.com Group reports revenue gains across accommodation, transportation ticketing, corporate travel and packages for Q4 2023.... Read More
Expedia Group creates two new divisions to be led by Paredes, Schulze
News / Online
Expedia Group creates two new divisions to be led by Paredes, Schulze
By Mitra Sorrells | February 21, 2024
The two new divisions replace Expedia for Business, which has been led by Ariane Gorin, who becomes CEO in May.  ... Read More
Sonder sheds 17% of corporate workforce
News / Online
Sonder sheds 17% of corporate workforce
By Linda Fox | February 21, 2024
The company said it hoped to achieve about $11 million in annualized cost savings as a result of the cuts, which it expects will be completed by the end of the first quarter.... Read More
Study: How AI boosts digital advertising and direct bookings
News / Technology
Study: How AI boosts digital advertising and direct bookings
By Derek Catron | February 21, 2024
Recent advances in AI’s handling of digital advertising have increased the possibilities for hotels to grow direct bookings, a study from D-Edge found.  ... Read More
Tokyo launches virtual and augmented reality experiences to boost tourism
News / Technology
Tokyo launches virtual and augmented reality experiences to boost tourism
By Mitra Sorrells | February 20, 2024
The Tokyo government and convention and visitors bureau are creating a metaverse experience on Roblox and also an augmented reality app that can be used in-destination.... Read More
American tightens mileage earning rules to motivate NDC, direct bookings
News / Technology
American tightens mileage earning rules to motivate NDC, direct bookings
By Mitra Sorrells | February 20, 2024
American's new rules for earning miles and points, which go into effect for tickets issued May 1, are part of the carrier's strategy to get 100% of its bookings through internet-based channels.    ... Read More
Ixigo prepares for fresh IPO
News / Online
Ixigo prepares for fresh IPO
By Linda Fox | February 20, 2024
Online travel platform Ixigo has filed a draft prospectus with the Security and Exchange Body of India detailing its plans for a public listing.... Read More
Economic, not just environmental, sustainability for travel
News / Online
Economic, not just environmental, sustainability for travel
By Phocuswright Research | February 20, 2024
Phocuswright research found that communication or education efforts around economic sustainability need to take extra care to be direct and transparent because these issues are too covert for travelers to discern them on their own.  ... Read More
Deal with Ryanair furthers TUI’s plans for global booking platform
News / Online
Deal with Ryanair furthers TUI’s plans for global booking platform
By Derek Catron | February 15, 2024
All Ryanair flights will soon be bookable directly with TUI and can be combined with the German-based travel company’s full offerings.  ... Read More
Sabre notes 2023 improvements, cloud migration and tech cost savings on track
News / Distribution
Sabre notes 2023 improvements, cloud migration and tech cost savings on track
By Linda Fox | February 15, 2024
Adjusted EBITDA for the technology and distribution company was $96 million for the quarter and $337 for the full year, up from $65 million in 2022. The gains were attributed to increases in travel bookings across air and hotels.... Read More
HomeToGo 2023 results driven by subscriptions and services business
News / Technology
HomeToGo 2023 results driven by subscriptions and services business
By Linda Fox | February 15, 2024
HomeToGo said it had achieved its main priority of adjusted EBITDA break-even for the year with the financial metric at €2 million, ahead of full-year guidance.... Read More
Lighthouse expands into distribution by acquiring Stardekk
News / Distribution
Lighthouse expands into distribution by acquiring Stardekk
By Derek Catron | February 15, 2024
Lighthouse said the acquisition enables it to offer dynamic distribution management capabilities focused on improving booking conversion and revenue optimization for independent hotels.  ... Read More