News

Phocuswright Europe 2020 moves online, event in September
News / Online
Phocuswright Europe 2020 moves online, event in September
By PhocusWire | May 13, 2020
This year's event will now take place in an online setting, with a continued focus on identifying solutions to accelerate travel’s recovery and pursuing new growth opportunities in an unpredictable environment.... Read More
TUI targeting 30% reduction in costs and staff post-coronavirus, aims to accelerate digitalization
News / Distribution
TUI targeting 30% reduction in costs and staff post-coronavirus, aims to accelerate digitalization
By Linda Fox | May 13, 2020
TUI has slashed costs by 70% but is in talks with destinations such as Greece and Portugal for resumption of summer 2020 trips.... Read More
How airports are considering ways to reduce human contact
News / Technology
How airports are considering ways to reduce human contact
By Dawit Habtemariam - BTN | May 13, 2020
Airports are considering how to prepare for a post-COVID-19 air travel environment in order to protect and reassure a public wary of flying.... Read More
REPORT: COVID-19 Hotel Forecast - Los Angeles
News / Distribution
REPORT: COVID-19 Hotel Forecast - Los Angeles
By PhocusWire | May 12, 2020
Differences in year-over-year RevPAR variance for March and April showed that the impact on Los Angeles was less severe than for most major markets.... Read More
destination-x-smart-strategy-not promos
News / Online
Destination X - Smart strategies to do right now (instead of making promo videos)
By PhocusWire | May 12, 2020
There are some extremely important things destinations should be doing during this period of, for many, zero tourists coming in.... Read More
Amadeus revenue drops by a quarter, agency air bookings slump 50%
News / Distribution
Amadeus revenue drops by a quarter, agency air bookings slump 50%
By Kevin May | May 12, 2020
Distribution revenue almost halved at Amadeus in the first quarter of 2020 as the coronavirus pandemic slammed traveler plans around the world.... Read More
digital-nomads-coronavirus-2
News / Online
How digital nomads are staying the course amid the coronavirus pandemic
By Jill Menze | May 12, 2020
Networks that cater to digital nomads are providing ways for travelers to connect both in-person and online.... Read More
Marriott sees net income fall to $31M for Q1 2020, notes trend towards hotel reopenings
News / Distribution
Marriott sees net income fall to $31M for Q1 2020, notes trend towards hotel reopenings
By Linda Fox | May 11, 2020
Marriott International boss Arne Sorenson notes encouraging signs of recovery in China and U.S. drive markets.... Read More
Travel startup accelerator seeks ideas to help promote Russian tourism
News / Startups
Travel startup accelerator seeks ideas to help promote Russian tourism
By Linda Fox | May 11, 2020
Entrepreneur and cybersecurity expert Eugene Kaspersky is behind the initiative. He says that while it might feel like a strange time to focus on travel, it’s important to support startups.... Read More
handiscover-1.6m-grant
News / Startups
Accessible travel startup Handiscover secures €1.6M in grant funding
By Mitra Sorrells | May 11, 2020
Handiscover will use the funding to develop its online travel agency, which currently lists 35,000 accessible accommodations in more than 100 countries.   ... Read More
Sabre notes "massive challenge to the industry" as revenues slump by a third
News / Distribution
Sabre notes "massive challenge to the industry" as revenues slump by a third
By Kevin May | May 8, 2020
The coronavirus outbreak has hit Sabre across all of its metrics, with revenue down from $1.05 billion in Q1 2019 to $659 million in the same period in 2020.... Read More
Sounding Off: There is no single metric for success right now (there are many)
Interview / Online
Sounding Off: There is no single metric for success right now (there are many)
By PhocusWire | May 8, 2020
The industry is not going through such straightforward times as those when the success metric to use was market share. So it's time to think deeper and wider.... Read More
Uber posts surprise increase in bookings but losses climb to $3B
News / Online
Uber posts surprise increase in bookings but losses climb to $3B
By Kevin May | May 8, 2020
Ride-hailing giant Uber boosted gross bookings to $15.8 billion in the first quarter of 2020, beating expectations that the coronavirus outbreak would eat immediately into the company's financial performance... Read More
Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%
News / Online
Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%
By Mitra Sorrells | May 7, 2020
Booking Holdings CEO Glenn Fogel says it will take "years - not quarters" for the travel industry to recover, as the company saw its gross bookings drop more than 50% in the first quarter of 2020.... Read More
"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
News / Distribution
"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
By Linda Fox | May 7, 2020
Bookings and revenue are down more than 90% for late March, says Tripadvisor as it reports its Q1 2020 earnings.... Read More