News

Sabre makes $200M in cuts to offset coronavirus impact
News / Distribution
Sabre makes $200M in cuts to offset coronavirus impact
By Kevin May | March 20, 2020
The cuts range from offering voluntary unpaid leave, severance and early retirement to staff across the world to scaling back its third-party contracting and vendor costs.... Read More
"What just happened?" - Tours and activities come to grips with coronavirus
News / Distribution
"What just happened?" - Tours and activities come to grips with coronavirus
By Jill Menze | March 20, 2020
The date February 23, 2020, marked a significant turning point for some tours and activities brands.... Read More
pruvo seed funding
News / Technology
Hospitality startup Pruvo closes $1.1M seed round amid coronavirus outbreak
By Steven Lerner | March 20, 2020
In the face of the COVID-19 coronavirus outbreak, an artificial intelligence-driven hospitality startup has secured a $1.1 million seed round.... Read More
InPhocus, episode 2 - In the midst of a crisis we can rethink the rules
News / Distribution
InPhocus, episode 2 - In the midst of a crisis we can rethink the rules
By PhocusWire | March 19, 2020
Before the usual conversations about business, many discussions have inevitably started with asking how a person's family, city or country is fairing under the outbreak of the coronavirus.... Read More
Lastminute.com Group expects bookings to return in May, predicts offline competitors will fail
News / Distribution
Lastminute.com Group expects bookings to return in May, predicts offline competitors will fail
By Linda Fox | March 19, 2020
The business posted gains in revenue and EBITDA for full-year 2019 and claims a strong cash position to weather the COVID-19 storm.... Read More
2019 earnings trip.com group
News / Online
Trip.com Group anticipates revenue impact from coronavirus, hopes for quick domestic travel recovery
By Steven Lerner | March 19, 2020
Trip.com Group expects net revenue to decrease by 45% to 50% year-over-year in the first quarter of 2020 due to the outbreak of the COVID-19 coronavirus.... Read More
What happens to travel startup funding during an economic downturn?
News / Startups
What happens to travel startup funding during an economic downturn?
By Steven Lerner | March 19, 2020
During an economic downturn, startups should go back to basics and focus on positive unit economics.... Read More
Corporate travel on the front line of global incidents
News / Online
Corporate travel on the front line of global incidents
By Linda Fox | March 18, 2020
The corporate travel industry has to deal with an increasing volume of incidents related to weather, terrorism - and now health - that impact travel.... Read More
Airbnb urges U.S. government to alter rules for hosts during coronavirus crisis
News / Online
Airbnb urges U.S. government to alter rules for hosts during coronavirus crisis
By Kevin May | March 18, 2020
In a letter to the speaker of the House of Representatives, Nancy Pelosi, as well as the Republican Party leader in the house, Kevin McCarthy, Airbnb is asking for four alterations to existing tax and rental regulations.... Read More
Q&A: Trip.com Group's Jane Sun on weathering the coronavirus storm in China
News / Online
Q&A: Trip.com Group's Jane Sun on weathering the coronavirus storm in China
By Yeoh Siew Hoon - WebInTravel | March 18, 2020
The travel giant's boss talks about the measures taken to get the company through the storm – pay cuts, cancellations guarantees, remote work and providing the right information to customers – and what it is putting in place to lead recovery as China picks up the pieces.... Read More
traveler walking airport
News / Online
Travelers satisfied with airlines during coronavirus, frustrated with insurance providers
By Steven Lerner | March 18, 2020
As travelers are forced to rethink trips due to the COVID-19 coronavirus, airlines are being praised while trip insurance remains a source of frustration.... Read More
WEBINAR REPLAY! Why we book: Unpacking travel loyalty
News / Online
WEBINAR REPLAY! Why we book: Unpacking travel loyalty
By PhocusWire | March 17, 2020
Considering the top 25% of travelers generate 77% of travel revenue, having a loyal customer base is critical if you are in the travel business.... Read More
Youth travel businesses anticipate an €87B impact from coronavirus
News / Distribution
Youth travel businesses anticipate an €87B impact from coronavirus
By Linda Fox | March 17, 2020
Economic, political uncertainty, employment and travel restrictions top the list of concerns for businesses during this challenging period for both the immediate and long term, WYSE says.... Read More
investment deal stock
News / Online
Liberty Tripadvisor secures $325M investment, plans to repay existing margin loan
By Steven Lerner | March 17, 2020
Liberty Tripadvisor has landed a $325 million investment from Certares Management, which is expected to close within 10 business days.... Read More
sabre-travel-tech-europe
News / Distribution
VIDEO: Sabre talks partnerships with Google and Accor
By Linda Fox | March 16, 2020
Sabre joins PhocusWire at Travel Technology Europe 2020 to discuss recent partnerships with Google and Accor.... Read More