News

Flight Centre draws from SARS experience to plan for coronavirus impact
News / Online
Flight Centre draws from SARS experience to plan for coronavirus impact
By Steven Lerner | February 27, 2020
Flight Centre anticipates a decline in its full-year profits before tax projection due to the outbreak of the COVID-19 coronavirus.... Read More
eDreams Odigeo anticipates financial disruption from coronavirus slowdown
News / Online
eDreams Odigeo anticipates financial disruption from coronavirus slowdown
By Steven Lerner | February 27, 2020
Despite posting positive metrics for the first nine months of fiscal year 2020, eDreams Odigeo is raising the alarm over the rise of the COVID-19 coronavirus.  ... Read More
Q&A: Collinson's Phil Seward on co-brand cards, travel subscriptions and empowering consumers
News / Online
Q&A: Collinson's Phil Seward on co-brand cards, travel subscriptions and empowering consumers
By Jill Menze | February 27, 2020
Phil Seward, senior vice president of loyalty strategy, Americas, at Collinson, explains the evolution of the co-branded credit card, if subscription models in travel are viable and how brands can put the power back in the hands of consumers.... Read More
lonely-planet-content-licensing
News / Online
Lonely Planet launches API access to content on more than 8,000 destinations
By Mitra Sorrells | February 27, 2020
Lonely Planet Content Licensing is a new API-based content access product for destinations and travel brands.... Read More
Booking Holdings reports positive 2019, braces for coronavirus impact
News / Online
Booking Holdings reports positive 2019, braces for coronavirus impact
By Steven Lerner | February 26, 2020
Booking Holdings is expecting a “significant and negative impact” for the first quarter of 2020 due to the COVID-19 coronavirus.  ... Read More
Sabre to invest $150M in technology as operating income drops 35% for full-year 2019
News / Distribution
Sabre to invest $150M in technology as operating income drops 35% for full-year 2019
By Steven Lerner | February 26, 2020
 To reverse its disappointing financial results, Sabre outlined a strategic priorities plan, which includes an incremental spend of $150 million on technology in 2020.  ... Read More
expedia-group-layoffs
News / Online
Expedia cuts about 3,000 jobs
By Jamie Biesiada - Travel Weekly | February 26, 2020
Expedia Group is laying off about 12% of its workforce and streamlining operations.... Read More
Golden shots and wild cards - how IAG brings startups through Hangar 51
News / Startups
Golden shots and wild cards - how IAG brings startups through Hangar 51
By Linda Fox | February 26, 2020
In the coming weeks, British Airways parent company IAG will enter the fifth year of its Hangar 51 accelerator program.... Read More
amex-gbt-rest-assured-hotels
News / Technology
American Express GBT unveils unified accommodation platform
By Linda Fox | February 26, 2020
The travel management company aims to curb rogue hotel spend with the launch of its Rest Assured Solutions technology.... Read More
grab app image
News / Technology
Grab raises $856M to grow financial services, digital payments in Southeast Asia
By Steven Lerner | February 25, 2020
Super app Grab has secured a pair of investments totaling $856 million, fueling the so-called decacorn’s latest amplification into financial services and digital payments.... Read More
tripactions-liquid-payment-product
News / Online
TripActions launches payment service that connects to travel plans and policies
By Mitra Sorrells | February 25, 2020
TripActions Liquid is the company’s new platform that provides both virtual and physical payment cards and is linked to TripActions’ travel system to streamline compliance, reconciliation and reporting.... Read More
RailYatri’s smart bus network IntrCity raises funds to expand its fleet in India
News / Technology
RailYatri’s smart bus network IntrCity raises funds to expand its fleet in India
By Steven Lerner | February 25, 2020
India-based travel app RailYatri has landed Rs 100 core (about $13.8 million) as it seeks to grow its IntrCity SmartBus network.... Read More
IATA forecasts coronavirus will reduce airline revenue by nearly $30B
News / Distribution
IATA forecasts coronavirus will reduce airline revenue by nearly $30B
By Robert Silk - Travel Weekly  | February 25, 2020
Of the $29.3 billion in lost revenue that IATA forecasts, $27.8 billion would be lost by Asia Pacific carriers.... Read More
mgm-resorts-security-incident
News / Online
MGM Resorts falls victim to data breach
By Linda Fox | February 24, 2020
MGM Resorts was the victim of a security breach affecting the personal details of millions of guests in the summer of 2019, according to reports.... Read More
Airbnb house list
News / Startups
Airbnb tops lists of marketplace startups, ResortPass among fastest-growing
By Steven Lerner | February 24, 2020
 Travel startups were well-represented in the Marketplace 100, which identifies the largest and fastest-growing consumer-facing marketplace private companies.... Read More