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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....
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News
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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. ...
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News
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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....
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News
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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....
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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.”...
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Technology
CWT adds messaging service for travelers, ponders adding voice tech
By Linda Fox
|
February 13, 2020
The technology enables travelers to contact a counselor at any time of the day via desktop, mobile or a third party messaging app approved by their employer....
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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....
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News
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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....
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News
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Online
Google Maps adds features allowing users to explore and share more
By Linda Fox
|
February 12, 2020
The service, which Google claims has a billion users, now presents users on its Android and iOS app with five tabs: Commute, Contribute, Explore, Saved and Updates....
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News
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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. ...
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News
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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....
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Online
Phocuswright appoints Pete Comeau to managing director role
By PhocusWire
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February 11, 2020
Comeau was previously senior vice president of strategy and operations, including a regular role fronting the brand's Battleground and Launch competitions at The Phocuswright Conference and Phocuswright Europe events....
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News
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Online
MakeMyTrip separates roles of CEO and exec chairman, coronavirus cancellations begin
By Steven Lerner
|
February 11, 2020
MakeMyTrip’s co-founder and CEO of the India business, Rajesh Magow, has been elevated to group CEO, a role previously held by founder Deep Kalra. ...
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News
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Distribution
TUI alters forecast for 2020, 737 MAX grounding bites but digital investment continues
By Linda Fox
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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....
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News
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Technology
Travel Technology Europe 2020: Meet the innovators!
By PhocusWire
|
February 11, 2020
16 companies will compete across two competitions at this year's event in London: Phocuswright's Battleground EMEA and TTE's Launchpad....
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