News

oyo-fy19-financials
News / Distribution
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.... Read More
chinese currency
News / 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.  ... Read More
siteminder-2019-booking-revenue
News / 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.... Read More
coronavirus-hotel-airline-revenue-management
News / 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.... Read More
Barry Diller cites “dumb things” and “mistakes” as Expedia still ends 2019 on financial high
News / 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.”... Read More
cwt-messaging-service
News / 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.... Read More
Tripadvisor ends 2019 with revenue fall, remains optimistic about 2020
News / 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.... Read More
Revenue drops for Trivago as challenges from Google, Coronavirus escalate
News / 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.... Read More
google-maps-new-features
News / 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.... Read More
Lyft achieves first billion-dollar revenue quarter, keeps 2021 profitability target date in place
News / 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.  ... Read More
Vacasa founder Eric Breon steps aside, former OpenTable boss becomes interim CEO
News / 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.... Read More
Phocuswright appoints Pete Comeau to managing director role
News / Online
Phocuswright appoints Pete Comeau to managing director role
By PhocusWire | 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.... Read More
mmt q3 2020 cover
News / 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.  ... Read More
tui-group-q1-2020
News / Distribution
TUI alters forecast for 2020, 737 MAX grounding bites but digital investment continues
By Linda Fox | 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.... Read More
Travel Technology Europe 2020: Meet the innovators!
News / 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.... Read More