India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

The Jal Mahal Palace near Jaipur, which is the capital of the state of Rajasthan, India. Sayan Nath / Unsplash Skift Take: One wonders whether some travel companies like MakeMyTrip Group must rethink parts of their business during the pandemic. They may continue to struggle to pay out millions in refunds to customers due to … [Read more…]

Expedia CEO Details Anti-Google Game Plan

Expedia’s new CEO, Peter Kern, wants to reduce the company’s reliance on Google marketing. Expedia Group Skift Take: Can Expedia Group wean itself away from Google, and avoid performance marketing spending when it doesn’t hit return on investment targets? New CEO Peter Kern said the coronavirus crisis presents an opportunity to chase these goals. Kern … [Read more…]

Booking Holdings Sees First Signs of Changing Traveler Behavior Brought on by Pandemic

Booking Holdings saw travel rebounding in Vietnam (shown here), China, South Korea and Germany in April 2020. This is a file photo of Anam Villas, Nha Trang, Vietnam, a member of Worldhotels. Worldhotels Skift Take: Will it be hotels or alternative accommodations that bounce back first? Booking Holdings officials said they see a shift toward … [Read more…]

Travel’s Paralysis Will Hurt Google’s Advertising Business in Coming Months

Pictured is a Google office. The company forecasts a difficult second quarter for its advertising business. Associated Press Skift Take: Google’s advertising business slowed in March as the pandemic kicked in globally. The second quarter, which ends in June, could be worse, and travel advertisers doing everything they can to conserve cash will be one … [Read more…]

Travelsky Puts On a Brave Face as Chinese Flight Demand Slowly Rebounds

A China Southern aircraft. All Chinese airlines use travel technology firm TravelSky’s systems to manage their domestic businesses. China Southern Skift Take: Travelsky, China’s travel technology giant, said it will weather the coronavirus-related plunge in air travel without needing to lay off workers. Remarkably, in January it added a tool to its popular flight app … [Read more…]

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

A 2019 aerial shot of Rio de Janeiro, Brazil, a popular Latin American travel destination. CEO Despegar Damián Scokin announced the booking company’s fourth-quarter earnings on Thursday. Sergio Souza / Unsplash Skift Take: Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation … [Read more…]

Hostelworld Still Pushing on Expansion Even With $4.5 Million Coronavirus Profit Hit

The social area of the Lub D hostel in Phuket, Thailand. Hostelworld will take a financial hit from coronavirus. Hostelworld Skift Take: There’s not much travel companies can do about the coronavirus outbreak. Like many of its peers, Hostelworld is having to execute its growth strategy in an unfavorable environment. — Patrick Whyte Read the … [Read more…]

Amadeus Highlights Meager 1 Percent Air Traffic Growth in 2020 Outside China

Amadeus, the global provider of technology solutions for the travel industry, has its research and development center in near Nice, France at Sophia Antipolis. Amadeus is a bellwether for global air travel because it’s the sector’s largest technology provider. Cornavirus drove steep booking declines in February 2020. Amadeus Skift Take: Amadeus, the world’s largest provider … [Read more…]

Trivago Tests New Marketing Strategy and Products After ‘Rough’ Fourth Quarter

Skift Take: Trivago CEO Axel Hefer said the company will focus on those things it can control. But the issue for Trivago and some competitors is that there is so much they can’t control, including Google’s incursions, the rise of Airbnb, and the whims of major online travel agency advertisers when they cut their metasearch … [Read more…]

Online Travel Agency On the Beach Sees a Blessing and Curse From Thomas Cook’s Demise

An aerial photograph of Nissi beach Agia Napa, Cyprus. On the Beach has taken a financial hit from the Collapse of Thomas Cook. dronepicr / Flickr Skift Take: On the Beach’s purchase of Classic Collection Holidays now looks like a strategic masterstroke in light of the collapse of Thomas Cook. Brick-and-mortar travel agents in the … [Read more…]