Despegar Believes Financial Tech Will Hasten an Online Travel Recovery in Latin America

Tourists at Iguazu Falls, one of the world’s great natural wonders, on the border of Brazil and Argentina. Online travel booking company Despegar has bought fintech firm Koin as a tool to appeal to many offline travel buyers who don’t use banks. R.M. Nunes / AdobeSkift Take: Online travel brands can no longer count on…… Continue reading Despegar Believes Financial Tech Will Hasten an Online Travel Recovery in Latin America

Expedia Bolsters Its Promise to Streamline by Sharpening Use of Data

Expedia dancers in pre-Covid times, May 8, 2007, outside an Illinois state government building. Daniel O’Nell / Flickr.comSkift Take: Using an American football analogy, Expedia Group is working on technique and drawing up a new playbook during its bye week. The company claims to not care much about market share dynamics now because travel volumes…… Continue reading Expedia Bolsters Its Promise to Streamline by Sharpening Use of Data

New Upbeat Trends in Latin America Offer Trivago Hope

The facade and logo outside Trivago headquarters in Dusseldorf, Germany in 2018. Trivago officials forecast a recovery in the second half of 2021. TrivagoSkift Take: Trivago has big structural problems, such as two online travel agencies being responsible for three-quarters of its referral revenue, but it appears to be managing costs and pumping out product…… Continue reading New Upbeat Trends in Latin America Offer Trivago Hope

China’s Trip.com Group Has ‘Less Worse’ Second Quarter Than Booking and Expedia

The exterior of a Wangfujing Mandarin Oriental Hotel in Beijing. Trip.com Group said the high-end hotel sector is propelling its financial results. Mandarin OrientalSkift Take: In some respects, travel companies are prisoners of their geographic strengths and weaknesses in the Covid-19 era. Operational considerations aside, it sure didn’t hurt Trip.com Group to be based in…… Continue reading China’s Trip.com Group Has ‘Less Worse’ Second Quarter Than Booking and Expedia

Latin America’s Despegar Is on a Buying Spree Despite Pandemic Challenges

Ipanema Beach in Rio de Janeiro. Despegar is dealing with the coronavirus calamity, with a recovery yet to begin in much of Latin America. sandeepachetan.com / Flickr.comSkift Take: Despegar is playing the hand it’s been dealt during the depths of the coronavirus crisis, and that means it will cut costs, ensure liquidity, and be on…… Continue reading Latin America’s Despegar Is on a Buying Spree Despite Pandemic Challenges

Gogo in Talks to Sell Its In-Flight Wi-Fi Business

A passenger uses in-flight internet service on a flight. Gogo, the in-flight internet company, is in talks to sell its commercial aviation business to a competitor, the company said. GogoSkift Take: Let’s hope the deal talks will go faster than Wi-Fi aboard a plane. — Sean O’NeillRead the Complete Story On Skift

U.S.-China Tensions Could Roil Internet Usage Rules, Hurting Online Travel: Booking CEO

Booking Holdings CEO Glenn Fogel spoke with CNBC’s Seema Mody on August 7 about the company’s earnings. CNBCSkift Take: All of the world’s consumers and businesses will suffer if governments turn the internet into a “splinternet.” Booking Holdings CEO Glenn Fogel is one of rare U.S. public figures to say this out loud. — Sean…… Continue reading U.S.-China Tensions Could Roil Internet Usage Rules, Hurting Online Travel: Booking CEO

Sabre Preps for a World Where Global Corporate Travel Lags a Broader Rebound

A United Airlines 787 Dreamliner. This week United said it had extended its global distribution agreement where it provides travel agents access to its airfares and other content through the Sabre travel marketplace. UnitedSkift Take: A crisis makes reputations. Sabre’s top bosses have seen the pandemic render useless their old playbook for handling a collapse in demand.…… Continue reading Sabre Preps for a World Where Global Corporate Travel Lags a Broader Rebound

Booking Holdings Says Leisure Hotels Are Able to Hold Rates Without Having to Offer Deep Discounts

A jetty for guest arrivals at the Baros Maldives, a luxury property in the Baros resort island in the Maldives that reopens October 1, 2020. Baros MaldivesSkift Take: A hotel price war hasn’t materialized as some dreaded. Booking Holdings CEO Glenn Fogel sees an opportunity to prove the value of his brands as a source…… Continue reading Booking Holdings Says Leisure Hotels Are Able to Hold Rates Without Having to Offer Deep Discounts