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 Slim Leather … [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…]

Booking Holdings Sees Brand Collaborations as Key to Restoring Growth on Steroids

Booking Holdings believes it can gain a more complete view of travelers at the airport or in their destinations to boost the number of repeat customers. Medjet Skift Take: The road back to a flywheel of growth would be a lengthy one for Booking Holdings. Google has a ton of data, too, as do other … [Read more…]

Google’s Travel Gains Levy Pain at TripAdvisor and Expedia

TripAdvisor CEO Steve Kaufer (left) and Expedia Group CEO Mark Okerstrom separately pointed to Google as hurting their businesses’ performance in the third quarter of 2019. TripAdvisor and Expedia Skift Take: The fact that Google is leveraging its dominance as a search engine into taking market share away from travel competitors is no longer even … [Read more…]

Expedia’s Reorganization Efforts Make the Company Less Nimble

Expedia Group is reshaping its internal teams, which contributed to a weak third quarter of 2019. Expedia Group Skift Take: Behind the scenes, the reorganization within Expedia Group must be ugly. Otherwise the CEO wouldn’t have cited it near the beginning of his prepared remarks during the earnings call. The last time Expedia cited a … [Read more…]

Trainline Experiments With Hotels to Boost Revenue

The Trainline logo. The company is branching out into other areas to generate more revenue. Trainline Skift Take: Understandably, CEO Clare Gilmartin didn’t want to play up moves into other travel areas too much at such an early stage, but we’ll be keeping a close eye on how the company evolves over the next few … [Read more…]

Sabre Predicts Clear Skies for Its Airline Distribution and Tech Businesses

Sabre CEO Sean Menke shown at an industry event in Kraków, Poland, in 2017. Sabre, a travel technology company, reported third-quarter earnings, with revenue up 1 percent year-over-year, totaling $984 million. Sabre Skift Take: To paraphrase Sabre executives, airlines in North America are too fat and happy to be bothered to mimic the experiments with … [Read more…]