Ctrip Changing Name to Trip.com Group to Emphasize International Business

Harbor views from Marco Polo Hotel in Hong Kong. Will calm return to the city? The volatile situation in Hong Kong, political tensions with Taiwan, and the U.S.-China trade war have negatively impact Ctrip’s business. Wharf Hotels Management Skift Take: Ctrip, or the company soon-to-be known as Trip.com Group Ltd., is banking on international growth … [Read more…]

TravelSky’s Performance Offers a View of China’s Slowing Air Travel Market

China Eastern Airlines is one of many domestic Chinese airlines to rely on TravelSky, a tech vendor, for its computing needs. TravelSky reported its first-half 2019 earnings on Thursday. China Eastern Airlines Skift Take: New data from China’s travel tech giant TravelSky shows that the country’s pace of air travel growth slowed in the first … [Read more…]

Online Travel Agency eDreams Odigeo Urges Investors to Stick Around

An aircraft in the sky. eDreams is diversifying its product offering. tatsuo yamaguchi / Flickr Skift Take: EDreams believes it has developed a long-term recipe for success but needs time to realize those gains. If it can convince enough people to sign up — and stay signed up — to its subscription service it might … [Read more…]

How Australia’s Webjet Is Building a Global Business by Going Wholesale

The WebBeds logo. Parent company Webjet is after more B2B acquisitions. Webjet Skift Take: Webjet has really transformed its business over the past few years through a couple of sizable acquisitions. The Australian consumer market is proving pretty tough, so pursuing a strategy of global expansion in the wholesale arena makes sense. — Patrick Whyte … [Read more…]

Hostelworld Wants to Offer More Than Just Accommodations

The roof terrace at Casa Gracia in Barcelona. Hostelworld sees a future beyond accommodation. Hostelworld Skift Take: CEO Gary Morrison has shaken things up since taking over at Hostelworld last year. His new strategy will take time to play out, but as a niche business, it seems sensible to try and do things differently from … [Read more…]

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

Some banknotes from the United Kingdom. On the Beach Group shares plunged after the UK-based online seller of package vacations warned full-year profit will miss expectations because of the weakening pound. Bloomberg Skift Take: A drop in the value of the British pound relative to the euro and the dollar is pressuring On the Beach. … [Read more…]

Despegar Uses Installment Payments to Prod Demand

In 2019, Despegar launched a rebranded logo and marketing campaign that included tote bags with a theme of the online travel agency helping people plan all parts of their trip. The logo was done by brand consultant Saffron. Despegar Skift Take: Some religions take it on faith that their messiah will come, but they stoically … [Read more…]

TripAdvisor Looks to Counter Google by Considering Loyalty Initiatives for First Time

TripAdvisor saw decreased free traffic from Google in the second quarter of 2019. Pictured is Google Maps, a key part of Google’s travel initiatives. Bloomberg Skift Take: A new loyalty program and a brand campaign to bolster direct traffic and user engagement are among the measures TripAdvisor is working on to counter the fact that … [Read more…]

Booking Holdings CEO Sees Greater Need for Urgency Under New Exec Structure

Booking Holdings CEO Glenn Fogel wants to speed up the pace of execution at the company. BTO / Flickr Skift Take: Booking Holdings, along with Expedia Group, have both had to deal with acquisitions and integrations that have been taking too long. Booking officials are undoubtedly frustrated with the pace of progress at OpenTable and … [Read more…]

Sabre Hunts for More Tech Deals to Overcome Sales Slump

A Sabre conference room at its headquarters in Southlake, Texas. Sabre reported its quarterly earnings on Thursday. The travel technology company based in Southlake, Texas, saw continued growth in distribution. Sabre Skift Take: Sabre’s management must have seen this quarter’s sales slowdown coming. After all, the company’s prior management had underspent in the research and … [Read more…]