Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Widely divergent payment methods around the world provide an opportunity for disruption. Wex informed Travelport that it wants to back out of its agreement to buy eNett and Optal. Grab Skift Take: It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It’s … [Read more…]

Are the Views of the CEOs of Tripadvisor and Booking Holdings Sage or Stale for Travel Post-Pandemic?

Tripadvisor CEO Steve Kaufer (left) and Booking Holdings CEO Glenn Fogel appeared separately at the Skift Global Forum in New York City in 2019. Skift Skift Take: Surprises will inevitably pop up that Glenn Fogel, Steve Kaufer, and others can’t envision now about what the travel industry may look like in 2022 and beyond. So … [Read more…]

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Pictured is Expedia Group chairman Barry Diller. Two private equity firms may invest in the company to get it through the coronavirus pandemic. Patrick Fallon / Bloomberg Skift Take: Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood … [Read more…]

Hipmunk Co-Founders Spurned by SAP Concur in Attempt to Buy Back the Company

Hipmunk co-founders Adam Goldstein (left) and Steve Huffman tired to buy back the company from Concur. Hipmunk Skift Take: It isn’t very unusual for a company like Hipmunk to get acquired and then to fade into oblivion in the clutches of a much larger corporation. That’s the way it goes in the heartless mergers-and-acquisitions game. … [Read more…]

Expedia Group’s Conundrum: Acquisitions or Share Repurchases?

Pictured are the logos for some of the Expedia Group brands. The company hasn’t made a major acquisition in several years. Skift Take: Expedia Group doesn’t intend to hoard piles of cash for a rainy day. The company purports to favor share repurchases over acquisitions, all things being equal, but if a rainmaker of a … [Read more…]

Amazon’s Travel Strategy Comes Into Focus

Amazon previously tried selling hotel stays via weekend getaways, but is trying anew with flights in India. Skift Skift Take: The same rules that apply to run-of-the-mill travel sellers do not necessarily apply to Amazon. While cash back on flights in India may seem loss-generating and unsustainable, for Amazon it could be a winning strategy. … [Read more…]