Categories
best day Booking Sites Coronavirus and Airlines despegar Digital earnings koin latin america mergers private equity travel

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.com Skift 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 […]

Categories
acquisitions advertising Booking Sites Digital m&a Media mergers travel tripadvisor

Tripadvisor Is a Media Business So Why Did It Unload These 8 Brands?

This November 2004 screenshot shows Booking Buddy’s hotel compare tool. Booking Buddy was one of the brands that Tripadvisor sold to Hopjump in July 2020. PlaceIt by Breezi Skift Take: While other online travel companies, such as Expedia Group, pursued robust media businesses over the years, Tripadvisor neglected it. In turn, it’s now trying to […]

Categories
acquisitions coronavirus Digital elliott management eNett gdss global distribution systems mergers payments Services travel travelport

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 […]

Categories
booking holdings Booking Sites booking.com Coronavirus and Hospitality Digital direct booking hotels mergers metasearch short-term rentals travel tripadvisor

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 […]

Categories
airbnb Booking Sites Digital expedia mergers mergers and acquisitions private equity silver lake travel

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 […]

Categories
Booking Sites business travel concur corporate travel Digital hipmunk m&a mergers metasearch sap travel

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. […]

Categories
Booking Sites Digital expedia experiences homeaway m&a mergers mergers and acquisitions share repurchases tours and activities travel vrbo

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 […]

Categories
airlines amazon amazon prime Booking Sites Digital expedia flights india loyalty m&a mergers travel

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. […]