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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 Maldives Skift 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 […]

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Spain’s eDreams Odigeo Sees Revenue Hit Due to Crisis

Image of a French town. Frederic Jutant / EDreams Odigeo Skift Take: Analysts expected the revenue loss. They liked hearing that the travel group won’t need new financing. — Sean O’Neill Read the Complete Story On Skift

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India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

The Jal Mahal Palace near Jaipur, which is the capital of the state of Rajasthan, India. Sayan Nath / Unsplash Skift Take: One wonders whether some travel companies like MakeMyTrip Group must rethink parts of their business during the pandemic. They may continue to struggle to pay out millions in refunds to customers due to […]

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EDreams Now Has a Half Million Paying Travel Subscribers

Image of a French town. EDreams Odigeo, the travel agency group, has a half-million users of its hotel and flight buying subscription service called Prime. Frederic Jutant / Edreams Odigeo Skift Take: The subscription model continues to show promise in travel. — Sean O’Neill Read the Complete Story On Skift

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Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Cityscape of Buenos Aires, Argentina. JumpStory Skift Take: Despegar, Latin America’s largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe. — Sean O’Neill Read the Complete Story On […]

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Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

A view of Schiphol International Airport in Amsterdam, Netherlands in August 2018. Amsterdam-based Travix has been acquired by online travel giant Trip.com Group at a time when many smaller online travel agencies across Europe are looking for mergers and acquisitions. Piroschka van de Wouw / Reuters Skift Take: Smaller online travel agencies try to make […]

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Travel Agency MisterFly Slams Airlines for Delayed or Denied Refunds

Nicolas Brumelot, co-founder and president of Misterfly, poses at the Paris headquarters of his online travel agency. Source misterfly MisterFly Skift Take: Everyone in the travel industry is frustrated right now with much of the world frozen up. But Nicolas Brumelot, the co-founder and president of travel startup Misterfly, speaks for many agencies frustrated by […]

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Expedia Business Services’ New Top Boss to Pull Levers for Long-Term Growth

Ariane Gorin is shown here talking at Explore ’18, the Expedia group customer conference, on December 6th, 2018 at the Aria in Las Vegas, Nevada. Last December, the company promoted Gorin to an expanded role as group president of Expedia Business Services. Expedia Skift Take: Expedia in December promoted Ariane Gorin to become boss of […]

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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 […]

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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 Read the […]