What 5 Years of Klook Says About the Strength of Its Asia Playbook

Mobile-first Klook. Klook Skift Take: Since Klook’s launch five years ago, big changes have occurred in the sector. TripAdvisor bought Viator, TUI-Musement, and Booking-FareHarbor, and most recently, Airbnb invested in Atlas Obscura. All this, plus competition from online travel agencies, will test Klook’s playbook, even though its strategies seem sound for now. — Raini Hamdi … [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…]

TripAdvisor Drops Outmoded Little Wiser Owl Character From Ads

A screenshot from a TripAdvisor ad campaign that kicked off August 15, 2019. TripAdvisor Skift Take: TripAdvisor’s new ad campaign is more hip than its usual fare. It also shows where its business is heading with hotel booking eventually having to share the limelight with tours and dining. — Dennis Schaal Slim Leather Travel Passport … [Read more…]

TripAdvisor Reveals Some of Its Tactics in Growing Experiences

A look at a decorative wall at TripAdvisor’s Needham, Massachusetts, headquarters. The online travel company revealed Wednesday more details on its strategy to become one of the world’s largest online travel agencies for tours, activities, and attractions. TripAdvisor Skift Take: TripAdvisor’s key tactics to grow its tours and activities business include the discounting of some … [Read more…]

TripAdvisor Reveals Details on Experiences and Restaurants Growth

A view of the lobby in the global headquarters of TripAdvisor in Needham, Massachusetts. In the first quarter of 2019, TripAdvisor’s revenue declined 1 percent year-over-year, to $376 million. But its new business units grew at a double-digit pace during that time. TripAdvisor Skift Take: TripAdvisor’s greater transparency in its financial reporting is to be … [Read more…]

Klook Receives $225 Million SoftBank Investment in Nod to Tours and Activities

Klook’s co-founders, from left, COO Eric Gnock Fah, CEO Ethan Lin and chief technology officer Bernie Xiong. Photo Credit: Klook. Skift Take: For the first time, an Asian startup, Klook, is attracting the highest funding ever in tours and activities. For the last time, can skeptics of this travel sector please bow out? — Raini … [Read more…]

GetYourGuide Defies Conventional Wisdom on Tour Booking So Far

GetYourGuide cofounders CEO Johannes Reck (left) and CTO Tao Tao at the company’s Berlin headquarters. GetYourGuide Skift Take: GetYourGuide may close an approximately $300 million funding round this year with possible participation by new investors like SoftBank and Temasek. If true, investors would be betting that the attractions booking agency can continue to defy several … [Read more…]

How TUI and Rezdy Fit Into Ctrip’s Growth Strategy Outside China

Chinese tourists traveling farther afield. Clem Onojeghuo / Clem Onojeghuo, Unsplash Skift Take: China slowdown? Meituan rivalry? Naaah, Ctrip had a fab 2018. Domestic travel remains strong, but it is international travel growth that’s exciting. Now we know what drives its latest partnerships with TUI’s Musement and Rezdy. — Raini Hamdi Slim Leather Travel Passport … [Read more…]