Why Airlines Keep Creating Even More Types of Fares

Shown here is the “first lounge” of Qantas airlines at the main international airport in Sydney, Australia. Qantas offers fare types like Red eDeal, Flex, and Businesss as a way to squeeze out incremental margin on ticket prices and defend against market share incursions. Qantas Skift Take: Many airline executives insist that their so-called New … [Read more…]

Travelport, IBM and BCD Travel Use Blockchain to Manage Hotel Commissions

Pool at Loews Santa Monica Beach Hotel. Loews Hotels Skift Take: Blockchain isn’t as hyped up as it used to be during the bitcoin craze, but companies are still finding its function as a secure ledger useful. If this catches on, it could provide some much-needed transparency to the hotel reconciliation process. — Isaac Carey … [Read more…]

Travelport CEO Gordon Wilson Will Exit Role

Exiting Travelport CEO Gordon Wilson speaks at Skift Tech Forum 2018 in San Francisco, Calif. Skift Skift Take: Gordon Wilson will leave Travelport after taking the company private. The company has a travel technology veteran lined up to take the reins, and Travelport needs all the help it can get to compete against Sabre and … [Read more…]

Travelport Finally Goes Private This Week in $4.4 Billion Deal

Travelport CEO Gordon Wilson spoke at Skift Tech Forum in June 2018. The company is set to go private in a deal pending regulatory approval. Skift Skift Take: By the end of this week, Travelport is expected to leave the public markets in a $4.4 billion leveraged buyout. After months of waiting, the company can … [Read more…]

Travelport’s Plans to Go Private Held Up by Russian Regulators

Travelport CEO Gordon Wilson was in high spirits when his company debuted on the public markets in New York in 2014. The travel technology company quietly reported its first quarter 2019 earnings on Friday. The company is weeks away from going private. Travelport Skift Take: Russian regulators have put up obstacles to the long-discussed buyout … [Read more…]

Travelport’s Plan to Build Market Share With U.S. Airlines and Agencies

European travel management company BCD uses Travelport to power its TripSource itinerary management app. Travelport, based in the UK, has been expanding its presence in the U.S. BCD Travel Skift Take: Travelport sees an opportunity to gain share with mid-market travel management companies in the U.S., which seems plausible. But it will need to keep … [Read more…]