Categories
covid-19 Digital hotel revenue hotels online travel agencies SkiftX travel travelport

Hotel Revenue: A Recovery Guide for Travel Agencies

Skift Take: Our new eBook, Hotel Revenue: A Recovery Guide For Travel Agencies, encourages travel agencies to pivot their value proposition, and hone in on hotel sales as they chart the path to post-Covid recovery. — Travelport Read the Complete Story On Skift

Categories
covid-19 Digital online travel agencies SkiftX travel travel recovery travelport

New Webinar: How Online Travel Agencies Can Increase Conversions in Recovery

Skift Take: With travelers’ needs and behaviors shifting substantially in the past year, we’re running a new webinar to help inform and guide online travel agencies on the best tactics to use to convert travelers to aid their recovery. — Travelport Read the Complete Story On Skift

Categories
bankruptcies debt Digital elliott management global distribution systems Services travel travel technology travelport

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Travelport is in a standstill agreement with its Wall Street creditors, holding off lenders until September in a $1.15 billion dispute over alleged debt defaults. Lucas Jackson / Reuters […]

Categories
Coronavirus and Airlines Digital elliott management global distribution systems Services travel travelport

Travelport Seeks Sharper Distribution Edge Despite Pandemic’s Hit to Revenue

Southwest Airlines operations during the coronavirus outbreak in April 2020. Southwest added participation in Travelport’s reservation systems this year. Stephen M. Keller / Southwest Airlines Skift Take: Travelport’s response to the pandemic shows that purpose can defy skeptics. But uncertainty around the fate of its eNett sale may last for months. — Sean O’Neill Read […]

Categories
coronavirus Coronavirus and Airlines coronavirus recovery Digital Services travel travelport

New Booking Data Shows Lopsided Global Recovery Frustrating Travel Outfits

Raffles Hotel and Resorts opened its Raffles Bali property in July 2020, with 32 ocean view villas in Jimbaran. Accor Skift Take: You can’t really talk about a global recovery for the travel sector overall. Regions are out of sync, reveals new data from Travelport. Companies are affected differently, depending on their market exposure. — […]

Categories
Digital gds. global distribution systems global distributions systems investments private equity Services travel travel technology travelport

Travelport Receives $500 Million in Fresh Financing From Private Equity

Travelport CEO Greg Webb. The company said Friday it had received commitments for $500 million in financing from its private equity owners Siris Capital and Evergreen Coast Capital. Travelport Skift Take: The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute. […]

Categories
Booking Sites brussels airlines concur Coronavirus and Airlines eurowings germanwings lufthansa sabre southwest swiss air travel travelport

Breakdown of Lufthansa and Sabre Deal Signals New Risks for Corp Travel

Lufthansa, Austrian Airlines, Swiss and Brussels Airlines fares will not be bookable on Sabre as of June 30, 2020. Bloomberg Skift Take: The exact reasons for wanting to terminate the content deal aren’t clear, but Lufthansa’s direct-selling drive might have something to do with it. — Matthew Parsons Read the Complete Story On Skift

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
Digital digital payments fintech mobile payments payments Services travel travelport wex

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

A shot of Melissa Smith, Chair and CEO of payments company Wex, while speaking during a Ted Talk. Smith led the acquisition of eNett, a travel sector payments company. Wex Skift Take: With this deal, Wex now becomes a powerhouse in assisting business-to-business travel payments worldwide. The deal also gives cash to seller Travelport, which […]

Categories
airline distribution amadeus Digital duffel new distribution capability sabre Startups travel travelport

Duffel Joins Wave of Startups Accelerating Efforts to Reinvent Airline Distribution

Passengers at a boarding gate at Frankfurt airport in a photo take in 2017. Lufthansa is one of the airlines distributing airfares via Duffel, a new travel technology distribution service. Duffel, a company that helps airlines sell their tickets, has quietly amassed more venture capital funding than all other next-generation airline distribution startups. Gregor Schlaeger […]