2013 Archives

Cruises

Carnival's Q4 Impacted by Higher Advertising Spend, Advance Bookings Show Weakness

Increased advertising, lowering cruise prices and trying to win back the hearts and minds of travel agents have been key to Carnival's brand-rebuilding efforts. Advanced bookings for 2014, even though they are on par with last year's lower pricing, have been sluggish, pointing to the challenges ahead for Carnival.
Online Travel

Sabre Lays Off More Than 200 Employees In Addition To Job Cuts at Travelocity

By bringing in former Continental chairman and CEO Larry Kellner as Sabre chairman, and installing Tom Klein as the new CEO, Sabre is signaling that it is readying a strategic move, possibly an IPO, in the near future. The Travelocity deal with Expedia, Travelocity divestments of zuji and Travelocity Business, and these layoffs may all be pieces of the puzzle.
Hotels

Luxury Vacation Club Inspirato Acquires Competitor Portico

Although these companies represent only a piece of the growing vacation rental market, their calculated combination suggests that other rental competitors could see the benefits in similar deals in the next few years.