EBITDA is a pretty useless at telling you anything about the real profitability of a company. We’ll have to wait until it publishes audited accounts sometime next year.
This smells more of politics than smart planning. And we would argue it isn't a good idea to get rid of one of the more talented DMO executive teams in the U.S. just when your state is strategizing how to make up for declining visitation from Canadians, UK nationals, and others.
Overall, the initial day of trading amounted to a modest success for Trivago. Its founders made a bundle, it generated a couple of hundred million dollars for expansion, and its valuation crossed the $4 billion threshold -- even though it had hoped for much more and was undoubtably disappointed about the manner in which it debuted. This is a long game; verdicts now are meaningless.
It takes a lot of interconnected technology to power personalization efforts for travel brands. In this post, Epsilon offers a practical guide to getting started.
The cruise industry is generally very good at getting passengers to fill all their ships, especially new ones with the latest bells and whistles. Executives have also been trying to get those passengers to pay more for their trips, which is sometimes a struggle.
Love it or hate it, the online travel industry would arguably not exist without the promotional firepower generated by paid digital advertising. As more online consumers choose to avoid this advertising using ad blocking tools, it's raising some difficult questions about how travel companies should proceed.
From private jets to vacation rentals to mobile flight bookings, this week's funding rounds represent some of the most talked about sectors in the travel industry in 2016 and give some sense of where they're heading in the new year.