Skift Take
In digital news this week, Expedia Vice Chair Peter Kern sought to rally his workforce by saying it was time to focus and help the company's travel partners suffering in the wake of coronavirus. Plus, Trip.com Group said it would likely see a 50 percent drop in first quarter revenue but offered some hope that travel was slowly recovering in China.
Expedia Vice Chairman Tells Employees It’s Time to Focus and Help Our Travel Partners: There will be a reckoning and perhaps a reordering of the competitive landscape once the coronavirus crisis fades. Meanwhile, companies such as Expedia Group know they need to have extreme focus to dig out of the mess.
Trip.com Group Expects 50 Percent Drop in First Quarter Revenue But Sees Some Local China Recovery: To hear that signs of recovery are in sight from China’s biggest travel firm is offering the battered tourism industry a glimmer of hope
Tripadvisor’s Controlling Shareholder Gets $325 Million Investment From Certares: This deal bet