Vacasa to Lay Off 320 – 5% of Workforce; COO to Leave
Vacasa is trying to get cash flow positive in 2024 by almost any means necessary.
Dennis Schaal is Skift’s Founding Editor and Executive Editor. Dennis has been a reporter focusing on online travel and short-term rentals for more than two decades at Skift, Tnooz, USA Today, and Travel Weekly. He is well-known for tough one-on-one interviews on stage at Skift events, including with the CEOs and top execs of Expedia, Uber, Booking Holdings, Priceline, Kayak, Hopper, and more.
Capital One Travel Launches Vacation Rentals Through Boutiq and AvantStay
As major credit card companies upgrade their travel footprints, vacation rentals have become a must-have.
Ryanair Is a Missing Piece in eDreams Odigeo’s Subscription Business
eDreams Odigeo's Prime subscription plan seems to be growing at a strong pace despite not offering Europe's largest airline. Could Ryanair and eDreams come to terms? Never say never.
Flight Centre Is Closing Its Gogo Vacations Unit
Flight Centre wanted to cut a money-losing division and refocus on a higher-end luxury client. RIP Gogo Vacations.
Expedia to Lay Off 1,500 – Nearly 9% of Workforce
Now that Expedia Group completed its move of Hotels.com and Vrbo onto the Expedia.com tech platform, it saw the opportunity to make further workforce cuts.
Tripadvisor Isn’t as Dependent on Its 2 Biggest Advertisers Anymore
As Tripadvisor's decade-old bet on Viator is paying off, Tripadvisor has become less reliant on advertising from Expedia and Booking.com.
Booking.com Hit With $530 Million Fine From Spanish Regulators
Booking Holdings CEO Glenn Fogel said the company would appeal the Spanish competition authority's $530 million draft decision if it becomes permanent.
Airbnb’s New Listing Verification Process Favors Pro Hosts
With fraud a substantial problem in online travel these days, Airbnb is undertaking the mammoth task of trying to verify listings. The process is easier for professional hosts.
Sonder to Lay Off 106 Workers – 17% of Corporate Staff
Sonder is cutting its overhead while it works with external advisors to figure out how to handle underperforming units.
Latin America’s Despegar Opens Travel Agencies to Get Travelers to Book Online
If you work for an online travel agency and suggested it open brick-and-mortar stores to bring customers online, you would get very quizzical looks, at the least. Let's see if it works in Argentina and Brazil for Despegar/Decolar.