Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.

Online Travel

FareHarbor Taps Longtime Booking.com Product Vice President as CEO

1 year ago

FareHarbor, the Booking Holdings’ tours and activities reservations tech platform, has a new CEO, Skift has learned.

Wellness travel companies are starting to offer more niche experiences like mountain hiking-meets-spa retreats. Source: Unsplash

Andrea Carini, who served as vice president of product development at fashion retailer Otrium for the past 10 months, began carrying out his CEO role at FareHarbor this week. There has been no public announcement about the hiring.

For nearly 10 years and up until April 2022, Carini was vice president of product development at Booking.com.

Carini replaced Ted Clements, who was acting CEO at FareHarbor for one year, until October 2022. Clements this month became CEO of WeTravel, an Amsterdam-based travel booking and payments platform.

FareHarbor takes offline tours and activities, and brings them online with a variety of booking services and payment tools.

Online Travel

FareHarbor Acting CEO Ted Clements to Step Down

2 years ago

Ted Clements, FareHarbor’s acting CEO who served as chief operating officer for the last three years, will step down from these positions in September, Skift has learned.

A small group tour of the Vatican. Source: Viator

Staff was informed of the move Tuesday, and no replacement has been named. Clements plans to stay in Amsterdam, headquarters for sister company Booking.com, and may pursue new opportunities, according to the announcement.

Rob Ransom, senior vice president, global strategy and business development for Booking Holdings, made the internal announcement, and said he would play a more active role in FareHarbor.

FareHarbor more than doubled its revenue during the years Clements served as chief operating officer, according to the announcement.

Tours and activities are key to Booking Holdings’ connected trip strategy, which aims to provide a hassle-free travel experience throughout the journey.

Booking Holdings acquired FareHarbor, a tours and activities technology and distribution platform, in 2018 for $139 milliion net of cash acquired and $110 million in stock.

FareHarbor co-founders Lawrence Hester and brother Zachary Hester left Booking Holdings in July 2021. Max Valverde, who served as FareHarbor CEO from 2019 to 2021, likewise left Booking at that time.

FareHarbor’s strategy has evolved over the last few years, evolving from an exclusively build-your-own strategy model in the early days under Booking Holdings to include FareHarbor outsourcing some of that work to partners such as TUI’s Musement and Viator in recent years.

The changing of the guard at FareHarbor comes as Google is getting more aggressive in building its own “things to do” business with an emphasis on big attractions. Booking engines such as FareHarbor and Peek participate in Google’s offering.

Watch out for updates.