Trivago Looks to Reorganize With ‘Significant’ Job Cuts
It's hard to see how Trivago survives the pandemic without an asset sale or private equity taking it private perhaps.
Coronavirus Travel News
Farelogix Pushes Seat Distancing Tech for Airlines After the Sabre Merger Collapses
Farelogix CEO Jim Davidson says the pandemic presents opportunities. Yet despite that brave face, it's hard to see Farelogix facing anything but revenue declines during the crisis now that it's lost the Sabre acquisition.
Southwest Moves Ahead of Schedule to Bring On Distribution Partners to Boost Corp Travel Bookings
It's a significant step since the launch of Southwest Business last year, designed to tap into the travel management community. Before the crisis, roughly a third of the airline’s traffic was corporate travel. This move could help it boost that market share.
Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll
Despegar had offered to pay a premium for Mexico's Best Day in January, but today the two companies are strapped for cash due to the pandemic's destruction of travel bookings. This acquisition may be one of several deals across the sector imperiled by coronavirus.
Tiny Sun Country Airlines’ Earlier Deal With Amazon May Just Help It Withstand the Crisis
Sun Country is betting its unusual model will help it endure the crisis better than other airlines. But it's no sure thing. The airline faces many of the same problems as other carriers.
A European Travel Ban to the U.S. Came At Least 5 Weeks Too Late: Here’s a Timeline of the Fallout
If airlines and travelers are counting on airport screenings and quarantines to be a effective counter-measures in the absence of a coronavirus vaccine, the CDC said these tactics will "have less impact" when transmissions are widespread. Everything depends on effective vaccines.
Luxury Hotel Group Caves to Pressure, Returns $59 Million in Relief Funds
Bigger companies are returning PPP funds, but that doesn't mean small hotel operators are having an easier time getting relief from the downturn in travel.
Warren Buffett’s Berkshire Hathaway Sells All of Its Airline Shares
Warren Buffett provided a no-confidence vote in the near-future of U.S. airlines, but elsewhere in travel private equity firms are betting billions of dollars that Expedia Group and Airbnb will emerge from the coronavirus crisis in relatively strong positions. Uncertainty reigns.
U.S. Hotel Profits Per Room Cratered to Losses in March
Gross operating profits tanked in March, and it could take until 2021 for them to get to levels where owners can satisfy operational costs and mortgage payments.
United Vows ‘No Sacred Cows’ in All-Out Effort to Save Airline
United President Scott Kirby has taken Covid-19 seriously since the virus first started spreading across the globe. Will that foresight help lessen the blow?