Articles tagged “attractions”

TripAdvisor Exec Accuses GetYourGuide of Fear-Mongering

TripAdvisor Exec Accuses GetYourGuide of Fear-Mongering

Dennis Schaal, Skift

TripAdvisor and Booking Holdings are seemingly playing nice and fair with the tours and activities companies for now, but what happens five years from now when competition gets more intense and extracting profits is more of a mandate? Will push come to shove?

1 month ago

Expedia CEO Admits Tours Business Is Underfunded

Expedia CEO Admits Tours Business Is Underfunded

Dennis Schaal, Skift

Expedia and Ctrip are the two large online travel companies that have so far not acquired a technology partner to foster the growth of their tours and activities' businesses. GetYourGuide argues that these tech/connectivity companies should remain independent, but how long will it be before some of these smaller companies get scooped up?

2 months ago

U.S. Attractions Fail to Satisfy Minority Visitors

U.S. Attractions Fail to Satisfy Minority Visitors

Sarah Enelow-Snyder, Skift

U.S. attractions could do a much better job of serving travelers of color. It's not just a matter of marketing and content curation but hiring practices as well.

3 months ago

Activist Investor Urges Legoland Operator Merlin to Go Private

Activist Investor Urges Legoland Operator Merlin to Go Private

Thomas Mulier, Bloomberg

It's difficult to see ValueAct capital getting its way unless 30 percent shareholder and Danish billionaire Kjeld Kirk Kristiansen backs the plan. Needless to say Merlin's board still believes it is on the right track.

4 months ago

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

Sean O'Neill, Skift

SoftBank has upended the sales of tours and attractions by investing record-breaking sums in GetYourGuide and Klook. That's boosted valuations to such lofty levels that it may leave only a few options: Merge or go public.

4 months ago

Booking Drops Hotel Requirement to Book Tours and Activities

Booking Drops Hotel Requirement to Book Tours and Activities

Dennis Schaal, Skift

Booking.com's hotel focus has given way to a strategy to serve travelers at every portion of the trip. TripAdvisor already does it, Expedia too. Airbnb is on that full-service road. So Booking.com will have plenty of company.

4 months ago

Theme Park Operator Parques Reunidos Gets $703 Million Takeover Approach

Theme Park Operator Parques Reunidos Gets $703 Million Takeover Approach

Patrick Whyte, Skift

With two of the company’s minority shareholders on board, this bid looks like it’s got a good chance of succeeding. But will any of Parques Reunidos’ rivals fancy getting involved with their own bids?

5 months ago

GetYourGuide Defies Conventional Wisdom on Tour Booking So Far

GetYourGuide Defies Conventional Wisdom on Tour Booking So Far

Sean O'Neill, Skift

GetYourGuide may close an approximately $300 million funding round this year with possible participation by new investors like SoftBank and Temasek. If true, investors would be betting that the attractions booking agency can continue to defy several assumptions about young travel companies.

6 months ago

GetYourGuide Will Market Some Tours and Activities Under Its Own Brand

GetYourGuide Will Market Some Tours and Activities Under Its Own Brand

Sean O'Neill, Skift

GetYourGuide is betting that travelers will prefer to book GetYourGuide-branded tours over locally branded ones. This diagonal integration echoes marketing moves made by Oyo in hotels and RedAwning in lodging rentals. But will it work?

1 year ago

TripAdvisor CEO Doubles Estimate of Attractions Business to $2 Billion

TripAdvisor CEO Doubles Estimate of Attractions Business to $2 Billion

Dennis Schaal, Skift

The tours and activities sector is not hotels 2.0. It's a massive business opportunity, though. TripAdvisor CEO Stephen Kaufer estimated it will be about half the size of the hotel sector, with similar take rates. That's indeed very substantial.

1 year ago

TripAdvisor Attractions Unit Will Rebrand as Experiences

TripAdvisor Attractions Unit Will Rebrand as Experiences

Dennis Schaal, Skift

And the winner is ... "experiences." It's a trendy way these days to refer to what formerly were known as tours and activities or attractions. Following Airbnb and Booking.com, TripAdvisor's new business unit will be called TripAdvisor Experiences. Breathing is an experience and living is an experience. Does the name du jour really reflect tour and activities offerings?

1 year ago

New Skift Research Report: The State of Tours and Activities 2018

New Skift Research Report: The State of Tours and Activities 2018

Rebecca Stone, Skift Research

The digital revolution has finally come for tours and activities. Our latest research report dives into challenges for this fragmented sector as it shifts increasingly online and to mobile, but highlights the potential market opportunity for a very diverse, experiential space.

2 years ago