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Hotels
Today's edition of Skift's daily podcast looks closer at IHG’s new brand, Booking Holding’s European concessions, and a JetBlue-Spirit Air timeline.
Rashaad Jorden | 9 months ago
Online Travel
Booking Holdings' proposed remedy to push through its pending deal to acquire eTraveli Group may not be enough. Perhaps additional concessions or litigation are in the offing.
Dennis Schaal | 9 months ago
We saw during the pandemic how important it was for companies to have plenty of cash and the ability to borrow more. Airbnb and Booking Holdings have ample resources for big things on their to-do lists.
Short-Term Rentals
Hungarian short-term rental hosts on Booking.com face significant payment delays, causing potential business closures. Despite Booking.com attributing delays to system updates, payments have not resumed as initially promised.
Today's edition of Skift's daily podcast looks closer at junk fees in Texas, price hikes at tourist landmarks, and increasing travel demand in Europe and Asia.
This likely won't be the last lawsuit against online travel companies related to allegedly deceptive fees because Booking Holdings is not the lone party handling fees in this way.
The major hotels and OTA companies reported strong earnings this month, signaling robust travel demand despite economic uncertainties. The companies most skewed to Asia now offer the greatest potential for growth and share price gains.
Pranavi Agarwal | 9 months ago
Tourism
Upbeat outlooks from airlines and hotels show no signs of travel slowdown. But these forecasts certainly come with some risks and concerns.
Joanna Plucinska, Rajesh Kumar Singh, Priyamvada C and Doyinsola Oladipo, Reuters | 9 months ago
There can be an ebb and flow to market share tussles. If Expedia Group indeed grew faster than Booking in the U.S. while Expedia has been distracted by a loyalty program launch and a tech platform migration, then additional gains could be in the offing in 2024, as well.
Despite talk of economic uncertainly going on two years, Booking Holdings' results – and forecast – indicate travelers still aren't slowing down.
Justin Dawes | 9 months ago
