Articles tagged “earnings”

Airbnb Revenue Reached $1 Billion in Profitable Third Quarter

Airbnb Revenue Reached $1 Billion in Profitable Third Quarter

Olivia Zaleski, Bloomberg

When is that IPO coming, again? And how interesting is it that this news comes just days after an arguable negative report from Morgan Stanley about the health of Airbnb's business?

1 week ago

Disney Is Hiking Its Spending on Park Projects by Nearly $1 Billion

Disney Is Hiking Its Spending on Park Projects by Nearly $1 Billion

Hannah Sampson, Skift

Disney's $4 billion purchase of Lucasfilm and the Star Wars franchise five years ago is the deal that keeps on giving — and costing, given all the additional investment in store. The entertainment giant clearly sees a future full of big returns on that investment.

2 weeks ago

Online Travel Plunge Spurs Investor Wariness

Online Travel Plunge Spurs Investor Wariness

Sean O'Neill, Skift

When Priceline sneezes, the online travel industry catches a cold.

2 weeks ago

NCL Boss Predicts New Cuba Rules Are Good for Cruise Lines

NCL Boss Predicts New Cuba Rules Are Good for Cruise Lines

Hannah Sampson, Skift

Could cruise lines actually benefit from stricter regulations on American travel to Cuba? Norwegian Cruise Line Holdings CEO Frank Del Rio thinks so — and with even more cruises scheduled to the island next year, he'll find out if he's right.

2 weeks ago

Emirates Profits Rise After Cost Cuts and Laptop Ban Reversal

Emirates Profits Rise After Cost Cuts and Laptop Ban Reversal

Christopher Jasper, Bloomberg

Even well-funded Emirates isn't immune to the headwinds that are making life more challenging for airlines in the Middle East. The cost-cutting measures that it has already taken have helped turn things around this year.

2 weeks ago

Marriott CEO: Don’t Expect Us to Play in the Midscale Space

Marriott CEO: Don’t Expect Us to Play in the Midscale Space

Deanna Ting, Skift

Are 30 brands enough for one hotel company to have? They might be, for now, but we wouldn't rule out the possibility of wanting to add more in a year or two, especially in that red-hot midscale space.

2 weeks ago

Royal Caribbean Bookings Bounced Back After Costliest Hurricane Season

Royal Caribbean Bookings Bounced Back After Costliest Hurricane Season

Hannah Sampson, Skift

After the costliest hurricane season in its history, Royal Caribbean Cruises still saw profits increase and exceeded its own expectations for the quarter. The business appeared to recover quickly, but we are curious to find out if travelers will be willing to book Caribbean cruises during the peak time for storms next year.

2 weeks ago

SeaWorld Has a New Ad Campaign to Make People Like It Again

SeaWorld Has a New Ad Campaign to Make People Like It Again

Hannah Sampson, Skift

SeaWorld has not been able to turn its attendance slide around, and back-to-back hurricanes didn't help. But executives hope to address deeper perception issues — the buzz phrase that's been around for years now — with a new ad campaign.

2 weeks ago

TripAdvisor CEO Was Coy About Pullback in Meta Advertising Business

TripAdvisor CEO Was Coy About Pullback in Meta Advertising Business

Andrew Sheivachman, Skift

TripAdvisor CEO Stephen Kaufer was extremely political today in his response to questions about decreased advertising spend from metasearch partners. How the company will rejuvenate its hotel booking product remains an unanswered question as well.

2 weeks ago

Choice Hotels Bets Big on a New Cloud-Based Reservations System

Choice Hotels Bets Big on a New Cloud-Based Reservations System

Brian Sumers, Skift

Choice Hotels executives talk a big game about the company's new reservations system, debuting early next year. They even use buzz phrases like, "transformative platform" and "innovative tools." But will the new system be a panacea for the hotel chain? We'll soon find out.

2 weeks ago

Booking.com Rethinks Digital Advertising in Favor of TV

Booking.com Rethinks Digital Advertising in Favor of TV

Dennis Schaal, Skift

Did we just see an elephant fly? The Priceline Group, which is the largest spender on digital advertising in travel, just said TV commercials may be a better way to attract loyal customers. That's even more surprising than TV-happy Trivago's recent announcement that it would start devoting more resources to digital advertising. Don't you love this industry?

2 weeks ago

TripAdvisor Hotel Bookings Continue to Slide as Non-Hotel Business Surges

TripAdvisor Hotel Bookings Continue to Slide as Non-Hotel Business Surges

Andrew Sheivachman, Skift

Try as it might, TripAdvisor is still struggling to gain traction with its hotel booking product. Non-hotel growth has been picking up the slack, and one has to wonder whether an even stronger focus outside of hotels is on the horizon soon.

2 weeks ago