Articles tagged “earnings”

Flight Centre Will Eliminate Some Leisure Brands

Flight Centre Will Eliminate Some Leisure Brands

Allan Leibowitz, Skift

Australia’s largest travel agent, Flight Centre, is not resting on its laurels after posting record revenues and strong profits. To ensure it stays on track, the group is shedding underperforming businesses, and dumping some of its leisure brands. It is also chasing growth in emerging business lines ranging from destination management to foreign exchange services.

51 mins ago

Norwegian Cruise CEO Is Getting Bigger Spenders On Board

Norwegian Cruise CEO Is Getting Bigger Spenders On Board

Hannah Sampson, Skift

The cruise industry has long boasted of its value compared to land vacations. But Norwegian Cruise Line Holdings is notably not emphasizing low prices. It is instead working to get passengers to spend more on tickets, shore excursions, and onboard extras.

16 hours ago

AccorHotels Wants to Accelerate Its Buying Spree in 2018

AccorHotels Wants to Accelerate Its Buying Spree in 2018

Patrick Whyte, Skift

AccorHotels' acquisitions over the last couple of years aren't money makers yet but that's not to say they never will be. CEO Sébastien Bazin is still intent on playing a very different game than the other big hotel companies.

2 days ago

Rezidor Hotel Group Defends Its Performance as Profits Fall

Rezidor Hotel Group Defends Its Performance as Profits Fall

Brian Sumers, Skift

Rezidor Hotel Group's fourth quarter earnings call was a snoozer until one Norwegian newspaper reporter decided to call b.s. on the company. That made for an interesting exchange.

2 days ago

Six Flags Will Consider Opening More Parks Year-Round

Six Flags Will Consider Opening More Parks Year-Round

Hannah Sampson, Skift

Six Flags had a good year, but a look at the bottom line shows a benefit from tax reform and lower compensation expense. The company is focusing on improving its underlying business, and keeping profitable parks open year-round is likely to help.

3 days ago

Travelport Is Diversifying With Strong Growth in Payments Tech

Travelport Is Diversifying With Strong Growth in Payments Tech

Andrew Sheivachman, Skift

How is Travelport competing against much bigger companies like Sabre and Amadeus? By creating technology solutions its clients actually want to use while expanding in the world's fastest-growing regions for travel.

3 days ago

Choice Hotels Sees WoodSpring Suites Deal as a Breakthrough in Extended Stay

Choice Hotels Sees WoodSpring Suites Deal as a Breakthrough in Extended Stay

Dan Peltier, Skift

Choice CEO Pat Pacious has demonstrated he's not one for a sleepy start as he settles into his new role as CEO. He's hit the ground running with the rollout of a new booking system and an acquisition that will help the company play ball in a competitive midscale and extended stay landscape.

3 days ago

Bombardier Returns to a Focus on Business Jets

Bombardier Returns to a Focus on Business Jets

Frederic Tomesco, Bloomberg

By most accounts, Bombardier created a fantastic airplane with the C Series. But the project nearly ruined the company. Now Bombardier is going back to what it knows works — a focus on business jets and rail projects — while Airbus helps out with sales and marketing of the C Series.

1 week ago

Marriott CEO Details How the Company Messed Up in China

Marriott CEO Details How the Company Messed Up in China

Deanna Ting, Skift

If there's anything for other businesses to learn about this snafu, it's this: Don't mess with China.

1 week ago

Hyatt Is Pursuing Its ‘Asset-Lighter’ Strategy With Plan to Sell More Properties

Hyatt Is Pursuing Its ‘Asset-Lighter’ Strategy With Plan to Sell More Properties

Brian Sumers, Skift

It's hard to predict where markets will go, but it seems Hyatt is selling these two properties at an opportune time. How much higher can hotel real estate prices go?

1 week ago

Norwegian Air Plans to Move On From a Terrible 2017 With Fleet Expansion

Norwegian Air Plans to Move On From a Terrible 2017 With Fleet Expansion

Patrick Whyte, Skift

Norwegian's critics say it is overstretched and unprofitable. So how does the airline counter this? By ramping up its expansion, of course.

1 week ago

TripAdvisor Has a TV-Heavy Marketing Strategy That Competitors Are Trying Too

TripAdvisor Has a TV-Heavy Marketing Strategy That Competitors Are Trying Too

Dennis Schaal, Skift

Google execs are not losing any sleep yet, but they are likely aware that some of their largest travel advertisers are starting to favor commercials on TV instead of sponsored search engine links. The big spenders' new strategies will have a rippling impact across other metasearch companies, as well.

1 week ago