Articles tagged “earnings”

Corporate Travel Demand Remains Strong: Industry CEOs

Corporate Travel Demand Remains Strong: Industry CEOs

Andrew Sheivachman, Skift

Corporate travel continues to grow as the global economy hums along immune to the geopolitical issues cropping up around the world. How long can it last? And will increasing hotel rates eat away at the increased spending made by corporations?

3 days ago

Thomas Cook’s Personalization Ploy Is Paying Off

Thomas Cook’s Personalization Ploy Is Paying Off

Patrick Whyte, Skift

Thomas Cook is desperate to shake off the impression that it's old fashioned and the 176-year-old travel company is trying different ways to make itself relevant to young travelers. Not every one will work but at least it is trying.

1 week ago

International Tourists Fall Back in Love With Macy’s

International Tourists Fall Back in Love With Macy’s

Lindsey Rupp, Bloomberg

Given the current U.S. tourism climate, it's difficult to know why visitors are flocking to Macy's in greater numbers. Still, it's another sign that things are looking up, at least temporarily, for the retailer.

2 weeks ago

New EasyJet CEO Is Making a Big Push Into Vacations and Loyalty

New EasyJet CEO Is Making a Big Push Into Vacations and Loyalty

Kaye Wiggins, Bloomberg

Given Johan Lundgren's experience working at tour operator TUI, it's no surprise to see him make a move into vacations. Up until fairly recently it was an untapped area for low-cost airlines, but many have now woken up to the financial benefits of packaging up flights and hotels.

2 weeks ago

On the Beach Discovers the Complexities of International Expansion

On the Beach Discovers the Complexities of International Expansion

Patrick Whyte, Skift

On the Beach’s careful approach to expansion shows just how difficult it can be to grow in foreign source markets. Europe isn’t one big country and if you don’t make acquisitions, expansion can be a tedious process. But one of those acquisitions might just be the one that pays off in the long term.

2 weeks ago

Choice Sees Strong First Quarter Boosted by Extended Stay Acquisition

Choice Sees Strong First Quarter Boosted by Extended Stay Acquisition

Deanna Ting, Skift

With acquisitions like WoodSpring Suites, Choice Hotels' new CEO is making good on his mission to continue to grow the company and establish its dominance in the economy and midscale sectors.

2 weeks ago

Despegar Attempts to Expand Further Beyond Flights

Despegar Attempts to Expand Further Beyond Flights

Sean O'Neill, Skift

Despegar will need to become even more of a force in Latin America if it hopes to tempt major shareholder Expedia Group into acquiring it.

2 weeks ago

Not Just for Hotels — Booking Holdings Has a Direct Strategy of Its Own

Not Just for Hotels — Booking Holdings Has a Direct Strategy of Its Own

Dennis Schaal, Skift

With less fanfare than hotels, but with a ton of TV spend, Booking Holdings is intent on increasing its share of direct bookings. Anything that gets in its way, including metasearch sites that go out of favor, will be collateral damage.

3 weeks ago

Marriott CEO Fires a Salvo: ‘We Can Deliver a Better Homesharing Product’

Marriott CEO Fires a Salvo: ‘We Can Deliver a Better Homesharing Product’

Deanna Ting, Skift

Marriott — and well, any company wanting to get into private accommodations — should heed the advice of AccorHotels CEO and pay close attention to how they manage those rentals and how they can leverage their existing hospitality labor force to do it.

3 weeks ago

Traveler Behavior Is Still the Biggest Impediment to TripAdvisor’s Tours and Activities Business

Traveler Behavior Is Still the Biggest Impediment to TripAdvisor’s Tours and Activities Business

Dennis Schaal, Skift

Should there be TripAdvisor booths at big tourist attractions in Paris, New York, Las Vegas and Rome? It might not be a bad idea to explore to attract the business of travelers who like to book attractions offline. Would it scale? Expedia does it, but the numbers crunchers would have to figure it all out.

3 weeks ago

TUI Has Big Plans for Its Soon-to-Be Enlarged Tours and Activities Business

TUI Has Big Plans for Its Soon-to-Be Enlarged Tours and Activities Business

Patrick Whyte, Skift

Connecting up such a diverse, offline industry like tours and activities is not going to be easy, but the reward for a company like TUI is massive.

3 weeks ago

Emirates Is an Airline That Actually Benefits From Rising Oil Prices

Emirates Is an Airline That Actually Benefits From Rising Oil Prices

Christopher Jasper, Bloomberg

It might run counter to the usual narrative but the rising cost of fuel was actually a good thing for Emirates. It helped spur an economic recovery in the Middle East, which meant better load factors and increased yields for the airline.

3 weeks ago