Articles tagged “earnings”

Serko, Travel Tech Provider of Zeno, Nearly Doubles Headcount

Serko, Travel Tech Provider of Zeno, Nearly Doubles Headcount

Andrew Sheivachman, Skift

Serko isn't a huge company, but it's finding success selling its Zeno corporate travel tools around the world. We'll find out in 2020 how its international growth strategy truly fares.

4 weeks ago

Ctrip’s Global Push Starts to Pay Off in Diversified Revenue Streams

Ctrip’s Global Push Starts to Pay Off in Diversified Revenue Streams

Sean O'Neill, Skift

The more Ctrip internationalizes its sources of revenue, the more it will cross swords with global players like Booking Holdings, which owns a small stake, and Expedia Group. It already claims to process more transaction volume than both of them, and a third of its revenue comes from outside mainland China.

4 weeks ago

EasyJet Flies Toward Uncertain Summer of a European Slowdown

EasyJet Flies Toward Uncertain Summer of a European Slowdown

Patrick Whyte, Skift

It's not a great time to be running a European short-haul airline, but EasyJet is trying to make the best of it. While growing its holiday and business travel offerings is probably a smart move, it's difficult to see them making much of a difference if the economic climate keeps getting worse.

1 month ago

MakeMyTrip Aims to Weather Indian Air Market Turmoil Through Diversification

MakeMyTrip Aims to Weather Indian Air Market Turmoil Through Diversification

Sean O'Neill, Skift

MakeMyTrip Group has impressively diversified enough that it forecasts only a minor hit to revenue during the coming year due to the collapse of Jet Airways, a major carrier in India. No wonder Ctrip decided last month to become the company's largest shareholder.

1 month ago

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Patrick Whyte, Skift

Announcing such a big loss is not a good look for any company, but Thomas Cook management will be hoping they've got all of the bad news out at once and use some breathing space to shore things up.

1 month ago

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

Patrick Whyte, Skift

TUI's global plans are ambitious and bring it into direct competition with strong local online players, but as the CEO said, it only needs a relatively small number of customers to fulfill its needs.

1 month ago

Brexit Is Still Casting a Shadow Over UK Travelers

Brexit Is Still Casting a Shadow Over UK Travelers

Patrick Whyte, Skift

In a tough UK market, online travel's On the Beach is doing better than some others. Still, it remains to be seen how long it can outperform the rest, especially with the general gloom surrounding the United Kingdom.

1 month ago

Travelport’s Plans to Go Private Held Up by Russian Regulators

Travelport’s Plans to Go Private Held Up by Russian Regulators

Sean O'Neill, Skift

Russian regulators have put up obstacles to the long-discussed buyout of the travel technology giant Travelport. Odds are the deal will still be completed, though.

1 month ago

Booking Holdings Empire Tiptoes Toward Quiet Collaboration

Booking Holdings Empire Tiptoes Toward Quiet Collaboration

Sean O'Neill, Skift

As Booking Holdings brands try to cross-sell their customers on more products, such as attractions, restaurants, and ground transportation, more companywide collaboration may be inevitable. No brand mergers are in the offing, but signs point toward more coordination.

1 month ago

British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines

British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines

Patrick Whyte, Skift

Despite playing a key role in European airline consolidation over the last few years, it seems IAG's arch dealmaker Willie Walsh is now happy to sit back and let others fight it out.

1 month ago

CEO Hints Booking Holdings Is Ready to Buy More Companies

CEO Hints Booking Holdings Is Ready to Buy More Companies

Sean O'Neill, Skift

Falling victim to the so-called law of large numbers, Booking Holdings saw its total revenues for the first quarter drop 3 percent from the prior year. Industry ears perked up when CEO Glenn Fogel mentioned mergers and acquisitions as a possible tactic to reignite growth a few times during an investor conference call.

1 month ago

Choice Hotels Looks to High-End Travelers to Boost Revenue

Choice Hotels Looks to High-End Travelers to Boost Revenue

Isaac Carey, Skift

Choice knows where the money is, and right now it's not in midscale brands. Will upgrading Comfort Inn be enough to lift room rates?

1 month ago