Articles tagged “edreams Odigeo”

The dream of being a turnaround artist who swoops into a distressed company to restore growth is appealing to many people. But CEO Dana Dunne is finding that the turnaround of eDreams Odigeo that he has been pursuing since 2015 is a long hard slog.

No matter the motive, being more transparent is a good move for eDreams Odigeo. The big problem is time. How long will it take for the new strategy to pay off, and will investors give the management team breathing room to make the required changes?

Despite the travel industry having had years to get used to the idea of new rules governing the sale of vacations in the European Union, there are still plenty of people still scratching their heads over the changes.

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.

It sounds like the potential buyers didn't accept the company's new strategy — or the buyers weren't willing to pay enough. Regardless, while it's certainly a risk, eDreams Odigeo is doing the right thing in diversifying its business and improving price transparency.

At this stage, we're not exactly sure why eDreams Odigeo might interest Skyscanner/Ctrip. A private equity buyer would seem much more likely.

Under current CEO Dana Dunne, eDreams Odigeo has been going through something of a turnaround, swapping years of losses for profit. At this stage we don't know the identity of the potential buyer(s) or what they want to do with the business.

In his first Q&A with Skift, eDreams Odigeo CEO Dana Dunne says the travel company has made large gains since he took it over a couple of years ago. True. But more changes are needed before a conglomerate such as Ctrip would seriously consider buying it.

When your stock price falls to around one euro per share, as eDreams Odigeo's did last year, then even the company's founder has to make an exit.