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Articles tagged “financials”

News Blog

Travelzoo Moves To Fund Metaverse Experiences

Travelzoo, a hotel and package deal publisher, said in a financial filing on Tuesday that it would ask its stockholders to approve making a metaverse experiences scouting business a wholly owned subsidiary of Travelzoo. The business, Metaverse Travel Experiences (MTE), is currently wholly owned by Azzurro Capital. The proposed consideration for the issuance of Travelzoo…

Sean O'Neill | 1 year ago

News Blog

Trip.com Group Taps $1.5 Billion Loan Tied to Green Targets

Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt's interest rates to the Chinese online travel giant's performance against specific environmental targets. The Shanghai-based company will use three-year dual-tranche term loan facility to refinance some of its debt, and the rest for…

Sean O'Neill | 1 year ago

News Blog

Airbnb Has Begun to Partly Break Out Its Spending on Brand Marketing

Airbnb executives have talked a lot about how they have reduced their spending on performance marketing (think: buying ads in Google search results) to focus on brand marketing (think: subway posters advertising the company's new "OMG" category of properties). So how much do they spend on brand and how much on performance? The short answer…

Sean O'Neill | 2 years ago

Hotels

Hotel Groups Deploy Swelling Cash Piles With Varied Playbooks

The big hotel groups sit on a $7 billion cash pile. How they use it, whether it's to acquire properties, improve their offerings, or buy back stocks, will shape their futures.

Sean O'Neill | 2 years ago

Hotel Groups Deploy Swelling Cash Piles With Varied Playbooks

Tourism

Meeting the High Expectations of the Gen Z Traveler: New Report

When predicting current and future trends, everyone in the travel industry has their eyes on Gen Z travelers, and, boy, are they demanding.

Mary Ann Ha | 2 years ago

Meeting the High Expectations of the Gen Z Traveler: New Report

Tourism

U.S. Travelers More Concerned About Costs Than Covid for First Time Since Pandemic

Americans are now saying that financial factors trump health and safety worries when it comes to travel decision-making. While some are staying home because they can't afford it, those determined to travel are finding ways to work around higher prices.

Mary Ann Ha | 2 years ago

U.S. Travelers More Concerned About Costs Than Covid for First Time Since Pandemic

Online Travel

Airbnb and Booking: 12 Takeaways From Their Annual Financial Reports

Airbnb went deep while Booking Holdings went wide in terms of product development in 2021. Airbnb assuredly will get back to broadening its product line, if not in 2022, then later.

Dennis Schaal | 2 years ago

Airbnb and Booking: 12 Takeaways From Their Annual Financial Reports

Online Travel

Tripadvisor Plus Is Case Study in Online Travel Hype

Less than a year ago, a Tripadvisor pitch deck about Tripadvisor Plus touted its "multibillion dollar revenue potential." Despite the company expressing confidence in Plus when it scrapped its business model in September, Tripadvisor admitted last week "we haven't found the product-market fit that we're looking for."

Dennis Schaal | 2 years ago

Tripadvisor Plus Is Case Study in Online Travel Hype

Short-Term Rentals

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Nothing underscores how mainstream vacation rentals have become as seeing institutional investors get in on the action.

Sean O'Neill | 2 years ago

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Coronavirus

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

Sean O'Neill, Skift | 3 years ago

Why 2021 Is the Year of the Travel IPO