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Articles tagged “online travel agencies”

Online Travel

Booking Holdings Says Leisure Hotels Are Able to Hold Rates Without Having to Offer Deep Discounts

A hotel price war hasn't materialized as some dreaded. Booking Holdings CEO Glenn Fogel sees an opportunity to prove the value of his brands as a source of demand for hotels and managers of alternative accommodations.

Booking Holdings Says Leisure Hotels Are Able to Hold Rates Without Having to Offer Deep Discounts

Online Travel

Spain’s eDreams Odigeo Sees Revenue Hit Due to Crisis

Analysts expected the revenue loss. They liked hearing that the travel group won't need new financing.

Spain’s eDreams Odigeo Sees Revenue Hit Due to Crisis

Online Travel

India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

One wonders whether some travel companies like MakeMyTrip Group must rethink parts of their business during the pandemic. They may continue to struggle to pay out millions in refunds to customers due to a staccato pace of travel restrictions.

India’s MakeMyTrip Pushes Out Expectations for Profits Even Further Because of Pandemic

Online Travel

EDreams Now Has a Half Million Paying Travel Subscribers

The subscription model continues to show promise in travel.

EDreams Now Has a Half Million Paying Travel Subscribers

Online Travel

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Despegar, Latin America's largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe.

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Coronavirus

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

Smaller online travel agencies try to make money by grabbing nickels and eurocent coins ahead of the steamrollers of global advertising behemoths. The underreported story of why China's largest travel company acquired a tiny Dutch travel group highlights the phenomenon.

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

Coronavirus

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Despegar had offered to pay a premium for Mexico's Best Day in January, but today the two companies are strapped for cash due to the pandemic's destruction of travel bookings. This acquisition may be one of several deals across the sector imperiled by coronavirus.

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Coronavirus

Hotelbeds Boss Isn’t Worried About the Model of Nonrefundable Rates in a Post-Crisis World

The hotel room bedbank Hotelbeds confirmed on Thursday that it had received a loan of about $435 million (€400 million), boosting its cash cushion. But will cautious travelers be as interested in the company's typically non-refundable rates and otherwise typically restricted offers during months of uncertainty about possible travel restrictions?

Hotelbeds Boss Isn’t Worried About the Model of Nonrefundable Rates in a Post-Crisis World

Coronavirus

Assessing the Coronavirus Damage to Online Travel: New Skift Research

The online travel industry is marginally better positioned to deal with this current outbreak than many of their suppliers in the hotel and airline industry. Still, the damage will get worse — and be severe and long-lasting.

Assessing the Coronavirus Damage to Online Travel: New Skift Research

Coronavirus

Travel Agency MisterFly Slams Airlines for Delayed or Denied Refunds

Everyone in the travel industry is frustrated right now with much of the world frozen up. But Nicolas Brumelot, the co-founder and president of travel startup Misterfly, speaks for many agencies frustrated by alleged delays in refunds by some airlines.

Travel Agency MisterFly Slams Airlines for Delayed or Denied Refunds