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Tourism
Today’s edition of Skift’s daily podcast looks at Angkor Wat relocations, travel agents’ beef with American Air, and Aegean Air’s strong earnings.
Rashaad Jorden | 1 year ago
News Blog
Travelsoft, a company that offers software products focused on travel bookings, has added a third brand to its portfolio. The Paris-based company said Monday that it acquired Spain-based Travel Compositor, a provider of travel booking engines, for an undisclosed price. Travel Compositor said its platforms handle €1 billion ($1.1 billion) worth of bookings annually and…
Justin Dawes | 1 year ago
Mondee has been going through a lot of changes over the last year, and the numbers shared during its latest earnings call reflect that. Mondee more than doubled annual gross revenue in 2022 to $2.2 billion. The company also had a net loss of $87 million in 2022, compared with $39 million in 2021, because…
Travel Agents
Affluent travelers, prepared to spend as much as $48,000 per person this year on travel, are ironically driving a competitive price surge unlikely to come down in the year ahead.
Selene Brophy | 1 year ago
Tour operator Scott Dunn might be a small company compared to its new parent company Flight Centre Travel Group. Still, it punches well above its weight in the luxury travel segment, especially in the U.S., where Flight Centre lacked a luxury presence.
Online Travel
Fora touts itself as a modern travel agency giving individuals, even those with zero experience, the opportunity to become a travel advisor while keeping their day job. But the potential risk has seen it up its game from a free-to-join model to a quarterly subscription offering, with in-house tech, tools and advanced training.
Travel Technology
Mondee began its journey of expanding offerings via seven acquisitions during the pandemic. Now it's starting another acquisition spree, and all signs point to that being a good move.
During her Christmas holiday, a software developer created a tool to generate and map travel itineraries using generative artificial intelligence (AI). The Australia-based developer, Katrin Schmid, posted on Linkedin about the tool she made, called Journeai. It is powered by the generative AI chatbot, ChatGPT, released last year by OpenAi, a San Francisco-based AI research…
If the industry waits for segments like business travel to fully recover, it could be waiting forever. That’s one reason why Travelport and its competitors should continue investing in tech and expanding offerings.
China's tourism experts warned the industry to prepare for the return of the Chinese traveler months ago — meaning active destination promotions with special packages catering to China's reopening should already be in place. We will know how well it heeded that call in the days ahead.
