Articles tagged “travelclick”

Hotels have long placed lower rates on channels more advantageous to driving revenue. That some travel agents are finally wising up to the lack of rate parity is unlikely to change that.

In this transaction, Pegasus Solutions unloads a struggling reservations business to a private equity firm, and a smaller Pegasus Solutions, still facing lots of issues, lives to fight another day.

Online travel agencies are taking market share when it comes to hotel bookings for leisure and business travelers, but hotels' own direct channels still dominate, and travel agencies are still well ahead, too, if the TravelClick numbers are to be believed.

Is Thoma Bravo overpaying for TravelClick? It is a legitimate question considering that the initial sale process gave way to an auction, and we hear other suitors were rolling their eyes at an $800 million price tag. And does transitioning from the grip of one private equity firm to another really put TravelClick in a stronger competitive position?

TravelClick has a huge customer base in the hotel industry, but needs to reinvent itself. That's going to take a lot of investment, but it's unclear if there is a buyer out there who wants to take on that burden and risk.

Businesses are still being cautious about their travel budgets for meetings and conventions. The economic recovery is patchy, at best.

2012 has been a good year for U.S. hotel bookings, and 2013 promises to be the same.