Articles tagged “trip.com”

It's eye-catching that Jane Sun of Trip.com believes that China's remote and hybrid working arrangements are helping domestic leisure travel to recover. That echoes predictions from Airbnb's CEO Brian Chesky and others about how hybrid working may boost travel for some time to come.

Google's attractions ticket beta has been among its least elegant in travel to date. This has angered many tour operators because it couldn't have come at a more inopportune time.

Did Airbnb, Booking Holdings, Tripadvisor, Oyo, and Marriott, among others, squirm a bit upon learning of Chinese regulators' latest antitrust crackdowns, this time against ridesharing giant Didi and food-delivery and hotel booker Meituan? If not, they should.

Tripadvisor CEO Steve Kaufer told Skift that Tripadvisor Plus is "a super-high priority for the company." The program may find enthusiasts at the property level, but so far the largest hotel chains don't appear to be leaping on board.

In Skift's top travel stories this week, we covered Marriott's arrival in Sandals' all-inclusive sandbox, travel manager fears over consolidation, and a startup deal on hotel automation.

Tripadvisor and Trip.com Group maintain that their strategic partnership is as strong as ever even though the Chinese company just sold 20 percent of the shares it owns in Tripadvisor and is likely to sell a lot more this year. Rhetoric aside, you can't spin away that fact.

Behind the scenes, China's competition crackdown on internet platforms could eventually have a larger impact on Trip.com Group's partnerships, business practices, and mergers than is generally appreciated. Although a reversal is unlikely, even Trip.com's 2015 acquisition of Qunar has drawn scrutiny.

As many private equity and other investors will tell you, massive opportunities remain in the travel industry over the long term. The travel market will undeniably look very different in 2025 than it does today. But if you believe Trip.com's projections, boom times are ahead for many companies.

China's Trip.com Group is entering the content and advertising spheres to address longstanding weaknesses in its transaction business. It joins a plethora of travel businesses that are remaking themselves, whether they are launching financial services or subscription offerings, during the pandemic.

MakeMyTrip hasn't had to tap into its credit facilities recently, and that's a decent sign as it takes advantage of India's tentative Covid and travel recoveries.