MakeMyTrip’s results for the April-June quarter tell a familiar story of double and triple-digit increases across the board in terms of revenue, room nights and flight segments, with sales and marketing costs and net losses also on the up. This quarter’s numbers include the impact of the Ibibo Group…
JetBlue will centralize all customer communications through a new partnership with Gladly and will also invest in the business through its JetBlue Technology Ventures. Gladly brings together all customer contacts – via phone, text, chat, email, Tweet or Facebook message – into a single passenger record, which avoids customers…
TUI Group continues to improve its key financial and operational metrics and has returned its first-ever positive nine-month EBITA. Its year runs from October to September and for the first nine months it has recorded an underlying EBITA of €7.3 million. In the same period last year the figure…
After taking the helm of Carlson Wagonlit last year, Kurt Ekert has had a busy year. Externally, there have been notable shifts in airline distribution economics, with several high-profile moves by airlines to introduce mechanisms encouraging more direct bookings. Internally, there’s been an increasing focus on data, the launch of CWT For…
TripAdvisor reported second-quarter net income of $27 million, down 21% from the $34 million reported for second quarter 2016. Total revenue grew 8%, to $424 million. One of the gratifying figures for TripAdvisor was the 31% hike in revenue from “on-hotel,” the company’s term for its attractions business. Chief…
This is a viewpoint by Skye Mayring, on behalf of Arival – The In-Destination Event. Hot air balloons dance over head as you race to see the Running of the Bulls in Pamplona, Spain. Your daughter calls to you from the Taj Mahal as your son points out The Beatles…
Since Bitcoin first appeared in 2008 people have been looking for the next ‘killer application’ for the technology that made it possible: Blockchain. NB This is a viewpoint by Brian Lewis, CTO at OpenJaw Technologies (a TravelSky Company) Bitcoin’s cryptocurrency magic has fuelled the hype behind Blockchain, but this…
The Priceline Group Inc. reported its second-quarter net income of $720.2 million, up from $580.6 million year over year. Gross travel bookings were $20.8 billion, an increase of 16% over a year ago. Gross profit increased 21%, to $3 billion. Priceline beat both its expected earnings per share and…
Hilton Hotels is testing “incremental opportunities” arising from new cancellation and pricing policies. The company is thinking about a range “from the 48-hour, 72-hour mark out to seven days,” Christopher J. Nassetta, chief executive officer, said during Hilton’s second-quarter earnings call. Hilton is eyeing the creation of “fully flexible…
Vacation rental platform RedAwning has earmarked a $40 million funding announced today to further develop its tech platform and grow the business. The funding has been led by Silversmith Capital Partners from Boston which gets “a significant minority stake” in return for the cash. To date the business has…