TripAdvisor’s share price was up 20% after its earnings for the first quarter of 2018 came in ahead of expectations. The company says its hotel profitability improved for the second quarter running and that its non-hotel business (experiences, restaurants) continues to grow. TripAdvisor reported a 2% increase in consolidated…
European travel giant TUI Group is integrating its “destination experiences” business into its global CRM platform, giving it the ability to cross-sell the inventory to customers during the post-booking pre-trip phase. The update came in its H1s released today. TUI’s financial year runs from the start of October to…
This is an article from TravelDaily China.It appears as part of the tnooz sponsored content initiative. ChinaTravelNews has learned that Ctrip has upgraded its internal incubation program after Spring Festival this year. Noted for its Baby Tiger Program in the past, the incubation program has been expanded to become…
Dreamlines, a OTA based in Germany specialising in cruise, has secured a $55 million Series E funding round, led by Princeville Global. Princeville Global is making its first investment into Dreamlines. The firm has offices in San Francisco and Hong Kong and its portfolio includes tripping.com, the US-based vacation…
Amadeus has started 2018 well, with its distribution and airline IT units dominating the filings while its new businesses continue to find their feet, financially and operationally. For the first three months of 2018, the Madrid-listed tech giant reported revenues up by 3.1% to €1.2 billion compared with the…
Ctrip partners with AccorHotels, Alibaba-Marriott tie-up and more Ctrip has completed a strategic investment in Boom Supersonic, which is building a supersonic airliner capable of carrying 55 premium passengers at Mach 2.2 (2,335 km/hour), more than twice as fast as current passenger airplanes, and the fare will be on…
Sponsored by Worldpay. We asked 16,000 mobile users across 10 global markets (UK, US, China, India, Japan, Brazil, Russia, Germany, South Korea and Australia) about their last mobile shopping and booking experience and the factors contributing toward their decision to make a purchase via mobile. When a mobile shopper…
Sabre has reported mid-single digit revenue growth across all three business units – Travel Network, Airline Solutions, Hospitality Solutions – in the first three months of the year. CEO Sam Menke said in the earnings release that: Sabre’s “cloud-first, microservices-enabled technology strategy is resonating with customers”; that its “accelerated…
Sponsored by Hitwise. While the future and scale of Tripadvisor’s long-term profitability and market positioning remain a talking point in the investment community, there is no question of its effect on the travel industry as a whole. Tripadvisor’s share of traffic in the travel industry has grown 26% in…
Travelport is sticking by its guidance for full-year 2018 following small gains in revenue and income for the first quarter of the year. The company has reported a 4% increase in net revenue to $678 million and a 6% increase in net income to $59 million. Adjusted EBITDA however…