Expedia Inc‘s CFO Mark Okerstrom is confident Europe remains a “huge opportunity” for its brands and promised it will be “more aggressive” in the region this year. Speaking at the Goldman Sachs Technology and Internet Conference yesterday, he said: “I don’t think it changes the…
Another marker in the continued maturing of the vacation rental business this week with one of the big franchise owners launching a major digital service for owners. RedAwning, the 100,000-strong network of branded vacation rental properties, says the launch of a new platform is so that owners can “offer…
Interesting (and not unexpected) move by Airbnb confirmed this week with the acquisition of vacation rental platform Luxury Retreats. Terms of the deal were not disclosed but speculation in recent weeks had suggested that a price in the region of $200 million for the company was on the table….
From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of $215 million. The sale comes almost four years to the day since UBM offloaded the business and six other related divisions for £160 million to what was then…
Air France-KLM plans to invest more than €200 million on digital and data development by 2020 with a priority on better use of its data. The group says it has had an internal “Big Data Platform” since 2015 and last year connected to all of its customer data sources to…
TripAdvisor‘s full year results for 2016 show revenues down 1% to $1.48 billion, resulting in an adjusted EBITDA of $352 million, a drop of 24%. CEO Steve Kaufer said: “We rolled out hotel instant booking globally and strengthened our position in attractions, restaurants and vacation rentals. “With our price…
European travel giant TUI has announced plans for a digitally led expansion into new source markets, including China, with little indication that these plans involve opening TUI-branded retail outlets in Shanghai, Sao Paulo or Seville. On a busy day for TUI – first quarter results and the sale of…
TripAdvisor could find itself as a viable acquisition target if its financial results this week point to an upturn in its fortunes and strategy. Financial analysts claim the company is “starting to see the light at the end of the tunnel” after a series of low-key earnings reports in the last…
Lufthansa Group‘s Open API is now transactional, allowing authorised developers to sell airline tickets, earning a commission on any sales in the process. It covers Lufthansa, Austrian and Eurowings, with Swiss due for inclusion some time this year. A number of travel services use the API already for functions…
AppsFlyer‘s latest look at the state of app engagement shows that, on a global scale, retaining users remains challenging despite a year-on-year improvement in retention rates generally. “Travel” is one of nine categories looked at. The study makes a distinction between operating systems (iOS and Android) and also between…