Online Travel News

It’s time for finance leaders to embrace a modern approach to travel and expense management that can control costs while doing what every company needs to do right now: keep employees happy.

After two years of trip-planning uncertainty, a growing number of travelers are looking for the peace of mind and protection that travel insurance provides. Hospitality brands can improve guest loyalty by making enhanced insurance products and offers available — otherwise, potential guests may look elsewhere for that boost of confidence.

Pent-up demand for international travel seems unstoppable as tourists refuse to slow down regardless of the travel industry's ongoing anxiety concerning rising prices.

Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million.

Online travel booking company Despegar signed a deal to buy Viajanet, a Brazil-based online travel agency, for US$15 million.

In Skift's top stories this week, Airbnb makes a major modification, Tripadvisor appoints a new CEO, and the endangered status of giraffes exposes the fragility of Africa's wildlife tourism.

Tripadvisor CEO Steve Kaufer said Tripadvisor is "uniquely positioned as the world opens up again." Actually it isn't, as the company's first quarter performance shows. Yes, Tripadvisor has world-class traffic, and growing experiences and dining businesses, but it totally missed out on the short-term rental opportunity.

Airbnb is moving away from Google and performance advertising but few others seem to be following in its footsteps. We believe most online booking sites will remain reliant on Google for top of the funnel marketing post-pandemic. This sets up the search engine to retain its dominant position in travel.

Good morning from Skift. It's Thursday, May 5, in New York City. Here's what you need to know about the business of travel today.

New CEO Matt Goldberg needs to do many things to straighten out Tripadvisor, starting by bringing a laser focus to the company’s strategy.