TUI Profit Takes a Hit From Max Grounding
The Max grounding overshadowed a decent set of results. TUI will be hoping the safety issues are ironed out well in advance of next summer, the period when profits can be the most robust.
Travel Industry Earnings Coverage
Don’t miss out on Skift’s in-depth coverage of earnings reported by public travel companies, including online travel agencies, hotel brands, airlines, and technology companies. Our earnings stories cut through the numbers to explain what’s really happening at companies and within the industry as a whole.
Despegar Uses Installment Payments to Prod Demand
Some religions take it on faith that their messiah will come, but they stoically accept that the arrival has been delayed indefinitely. Similarly, Despegar believes that the online travel revolution will sweep Latin America, but it accepts that the glorious moment has been delayed indefinitely. Consumer financing is its secret sauce to sustain itself while it waits.
TripAdvisor Looks to Counter Google by Considering Loyalty Initiatives for First Time
A new loyalty program and a brand campaign to bolster direct traffic and user engagement are among the measures TripAdvisor is working on to counter the fact that Google is getting more stingy in providing free traffic. But TripAdvisor is also hoping — and anticipating — that U.S. regulators will step in.
Lastminute.com Looks to Asia-Pacific for More Travel Deals
On the back of an impressive set of first-half results, Lastminute.com is casting the net further afield in the search for new acquisitions. Buying up companies in other parts of the world doesn't always work out, so executives will have to choose wisely.
Booking Holdings CEO Sees Greater Need for Urgency Under New Exec Structure
Booking Holdings, along with Expedia Group, have both had to deal with acquisitions and integrations that have been taking too long. Booking officials are undoubtedly frustrated with the pace of progress at OpenTable and Rentalcars.com. At Expedia Group, Vrbo has been a multiyear reclamation project. To the speedster go the spoils.
Hertz and Avis Double Down on Ridehailing Strategy
It's been hard for car rental companies to adapt to disruptors like Uber and Lyft, but their recent strategies show promise.
Choice Hotels Says Comfort’s Property Renovations Are Paying Off
Choice Hotels is showing a lot of patience with its Comfort brands, probably more than a $2.5 billion investment warrants. But early signs suggest it will work out.
Marriott’s Growth in China Helps Buck New Industry Trend
Alibaba does not deserve all of the credit for Marriott's sustained performance in China over the past year, but the partnership with the e-commerce company shows just how mutually beneficial these kinds of agreements can be.
IHG CEO Draws Line Under Latest Brand Growth Strategy
CEOs don't like ruling things out entirely, but it sounds like Keith Barr is happy with his brand portfolio ... for now at least.
Hyatt Feels Pinch From Lower Group Business in Its Hometown of Chicago
Hyatt’s second-quarter performance was another step in the right direction for the brand. But were it not for a slowdown in its U.S. and Chinese markets, it would have been better.