Ctrip’s Lowered Pace of Revenue Growth Reflects a New Normal
Ctrip sacrificed some revenue growth to defend its market share in hotel bookings from rivals like Meituan. The competition shows no sign of abating.
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.
eDreams Odigeo Looks to a Future With More Transparency
No matter the motive, being more transparent is a good move for eDreams Odigeo. The big problem is time. How long will it take for the new strategy to pay off, and will investors give the management team breathing room to make the required changes?
Australia’s Corporate Travel Management Finds Its Global Expansion Pays Off
Corporate Travel Management continues to grow worldwide, fueled by acquisitions and its prowess across Asia. The global business travel boom has continued unabated.
Flight Centre Stock Tumbles After TV Report Alleges Anti-Consumer Practices
Negative press about working conditions and markups has dented Flight Centre’s stock price, despite record financial results. The claims have been denied, but the share price is still suffering. The mural incident doesn't do anything to bolster confidence in corporate culture.
Hostelworld Counts Cost of European Heat Wave
There have been a number of big changes at Hostelworld in 2018 and we should expect further shifts in strategy under new CEO Gary Morrison.
Despegar Tripped Up by the Ailing Economies of Argentina and Brazil
Lousy economies in key markets have hurt Despegar's profit. But deft management during the recent storms suggests the online travel agency has a promising future.
MakeMyTrip Sees Gains From Its Loyalty Programs
Investors are understandably focused on MakeMyTrip's ongoing operating losses. But in good news, the company is narrowing the size of those losses while maintaining its growth rates.
Norwegian Cruise Line Wants Passengers to Keep Spending More at Sea
Cruise lines keep loading their ships with things for passengers to buy — Starbucks latte and a game of laser tag, anyone? With consumers feeling confident, no one seems to mind spending money on extras. But if the economy takes a turn for the worse, will that change?
Booking Holdings Says Half Its Customers Now Come Direct: Will It Be a Game Changer?
Some hotel groups will be jealous of Booking Holdings' ability to have one out of every two of its customers booking travel on its brand sites and apps without having to buy online ads to acquire them.
Booking Holdings Sacrifices Growth for Profit
The online travel titan faces a reality check after years of extraordinary growth. Booking Holdings forecast that third-quarter growth in its accommodation room nights booked rate would be between 6 percent and 9 percent, well below the 20 percent range typical in the past.