Tourism Giant TUI Group Bears Up Under European Heat and Maintains Sunny Outlook
Just like Ryanair in the airline industry, TUI's relative strength means that it is able to weather external factors much better than its rivals.
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.
Choice Hotels Sees Promise of Tax Cuts For Travel, Just Not Yet
That corporate tax rate has helped companies with their balance sheets, but will those extra dollars actually translate to increased travel?
Papa John’s Comeback Plan Depends on Getting Rid of John
Papa John's was already having sales troubles earlier this year, before the fallout with the company's founder. Now, however, the situation is exponentially worse: the company is expecting an unspecified number of store closures and potentially double-digit sales declines by the end of the year.
Disney’s U.S. Parks Got a Boost From Consumers Spending More on Everything
Disney's parks and resorts segment got help from domestic parks, where customers spent more to get in, eat, shop, and sleep. With new expansions opening next year, expect that revenue to keep on rising.
Free Beer Is Helping SeaWorld Recapture Some of Its Crowds
SeaWorld is rebounding, with higher attendance and revenue than a year ago. Will it last? And how much free beer will the continued recovery take?
British Airways Owner Still Thinking Over Norwegian Deal
IAG is still willing to play the long game with Norwegian. If the price of fuel keeps rising, you'd imagine that the acquisition price would come down.
Royal Caribbean Is Seeing Its China Business Perk Up
It's not often these days that a cruise company singles out China as a highlight; the market has been too volatile. But for Royal Caribbean Cruises, China was one of several positive pieces that added up to an unexpectedly good quarter.
Why Travelport’s CEO Isn’t Worried About Brexit
In an interview, Travelport CEO Gordon Wilson strikes an optimistic tone for his company and for the negotiations at large over the fate of Britain's relationship with the European Union. We'll see if his confidence will be borne out by events.
TripAdvisor Sees Decline in Hotel Shoppers After Travel Industry Advertising Reset
The hidden tale behind TripAdvisor's anemic revenue growth is that the online travel companies that had heavily advertised on it and similar platforms have decided to trim that spending to improve on their margins rather than chase growth. TripAdvisor executives said they planned to do the same. Quailty growth is the new new thing.
UK Theme Parks Operator Merlin Ramps Up Hotel Offerings
Adding more beds to your theme parks makes sense as it brings in extra cash, but Merlin needs to make sure it gives guests extra reasons to stick around for more than a day.