Shake Shack’s Latest Earnings Don’t Quite Deliver on Its Promises
Shake Shack pushes forward with grand expansion plans, but low same-store sales continue to raise questions about the brand's viability.
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.
Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals
No word on yet on what activist hedge fund investor Paul Singer of Elliott Management might try to pressure Travelport do this year. But research analysts expect that, at the very least, the travel technology company will be pressed to spin off its fast-growing eNett payments business.
Norwegian Cruise CEO Sees No Signs of Recession
Like other cruise operators, Norwegian Cruise Line Holdings is seeing strong business for 2018 and even 2019. Two words — hurricane season — could interfere, but with so many bookings already made, even a stormy summer shouldn't ruin the year.
Grubhub’s Aggressive Growth Fueled by Chain Partnerships
Like everyone in the delivery space, Grubhub has extremely aggressive expansion plans and is looking to shore up as many restaurant chain partnerships as possible. In the race to grab market share, it's positioning itself as the one to beat.
Sabre’s Back to the Basics Strategy Shift Starts to Bear Fruit
CEO Sean Menke has gained breathing room to provide positive surprises. Getting cloud-based distribution and operations software right is hard. So the company is relying on concepts from top-tier management consulting firms as guidance.
Expedia Sold More Than $500 Million in Tours and Activities in 2017
Expedia's half-billion dollars of online sales may seem large. But it's a tiny sum in the context of the company's overall sales. It is still early days for the online management and distribution of activities, despite the recent frenzy of startup acquisition.
Hilton Issues Debt to Buy Out Part of Stake Held by China’s HNA
The move resolves uncertainty about the HNA investment as Hilton positions itself to take advantage of strong economic trends.
Royal Caribbean Ups Forecast But Wall Street Worries About Too Many Ships
Royal Caribbean Cruises has a lot of new ships coming, which will let the cruise operator charge higher prices and attract fresh interest. But as the global cruise industry continues to add capacity, analysts wonder if demand can keep up with the building boom.
Expedia Group Accelerates Its Spending Faster Than It Grows Revenue
If you (re)build it, they will come. That's the motto of Expedia Group CEO Mark Okerstrom for 2018.
American Airlines Lowers Profit Projections as Fuel Prices Rise
Look for airline ticket prices to increase if fuel prices don't fall soon. Passengers may not like it, but what other business doesn't try to recoup increased production costs from consumers?