Articles tagged “layoffs”

Welcome to a more focused Airbnb, one that is about homes, and not hotels and luxury properties. This may not bode well for a public offering.

It's hard to see how Trivago survives the pandemic without an asset sale or private equity taking it private perhaps.

The job cuts at Kayak and OpenTable represent the first reported layoffs and furloughs at parent company Booking Holdings growing out of the coronavirus crisis other than for 48 contractors at Booking.com whose agreements weren't renewed. Few travel companies will emerge unscathed so it wouldn't be surprising if more cuts were coming at other Booking brands.

Tripadvisor isn't immune from the coronavirus travel lockdown in many parts of the world, and it is taking difficult steps to survive the pandemic.

Government relief or not, if a substantial coronavirus recovery doesn't take shape by June, it's hard to believe that Booking Holdings won't execute substantial layoffs like everyone else. Perhaps the crisis, too, will spur new discussions about enormous pay gaps between CEOs and their workers.

Oyo put in place a substantial number of furloughs — likely in the thousands — and there are probably many more to come after the India lockdown ends. The Oyo that emerges will look different than the rocket ship of a year ago. Withdrawing from certain markets will certainly have to be under consideration.

Will hotel direct-booking campaigns be in play after the coronavirus crisis? That's a side issue that online travel agencies and hotels would love to have to deal with at some point. In the interim, they are facing more existential questions.

It's fairly certain that many Marriott International-affiliated properties will never reopen. CEO Arne Sorenson is showing leadership in being candid about the tough measures the hotel chain has to take to emerge with a business worth running when coronavirus hopefully fades.

Major hotel chains are undertaking financial moves to get past the coronavirus crisis. But without governmental relief, it likely won't be enough.

Will the U.S.government be able to bail out everyone? The line of businesses and people hoping for relief is getting very long.