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Tripadvisor Plus Program Forced To Make Significant Changes; Travel Industry Veterans Launch Spotnana; Hopper CEO Plans To Creates Travel Superapp For The West - Media, Telecoms, IT, Entertainment

Skift's annual Skift Global Forum, which was held this past week, produced a number of newsworthy items for this week's Update. Enjoy. ....

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Online Travel Update: Booking Holdings, Expedia Group and Tripadvisor report rising travel demand and discuss core strategies to capture travel rebound in first quarter's earnings releases | Foster Garvey PC

My key takeaways from this past week’s Expedia call are below:
Highlights from the recently announced sale of Expedia’s corporate travel platform, Egencia, to Amex GBT include (i) Expedia eventually owning approximately 14 percent of the combined businesses post-closing – which Expedia assumes will be worth $700 million and (ii) the deal comprising a long-term supply agreement between Expedia Partner Services (EPS) and Amex GBT, which according to Expedia CEO, Peter Kern, underscores EPS’ continuing efforts to position itself as a B2B business platform and allow Expedia to focus on its core B2C and B2B businesses.
Over the past quarter, Expedia has shifted its perspective on marketing – moving from an initial bias against large marketing commitments early in the quarter to now making major investments in an attempt to get out ahead of the anticipated wave of travel demand. Expedia, Orbitz and Vrbo are the initial beneficiaries of this new marketing commitment. ....

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Online Travel Update: Short-term rentals hosts become hot commodities; AirAsia continues its effort to diversify online offerings; Expedia launches AI-enabled virtual travel agents | Foster Garvey PC

To embed, copy and paste the code into your website or blog:
It was another relatively quiet week in the online travel world as evidenced by our stories below. Expedia Group’s introduction of its Fast Track program designed to recruit unhappy Airbnb hosts and its rollout of AI-enabled virtual travel agents received most of the attention. Enjoy.
(“Expedia’s Vrbo Looks to Poach Discouraged Airbnb Hosts With New Incentives, March 29, 2021 via Skift Travel News) (subscription may be required)
We have all read the many stories chronicling the successes of short-term rentals during the pandemic. Our team has done more work in the space over the last six months than the past two years combined. Now, as the travel industry prepares for the anticipated return of leisure travel (and continued strong demand for traditional lodging alternatives), distributors are getting creative in their efforts to add to their rental inventory – even going so far as to create a dedicated ....

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Online Travel Update: Booking Holdings releases fourth quarter and 2020 financial results, plus a few takeaways; and Expedia and other newcomers eye wholesale distribution opportunities | Foster Garvey PC

This week’s Update takes a close look at Booking Holdings’ recent fourth quarter and year-end earnings release. Enjoy. ....

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Online Travel Update: Trivago reports a challenging 2020, but expects a positive 2021; Expedia reports disappointing year-end results; 'Clear' emerges as new digital health passport leader; unpaid refunds threaten Lastminute.com | Foster Garvey PC

For readers who have been following our Online Travel Updates since its inception, we thank you for your continued support. In this year of 2021, June will mark our six-year anniversary. ....

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