Expedia tips

Australian short-term rental operator Alloggio will be taken private by private equity firm Next Capital. If approved by a shareholder vote in July, the deal will be worth around $40 million (AU $60 million). 

With “Wisdom & Obi,” the creative team at Expedia have successfully captured the essence of travel.

In monitoring online travel CEO compensation packages over the years, it’s always interesting to see these leaders receive what may be looked at as lifetime achievement awards, a monetary “thank you.” At long last, it’s time to cash in.

Is it the right place and moment for Chase Travel, which says it generated $8 billion dollars in sales in 2022?

Whoever has the most short-term rental listings wins, right? OK, that’s a simplistic view. But with Airbnb’s revenue per available room forecast to decline a tad over the next four years compared with 2019, it would have to count on listings growth to hit analysts’ bookings expectations in 2026.

Good morning from Skift. It’s Thursday, June 1. Here’s what you need to know about the business of travel today.

You see it everyday on hotel price comparison platforms such as Google: There’s the hotel’s official price on its website, and in swoops Singapore-based online travel agency Agoda with a lower rate, that’s $20 or $30 lower.

Ask Skift is our artificial intelligence chatbot that offers a new way for readers to better engage with our breadth of knowledge and our latest experimentation creating products travel professionals rely on. It digs into news stories, Skift Research reports, Airline Weekly issues, Skift Live events, the Daily Lodging Report, and more to answer many questions about the travel industry.

Expedia Group and Vacasa are both going through tech updates as they work to improve their platforms and compete in the growing industry. 

Kimberly Miles, the executive director of the Vacation Rental Management Association, acknowledges that there is a “new normal” for the sector this year as demand softens or over-supply takes hold in certain markets, but there is also a reset for the association in terms of unlikely allies and members.

Expedia Group executed a limited number of layoffs that affected two teams, one in product and tech, and another in human resources, according to a source familiar with what took place.

On Wednesday of last week, Skift broke the bombshell news that Expedia Group—the world’s leading Online Travel Agent—had decided to end its longstanding partnership with Hopper, a rival OTA that Expedia had nonetheless been providing hotel and vacation rental inventory for many years. What’s more, Expedia used their announcement to voice concerns about several practices employed by Hopper that they perceived to be detrimental to consumers.

When it comes to online travel agencies’ business to business deals, you may need a scorecard to keep up. In the latest deal, Expedia Group became the power behind Walmart’s travel offering.

Spirit Airlines Inc has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said the low-cost carrier blindsided them with surprise carry-on bag fees on tickets bought through third-party travel services.