Good morning from Skift. It’s Thursday, September 7. Here’s what you need to know about the business of travel today.
25.08.2023 - 13:06 / skift.com / Edward Russell / Dennis Schaal / Rashaad Jorden / Matthias Tillmann / Airlines
Good morning from Skift. It’s Thursday, August 3. Here’s what you need to know about the business of travel today.
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Trivago opted not to join the advertising unit that Google launched in May to attract hotel bookings. That decision contributed to the online travel agency’s disappointing second quarter performance, reports Executive Editor Dennis Schaal.
Schaal writes that Trivago’s absence in the new unit — unlike rivals such as Booking.com, Priceline and Expedia — negatively impacted its second quarter financial results. Trivago’s revenue fell 14% from the previous year. Trivago Chief Financial Officer Matthias Tillmann said on Wednesday it decided not to participate in Google’s property promotions ads because they are a part of Google hotel ads, which don’t perform well for Trivago.
Next, the chief technology officer of travel technology firm Sabre stepped down last month, a departure that coincides with other major job cuts and changes in leadership, writes Travel Technology Reporter Justin Dawes.
Dawes reported that David Moore left Sabre last month after seven years with the company. The change comes as Sabre continues its biggest tech transformation ever, namely its transition to Google Cloud, which is expected to be completed by the beginning of 2025.
Finally, Allegiant Air successfully rode its strategy of mostly flying on specific days [Access for Skift Pro and Airline Weekly subscribers only] and to its most popular destinations to a strong second quarter, reports Edward Russell, editor of Airline Weekly, a Skift publication.
The Las Vegas-based discount carrier saw revenue increase 9% in the second quarter from last year. It also reported a $133 million operating profit. Russell writes Allegiant is unique among U.S. airlines in that it typically only flies on peak days, an approach that has helped it profitably serve many U.S. smaller and medium-sized cities.
Russell adds that Allegiant’s rivals are taking steps to emulate its success. Southwest, Frontier and JetBlue have all unveiled plans to reduce flying on off-peak days.
Good morning from Skift. It’s Thursday, September 7. Here’s what you need to know about the business of travel today.
Trivago built a global brand as a place to find hotel deals in the years leading up to its 2016 IPO based on a blitz of TV advertising. You couldn’t avoid the Trivago Guy on U.S. TV, and his male and female counterparts were equally ubiquitous in markets from Germany to Australia.
The overall nights booked on Airbnb in India have grown by almost 70% in 2022 as compared to pre-pandemic levels while domestic nights grew by 110%.
Ricotta cheese cake. Pasta and chickpea stew. Anchovies with endive. All of these dishes are commonly spotted on menus throughout Rome, yet people may not realize they trace their origins to the city’s Jewish Ghetto, and the community that has called it home for more than 2,000 years. (Just look to the beloved fried artichoke, carciofi alla Giudia, which literally means Jewish-style artichokes.)
Since 1981, the Japan Rail Pass has provided overseas visitors with budget-friendly access to unlimited rides on the country’s local and regional lines, as well as the famed shinkansen bullet trains, which can reach an operational speed of 200 miles per hour, at prices unchanged in decades. Indeed, visitors to Japan in 2023 pay the same unadjusted amount for a two-week rail pass as they did in 1989.
Three Trivago executives returned to the company in May after a 3-year absence, and two months later they brought back a semi-controversial ad pitchman, the Trivago Guy.
In our weekend roundup, we delve into the pros and cons of Google’s latest foray into the tours and activities industry, providing insights into how online travel agencies might stand to benefit. We also catch up with IHG’s new CEO Elie Maalouf and his ambitious plans for the brand’s future. From AI’s influence on the travel sector to the latest controversies in short-term rentals, keep reading for a comprehensive look at the most pressing issues in today’s travel landscape.
Airbnb thinks it’s unfair that the European Commission is proposing increased data-sharing requirements on short-term rental providers across the zone, but Google seemingly is escaping the clampdown.
Google made changes to Google Flights and Hotels related to transparency in hotel reviews and pricing under pressure from the European Commission — but stopped short of making those modifications elsewhere in the world.
If the sudden dropping of all restrictions by the Chinese government caught travel agents and tour operators off-guard, it begs the question: why?
Starwood Capital, a real estate investment firm run by Barry Sternlicht — who has scaled up high-end brands W Hotels, St. Regis Hotels, 1 Hotels, Treehouse Hotels, and Baccarat Hotels — said it would help launch a limited-service hotel brand focused on the outdoor sector. Enter the iconic media brand Field & Stream, founded in 1895.
A strategic partnership with Booking Holdings is helping expense management company Serko recover from the pandemic.