Issue 19: 17th February 2012

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    TUI Travel hails online growth

    TUI Travel said that its strategy of focusing on online sales was “progressing well” as it reported a 5% increase in first-quarter revenues to GBP2.8bn. The company saw its loss increase by GBP14m to GBP131m, in what is typically a slow season. The group said that it would continue to look at creating differentiated products [...]
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    Wyndham results back online revamp

    Wyndham Worldwide has reported a higher-than-expected quarterly profit of USD56m and increased its full-year earnings forecast. The news came as the company, which operates on a franchise basis, announced that most of its brand websites had been updated, with “excellent” results, indicating the increasing importance of the channel for operators and their potential owners. The [...]
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    Groupon stays with hotels despite loss

    Groupon last week surprised the market by reporting a fourth-quarter net loss of USD42.7m, attributed largely to the cost of overseas growth. The news came as Cornell University released a study on flash sales in which respondents confirmed that working with companies such as Groupon did not help build repeat business although, if managed well, [...]
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    TripAdvisor – the reviews are in

    TripAdvisor last week reported a 30% increase in revenue on the year for the fourth quarter, to USD137.8m, with net income increasing 18.8% to USD22m. The company’s results were met with caution by observers, who were disappointed by the group’s forecasts for the full year. Shares in the company fell by 15% following the announcement, [...]
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    Expedia takes short-term pain

    Expedia has reported a fall in fourth-quarter net profit, to USD59.7m, against USD63.4m in the same period last year. The drop was attributed to an increase in costs relating to recent technology investments, in addition to a 5% fall in revenue per room night. The group said that it would continue to look overseas for [...]