Issue 28: 28th July 2014

    0

    Travelport ups Orbitz sale

    Travelport has announced that it will sell most of its Orbitz stake, increasing the disposal to 34 million shares  up from 20 million in an earlier announcement. News of the sale pushed Orbitz shares down by 5%. Travelport is seeking to cut debt as it moves towards an IPO. The 34 million shares Travelport is [...]
    0

    Travelzoo pins hopes on hotels

    Travelzoo reported an 11% fall in second quarter revenues, pulled down by poor performance in its domestic market. The company said that it would continue to focus its efforts on the mobile channel and on its new hotel booking platform. In North America business segment revenue fell by 17% year-over-year to USD25.2m. In Europe business [...]
    0

    Airbnb looks for truth and belonging

    Airbnb has redesigned its website to include its sexy new logo, which has garnered mixed reactions, and revamp its reviews process. The move means that reviews will now be revealed to hosts and guests simultaneously, which the company hopes will mean greater honesty. The company said: “Our community is built on a great deal of [...]
    0

    Hotel brands squeezed out of meta

    Hotel brands must invest in meta-search if they are to avoid being squeezed out by online travel agents and Google. According to a report from L2, leveraging meta-search is particularly important when targeting younger consumers, who are less likely to use brand sites and more likely to rely on OTA and meta-search sites. The study [...]
    0

    Momondo moots sale

    Momondo Group, which includes the Cheapflights brand, is reported to be considering a sale after receiving a number of buyout approaches. A number of companies have been linked to a buy, with Expedia and Sabre both viewed as possible candidates. Reports suggest that the company could be sold for around GBP150m. In a statement the [...]