Issue 37: 21st October 2014

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    TUI Travel raises forecast as online builds

    TUI Travel said that its online focus was “delivering results” in a pre-trading update that saw online bookings account for more than a third of holidays booked. The company raised its full-year forecast, at the same time that it is persuading shareholders to support a merger with German parent company TUI AG. TUI Travel said [...]
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    Wyndham appeals against FTC right to sue

    Wyndham Worldwide has asked a federal appellate court in the US to throw out Federal Trade Commission charges relating to the company's data-security practices. In May a federal judge ruled that the US Federal Trade Commission could sue Wyndham over past data breaches, despite the group protesting that it was a victim in the case. [...]
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    Room Key CEO quits

    Room Key has appointed Steve Sickel as interim CEO, replacing founder John Davis, who, the group said, had “decided to step down”. Sickel is to focus on expanding the site’s its core business-to-consumer meta-search offering while also planning and developing a broad business-to-business distribution product offering. Sickel said: “Room Key is a compelling platform with [...]
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    San Francisco opens up to Airbnb

    San Francisco has effectively legalised Airbnb in the city, after lifting the city’s ban on residential rentals of less than 30 days. The announcement came shortly after the launch in New York of ShareBetter, a coalition opposing the company that is reported to be at least partially funded by the hotel sector. In San Francisco, [...]
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    Expedia sees further sale rumours

    Expedia shareholder Liberty Interactive is reported to be considering selling its stake in the online travel agent, despite buying an additional USD20m in stock last month. The news is the latest rumour around Expedia’s ownership, with the group most-recently mooted for a sale to Alibaba. Liberty Interactive Corporation owns approximately 18% of Expedia shares, representing [...]