For the second year running earnings at travel agency group Helloworld could fall by 25%, the company said today. It anticipates EBITDA earnings of $30m to $35m for FY15, compared with $40m in FY14, which was down 25% from $54m in FY13. More
Freshly listed New Zealand corporate travel management company, Serko, today reported its first results as a public entity, unveiling growth in revenue and transactions over the previous year while clocking up a loss of -NZD3.6m for the six months to September 30. More
TripAdvisor is now integrating bookable Viator inventory into its search results, three months after buying the tours and activities company for USD200m. Almost 8000 attractions now have bookable product on TA, including the Taj Mahal (pictured).
Expedia yesterday completed the formalities of acquiring Australia's largest online travel company, the Wotif Group for AUD703m. So what happens now? More
Australia's tit for tat aviation dog fight has moved to food with Qantas rolling out a new menu featuring greater selection, larger servings and claimed faster service on international services.
All designed of course by celebrity chef Neil Perry (pictured) who has become something of an airline mascot. More
The security of world-leading OTA Booking.com has been breached with the company admitting it refunded "around 10,000" customers tricked into pre-paying for accommodation by tech-savvy fraudsters who had obtained details of their reservations. More
After 40 years Hilton has lost management rights of the Hilton on the Park in Melbourne to Accor, which will operate the 18-storey five-star hotel as a Pullman from January 1, 2015. Owner Brookfield is reportedly looking to sell the hotel for AUD160m.
Investors marked down US online travel companies last week after being disappointed by a series of high-profile results that failed to meet expectations (spiralling costs the dominant feature) and softer than expected forecasts. It's tough out there. More
New research from Google suggests that the travel purchase path can no longer be viewed as a linear, logical funnel – rather, it has become the purchase pretzel with randomness a characteristic of what, for many consumers, has become a tortuous process that takes an average 53 days during which 28 different sites are visited over 76 sessions. More
Do you ever get the feeling that the online travel industry is losing the plot, just a little? I'm beginning to wonder. One red flag is the open lack of affinity many of the online players have for travel: ie they do not identify as travel companies… More
Expedia could own Wotif by next Friday, November 14, after delayed approval of the deal was finally granted yesterday by the New Zealand Commerce Commission, which determined that the takeover would not reduce competition. More
Cruise numbers may be booming in Australia but the industry's cut-price mentality is beginning to bite with research from Royal Caribbean showing customers don't give a damn who they sail with – all they care about is price in a sector awash with capacity and discounting. More
Flight Centre founder Graham Turner headlined a great day at TRAVELtech 2014. More than 200 delegates enjoyed a compelling program and excellent networking. Thanks to all who contributed. More photographs follow – hope to see you in 2015. More
Space craft crashes, co-pilot dies and Virgin Galactic issues a statement that includes this line: "During the test the vehicle suffered a serious anomaly resulting in the loss of the vehicle".
Weirdly robotic and impersonal but perhaps a clue to the confusion and corporate fright surrounding the accident, which has seriously derailed plans to turn space travel into a commercial venture. More
Momentum at Expedia built during the third quarter with revenue increasing 22% to USD1.71bn. Gross bookings were up 29% while room nights grew 24%. International revenue rose 25% and now accounts for 48% of total revenue for the US company.
Tourism Australia and Virgin Australia today announced they have boosted the value of their three-year marketing agreement to more than AUD20m , half of which will be spent in 2015 on promotion in the United States and New Zealand.
The question threw Tomas Laboutka of HotelQuickly, a last minute booking app. "It's a very general question – I don't know what you mean," was the gist of his reply. And the query – do you consider it a weakness to be only available as an app? More