The financials are in from Expedia. According to the reports, wile quarter 4 revenue was up by 6.7% at $787.1 million compared with the previous year, expenses took their toll virtually eliminating and growth for 2011.
travel companies
Thomas Cook Buys Time With Spain Divestiture
Beleaguered Thomas Cook has unloaded gold and hotel business in Spain to help slash debt which has crippled their business of late. The 170 year old company will be selling their stake in Hoteles Y Clubs De Vacaciones for a reported £72 million. The news comes in advance of delayed Thomas Cook annual results which will almost certainly spur massive store closings and job losses.
OTA CEOs: Part II
Yesterday we began a series on online travel agency CEOs, and a recent interview conducted by USA TODAY’s Veronica Gould Stoddart and Roger Yu. We analyzed a bit, some key decision makers’ mindset on the question of whether consumers want (will get) richer content from these industry giants during their travel searches. Expedia, Orbitz, TripAdvisor, parent Expedia, Travelocity, and Priceline bosses all had their views there.
EuropeTravel Launches New Social Networking Travel Portal
The unveiling of the dynamic new addition to the internet travel community was announced today, as the EuropeTravel.net portal finally went live. EuropeTravel is a unique social network community geared towards European travel, with the stated goal of bringing together travel companies, tour operators and travelers to engage in information sharing for all 55 European nations.
Tours4Fun and Hop2 Flight Search Partner
In budget travel news, sightseeing tour company, Tours4Fun, announced a new partnership with Hop2 Travel for offering direct access for affordable flights. The Los Angeles based tour company will also add Hop2 offerings like car rentals, hotels, and even cruises for their clients. Argo takes a look at this news bit to evaluate some OTA corporate moves – is this news or not? Let’s see.
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- Next Page »