:
Booking.com to slash 25 per cent of global workforce
Reading Time: 3 minutesUS / Netherlands: Four months after Booking.com chief executive Glenn Fogel admitted company job cuts were “probable”, the online travel agency has announced an extensive round of layoffs, with 25 per cent [roughly 4000 employees] believed to be affected. The layoffs are symptomatic of the Covid-19 pandemic’s impact on the global travel industry, including accommodation […]
Booking Holdings wins trademark Supreme Court case
Reading Time: 2 minutesUS: Booking Holdings, which manages travel brands such as Booking.com, Kayak, Agoda and Priceline, has won a legal case in the United States over the naming of its flagship website, Booking.com. The case, which made its way to the American Supreme Court, asserted that the website’s name referred to a generic service, and could not […]
Booking.com extends chairwoman Tans’ contract until 2021
Reading Time: 2 minutesThe Netherlands: Booking.com chairwoman Gillian Tan’s contract has been extended until 2021, a year longer than initially expected. The move is seen as something of a surprise, as her initial contract was due to expire later this month. Booking.com, the largest of the booking holdings brand, was led by Tans until June of last year […]
Leading travel companies unite to create Covid-19 travel database
Reading Time: 2 minutesUK: A group of global travel companies have banded together in order to create a Covid-19 travel database. The platform is being led by the European Covid-19 Travel Alliance, whose members include leading OTAs Booking.com and Trivago, as well as Raddison Hotel Group, KLM, and Iberostar Hotels & Apartments. The core idea behind the initiative […]
France proposes to build OTA to compete with Airbnb, Booking.com
Reading Time: 2 minutesFrance: The French government has announced proposals to build an OTA to compete with Booking.com and Airbnb. The website would be a cooperative effort between the government and the tourism industry. Eric Lombard, the head of French State-controlled financial institution Caisse des Depots & Consignations said to Bloomberg: “This sector has been very much de-intermediated […]
Booking.com fined record £6.1m for “unfair business practices” in Hungary
Reading Time: 2 minutesBudapest: Online travel agency Booking.com has been fined 2.5 billion forints [£6.1 million] by the national competition watchdog in Hungary, the GVH, for “misleading advertisements” and “aggressive” sales tactics, designed to exert “psychological pressure” on consumers. A probe was launched on the Amsterdam-based company’s platform as far back as 2018 when its income in fees drew […]
Booking.com halts all UK rentals during lockdown period
Reading Time: 2 minutesUK: Online travel agency Booking.com has made the decision to halt all rentals within the United Kingdom during the current lockdown period. The decision comes after pressure from MPs, primarily Scottish National Party [SNP] Westminster leader Ian Blackford, who had been responsible for similar pressure campaigns on other OTAs. Blackford, alongside Liberal Democrat MP Jamie […]
Booking.com and Properly team up for cleaning program pilot for rentals
Reading Time: 2 minutesWorldwide: Vacation rental management software tool and housekeeping platform, Properly, is piloting a program in partnership with Booking.com in order to enforce stricter quality and safety standards to help operators manage their way through the coronavirus and lead a post-pandemic recovery. With cleanliness and sanitation standards increasingly coming under the microscope, particularly in wake of […]
Booking.com plans for lay offs after landing $4bn loan
Reading Time: 2 minutesNetherlands: Online travel agent Booking.com has told employees in an internal memo that layoffs from the company are “probable”, just days after the Financial Times reported it had received a $4 billion loan in bonds from investors to fend off severe effects caused by the coronavirus crisis. In a video conference held with hundreds of […]
Airbnb lowers internal valuation to $26bn amid drop in bookings
Reading Time: 2 minutesUS: Airbnb has reportedly lowered its internal valuation by 16 per cent to $26 billion as a result of the global lockdowns and restrictions on mobility caused by Covid-19, sources familiar with the matter told Reuters. At the time of its last funding round in September 2017, when it raised $1 billion, Airbnb had a […]