Tag: Expedia

JP Morgan Chase to offer full service travel agency

Reading Time: < 1 minuteUS: JP Morgan is putting together a full service travel business, which could make it the third largest travel agent in the world.

Vacation rental revenues halved, $35b loss in 2020

Reading Time: 2 minutesWorldwide: According to data from StockApps, the revenue of the global vacation rental industry is expected to drop by $35 billion in 2020, which equates to a 42 per cent drop year-on-year. In 2017 the industry generated $78.7 million in revenue, which rose by seven per cent to almost $84 billion in 2019. However in […]

Honolulu signs MOU with Airbnb and Expedia

Reading Time: 2 minutesUS: Hawaii’s capital Honolulu has signed a memorandum of understanding [MOU] with both Airbnb and Expedia to improve the enforcement of rental laws in the city. Both companies will now share information with the city and assist with education and place certain licensing features on their listings. Properties in Honolulu will now be required to […]

Expedia claims “better than expected” Q3, driven by Vrbo

Reading Time: 2 minutesUS: Travel firm Expedia Group has announced its 2020 Q3 results, which it has claimed are better than expected, but still down over 50 per cent from 2019. Its short-term rentals arm Vrbo, however, has outperformed much of the market, as it saw growth in both total bookings and total revenue from 2019. CEO Peter […]

Expedia Group draws up plans for new round of layoffs

Reading Time: 2 minutesUS: Expedia Group looks to be heading towards another layoff round, as Travel Partners Group CEO Cyril Ranque announced further redundancies within the company. The company laid off 12 per cent of its workforce earlier this year before the pandemic, in an attempt to manage a “bloated and sclerotic” workforce. Travel Partners Group is a […]

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 […]

HalalBooking partners with Expedia

Reading Time: 2 minutesUK: Halal-friendly hotel and villa provider, HalalBooking, has partnered with online travel agency Expedia to help it weather the global pandemic. The search and booking website for halal-friendly travel has over 300,000 registered users in more than 84 countries, with a December 2019 valuation of $52.5 million. HalalBooking, which is headquartered in London, serves as […]

It’s a vacation rental inventory gold rush! James Burrows, Rentals United

Reading Time: 4 minutesSpain: Rentals United CEO James Burrows addresses how OTAs are rushing to expand vacation rental inventory to meet increasing demand. As the world comes to grips with the ‘new normal’, the travel industry has an opportunity to begin its recovery. The vacation rental world especially is having a faster speed of recovery or is even the only sector bouncing […]

Expedia publishes 2020 Summer Travel Report

Reading Time: 4 minutesUS: Online travel agency Expedia has published its 2020 Summer Travel Report, which analyses the latest traveller trends ahead of the peak of this year’s summer season, despite the Covid-19 pandemic playing havoc with travel plans. Summer travel looks invariably different this summer, and Expedia’s latest report sheds light on the emerging priorities and behaviours […]

Vrbo reports major growth as Expedia moves to cut costs

Reading Time: < 1 minuteUS: Vrbo is reporting significant growth as vacation rentals across the United States surge, helping to boost revenue for parent company Expedia Group. This contrasts with earlier in the year, when the company called its short-term rental service “fairly muted”. In an unscheduled financial filing yesterday, Expedia Group said: “Vrbo, Expedia Group’s alternative accommodation business, […]