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Gen Z and millennials make last-minute Thanksgiving travel plans
Reading Time: 3 minutesUS: 52 per cent of Gen Z and 49 per cent of millennials in the United States are planning to travel for this year’s Thanksgiving weekend [24-28 November], with many trips expected to be booked at the last minute. That is according to travel guidance platform TripAdvisor, which also states that 55 per cent of […]
Vrbo and TripAdvisor update traveller safety policies
Reading Time: 2 minutesWorldwide: Short-term rental platforms, including Vrbo [an Expedia Group brand] and TripAdvisor, are tightening their safety policies for travellers in the wake of allegations of violent crimes taking place at Airbnb listings. The former has made the decision to ban hosts from leaving keys in public places “where the owner, property manager or staff is […]
Tripadvisor to raise $300m through convertible note offering
Reading Time: 2 minutesUS: Online travel site Tripadvisor has announced that it plans to raise $300 million in convertible notes via a private offering, in a move that may include “repayment of existing debts”. The issue of convertible notes is set to fund the costs of “capped call transactions and other general corporate purposes” and the private offering is due […]
Tripadvisor accused of “subterfuge” over T&Cs update
Reading Time: 6 minutesUK: Online travel company Tripadvisor has denied adopting “one-way terms”, “double standards” and “subterfuge” on content use on its site, following accusations made by a number of accommodation owners and hosts. The firm is reported to have requested unlimited access to all website content by accommodation owners and hosts – access which some owners and […]
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 […]
Tripadvisor publishes findings from travel industry recovery study
Reading Time: 2 minutesWorldwide: Travel platform Tripadvisor has released the findings of a multi-month study that analysed consumer travel sentiment and first party behavioural data related to the ongoing pandemic, as well as the stages of recovery that the industry will need to overcome The research paper, entitled “Beyond Covid-19: The Road to Recovery for the Travel Industry”, outlines […]
TripAdvisor to lay off close to 25 per cent of its global workforce
Reading Time: 2 minutesUS: Online travel company TripAdvisor is to lay off 900 employees — accounting for almost 25 per cent of its global workforce — in a “significant” cost-cutting exercise, CEO and co-founder, Stephen Kaufer, revealed in a company blog post. In light of the coronavirus pandemic, TripAdvisor is making 600 of its employees in the United […]
TripAdvisor seeking to sell off vacation rental brands
Reading Time: < 1 minuteUS: Online travel company TripAdvisor is reportedly floating its vacation rental business collection for sale as it seeks to hone in on experiences, dining, hotels and media commitments, according to a report in Skift. The company‘s five vacation rental brands – FlipKey and VacationHomeRentals [US], Holiday Lettings and Housetrip [UK] and Niumba [Spain] – are […]
Duke of Sussex and travel players join forces for Travalyst launch
Reading Time: 3 minutesWorldwide: HRH The Duke of Sussex has joined forces with TripAdvisor, Booking.com, Ctrip, Skyscanner and Visa to launch Travalyst, a global partnership which advocates sustainable practices across the travel industry. The alliance was announced this week in Amsterdam with the aforementioned firms named as the founding partners of Travalyst and further companies and non-government groups […]
TripAdvisor starts collecting TDTs on rentals
Reading Time: < 1 minuteOrlando: Orange County has announced it has entered into a voluntary collection agreement (VCA) with TripAdvisor and its affiliates to collect tourist development taxes (TDTs) on short-term rentals. The announcement, made by Orange County comptroller Phil Diamond, saw the agreement come into effect at the start of the year. As a result, TripAdvisor will be […]