travel sector

One in Every Ten Dollars Globally Spent on Travel in 2024
One in Every Ten Dollars Globally Spent on Travel in 2024
September 03, 2024  |  Travel Payments

Travel spending will generate a record 10% of gross domestic product (GDP) this year. That’s according to a report Monday (Sept. 3) by Reuters, citing...

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Consumers Cut Back on Travel, Experiences Amid Uncertain Economic Outlook
Consumers Cut Back on Travel, Experiences Amid Uncertain Economic Outlook
August 08, 2024  |  Consumer Insights

Consumers are reportedly delaying or cutting back on travel and experiences amid an uncertain economic outlook. Online booking platforms, airlines, hotels and other companies in...

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Wyndham Hotels Touts AI Initiatives Amid Record Room Growth
Wyndham Hotels Touts AI Initiatives Amid Record Room Growth
July 25, 2024  |  Earnings

Wyndham Hotels & Resorts is investing in artificial intelligence (AI) amid record growth in its room pipeline. The hotel and resort chain released earnings Wednesday...

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Lighthouse Debuts AI-Powered Solution for Independent Hoteliers
Lighthouse Debuts AI-Powered Solution for Independent Hoteliers
July 18, 2024  |  Travel Payments

Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company...

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Airbnb Looks for Acceleration in Summer Travel but Guidance Disappoints  
Airbnb Looks for Acceleration in Summer Travel but Guidance Disappoints  
May 08, 2024  |  Earnings

Airbnb’s first quarter results showed growth in listings and in nights booked. And per management commentary on the conference call, demand for international travel remains robust —...

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Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
May 02, 2024  |  Earnings

Online travel company Booking Holdings is seeing results from its deployment of new tech-driven initiatives. These initiatives include its “connected trip” vision, its artificial intelligence (AI) capabilities...

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Expedia’s B2B Segment Thrives While B2C Struggles for Momentum
Expedia’s B2B Segment Thrives While B2C Struggles for Momentum
May 02, 2024  |  Earnings

Expedia Group’s first-quarter results, released on Thursday (May 2), indicate a healthy yet more stabilized global travel market, albeit with slightly subdued gross bookings.  On a call...

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Eclipse Spotlights a Revenue Opportunity for Travel Sector
Eclipse Spotlights a Revenue Opportunity for Travel Sector
April 07, 2024  |  Travel Payments

This week’s eclipse could mark a bright spot for companies in the travel sector. As Reuters reported Friday (April 5), parts of the U.S. that...

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Report: Tripadvisor Considering Takeover Bid From Apollo Global Management
Report: Tripadvisor Considering Takeover Bid From Apollo Global Management
March 06, 2024  |  Acquisitions

Tripadvisor is reportedly considering a takeover bid from Apollo Global Management. The travel information service has been working with advisers to consider any takeover interest since last...

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