Expedia to raise $3.2bn funding ‘to survive’

Expedia has named group vice-chairman Peter Kern as new chief executive and announced moves to raise $3.2 billion in funds. Kern has been running Expedia with chairman Barry Diller since the removal of former chief executive Mark Okerstrom in December. The $3.2 billion in new capital will come via a $1.2 billion investment by privateContinue reading “Expedia to raise $3.2bn funding ‘to survive’”

Rate this:

Opportunities in the industry’s Asia expansion

The development of China as a cruise market means new ships are going there instead of to North America, which is a mild source of anxiety for travel agents in the U.S. and Canada. But it also serves to put the spotlight on Asia and encourage travelers to explore that part of the world. AtContinue reading “Opportunities in the industry’s Asia expansion”

Rate this:

Phocuswright: Mobile is key battleground, but it’s not all about apps

By Travolution Image: Phocuswright’s Marcello Gasdia Mobile is now firmly established as the key battleground as the world’s biggest online travel firms fight for dominance. At last week’s Phocuswright conference in Los Angeles, global giants Booking.com, TripAdvisor, Expedia and Kayak all highlighted mobile as vital to success. Central to this for online agents and metasearchContinue reading “Phocuswright: Mobile is key battleground, but it’s not all about apps”

Rate this: