Moncler Group Revenues Rise One Percent
Moncler Group’s first quarter sales rose 1 percent to €829 million ($943 million) up 1 percent year-on-year and just above analyst expectations. Stone Island and Moncler brands’ DTC channels both grew, while wholesale revenues were down 5 percent for Moncler and 19 percent for Stone Island. Revenue in Asia grew
Experiences becoming “strategic and financial center” of Tripadvisor Group
Tripadvisor Group reported record revenue in 2024 bolstered by experiences, a category that has been fueling its growth in recent years, with Viator accounting for 46% of the company’s total revenue last year up from 33% in 2022. Matt Goldberg, CEO of Tripadvisor Group, said the company exited the year
PhocusWire’s weekly travel tech news briefs: Sihot, HiJiffy, Magpie, Visit Group and more…
Here’s our roundup of the people, product and partner news from the global travel industry this week. Sihot, smartphone wallets Sihot, a hotel management system, has introduced digitized booking information, allowing guests to add hotel reservations to Apple or Google Wallets. The system is meant to simplify check-ins by offering
Expedia Group makes job cuts
Expedia Group has laid off an unknown number of employees. Employees posted on LinkedIn describing the “sweeping round of layoffs” and Expedia Group shared a statement regarding the cuts in an email to PhocusWire. “To ensure the best traveler experience, we must continually adapt to the evolving needs of our industry and travelers,”
PhocusWire’s weekly travel tech news briefs: TravelPerk, Airbnb, Expedia Group, SWA, Hostaway and more…
Here’s our roundup of the people, product and partner news from the global travel industry this week. Editor’s note: This roundup was created with the help of ChatGPT. Amex GBT names new senior leadership American Express Global Business Travel (Amex GBT) has announced new senior leadership appointments in marketing and technology.
Trip.com Group reports Q4 bookings growth for international and inbound travel
Trip.com Group has reported outbound hotel and air ticket bookings have recovered to more than 120% of pre-COVID level in the fourth quarter of 2024 compared to the same period in 2019. The China-based online travel agency said air ticket and hotel bookings on its international online travel agency Trip.com
PhocusWire’s weekly travel tech news briefs: HBX Group, NaviSavi, Cellpoint Digital and more…
Here’s our roundup of the people, product and partner news from the global travel industry this week. Travelport, Costco Travel Travelport and Costco Travel have entered a long-term technology partnership to enhance travel retailing experiences for Costco members. Travelport will provide Costco Travel with normalized multi-source content, offering a wide
Dertour Group acquires remaining Hotelplan Group brands
European travel conglomerate Dertour Group, which owns more than 130 businesses, has acquired Hotelplan Group from retail giant Migros for an undisclosed sum. The acquisition should bolster Dertour’s presence in the United Kingdom, Switzerland and Germany. The purchase gives Dertour Group ownership of four brands that had operated under Hotelplan Group: