Global business travel and events costs are expected to keep climbing through the remainder of 2023 and into 2024. However, lingering economic uncertainty and a gradual easing of supply-side constraints are likely to result in more subdued price increases than the record hikes during 2022,...
Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as features like automated payouts and charging based on driving data. “As the number of rideshare...
Travel website Expedia has a well-known consumer-facing website, but it also delivers a growing number of products behind the scenes. The company is seeing “tremendous momentum” in its B2B business, Expedia Group Vice Chairman and CEO Peter Kern said Thursday (Aug. 3) during the company’s...
Consumers are hungry for experiences, and that’s been good news for TripAdvisor. The travel service announced second-quarter 2023 earnings results Thursday (Aug. 3) that showed its experience earnings surpassing its hotel earnings for the first time, with overall revenue growth up 18%. “[O]ur data from...
This summer has brought a travel boom. Just not in the way airlines might have expected. As Bloomberg News reported Thursday (Aug. 3), travelers seem to want to take international trips, which has left domestic airlines slashing prices and feeling strained, with JetBlue lowering its outlook for the year, and...
The European Union (EU) is looking into the tightening of regulations experienced by ride-hailing apps in Spain. The EU has opened a preliminary probe into whether the latest measures enacted by the Spanish government protecting the taxi industry from private hire services such as Uber, Bolt and Cabify, are a breach...
Tripadvisor has added an artificial intelligence (AI)-powered travel itinerary generator to its travel guidance platform. This new addition to the company’s Trips product uses OpenAI’s generative AI technology to craft personalized travel itineraries based on insights from travelers’ reviews and opinions posted on the platform, Tripadvisor said...
Expedia Group has unveiled a new loyalty program that rewards travel and hospitality business across the company’s portfolio. This single loyalty program called One Key unifies the travel brands Expedia, Hotels.com and Vrbo into one rewards program, allowing travelers to earn and use rewards more...
Mastercard and travel agency Nirvana Travel and Tourism are partnering to provide a payment solution to customers who book travel services in the United Arab Emirates, Saudi Arabia, Egypt and Jordan. The collaboration combines digital and contactless payment technology for consumer and business travel, the companies said in a Thursday...