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The OTAs showed dramatic acceleration in 4Q bookings growth, driven in no small part by a sharp uptick in airline bookings. We will have a lot more on that topic in our 3/3/10 w...
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Following several losses in occupancy tax cases last year, we have seen three wins since December. The tax risk has weighed on leading hotel merchant Expedia, but the favorable ...
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We have taken a couple of cracks at understanding how Travelport’s planned IPO values the company. We are again fine-tuning our thoughts based on a bit more detailed information...
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With a bit more information now on the details of the planned Travelport IPO, we have fine-tuned our thoughts on valuation. Based on the sale of a 50-60% equ...
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After months of speculation, it is official…Travelport has filed for an IPO. From what we can see, the deal would put a total value on the business within 5%...
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While the hotel pricing environment remains very difficult and likely will be throughout 2010, we are seeing signs that trends are improving and exceeding lo...
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There has been press for months about global distribution system (GDS) plans for early-2010 initial public offerings. We have argued that IPOs could be a cat...
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Priceline reported yet another exceptionally strong quarter. As with Expedia and Orbitz, we saw accelerating transaction volume and marketing efficiency. Unlike the other two, w...
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Orbitz reported 3Q 2009 operating results yesterday. The key themes in the quarter: 1) Transaction volume continued to accelerate,2) Marketing spend was down sharply, and 3) inc...
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Even with widespread anticipation that Expedia would benefit from accelerating transaction volume and low advertising costs, the company was still able to deliver results that s...
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