Online travel stocks have fallen 38% in 2020 (mainly due to the coronavirus)

PhocusWire | March 13, 2020

Stocks for online travel giants have collectively fallen about 38% ($915 in total share price) since the start of 2020. Most of the value has been decimated due to the spread of the COVID-19 coronavirus, with bookings declining and analysts anticipating a long-term impact. Here’s a look at these stocks for the first 10 weeks of 2020:

Spotlight

Take a look at the newest thrills, merriment, and feel-good moments at Walt Disney World in Florida! From the Disney Skyliner, a new transportation system, to Star Wars: Rise of the Resistance, a new ride at Galaxy's Edge at Disney's Hollywood Studios, it is the perfect time to visit Walt Disney World Resort. Learn more about what's new at the Disney parks and how to plan your next trip:

Spotlight

Take a look at the newest thrills, merriment, and feel-good moments at Walt Disney World in Florida! From the Disney Skyliner, a new transportation system, to Star Wars: Rise of the Resistance, a new ride at Galaxy's Edge at Disney's Hollywood Studios, it is the perfect time to visit Walt Disney World Resort. Learn more about what's new at the Disney parks and how to plan your next trip:

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Despegar Completes Acquisition of 100% of the Brazilian Online Travel Agency Vijanet

Despegar, Corp | June 09, 2022

Despegar, Corp announced that it has completed the previously announced acquisition of 100% of TVLX viagens e Turismo S.A for a total consideration of approximately US$15.5 million, which will be subject to customary post-closing adjustments. TVLX Viagens e Turismo S.A is one of Brazil's biggest online travel firms. 17% of the total consideration was paid upon the deal's closure, 43% is projected to be paid in July 2022, 20 percent in June 2024 and the remaining 20 percent in June 2025, subject to any post-closing indemnification changes. Despegar is Latin America's top online travel agency. Technology has altered the travel sector for over two decades. Despegar is constituted of a consolidated Group that comprises Best Day, Viajes Falabella, Viajanet, and Koin (the Company's fintech company), therefore becoming one of the most significant organizations in the area and able to give a customized experience to more than 29 million clients.

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BUSINESS TRAVEL

Hotelplanner and Ventures Endurance Partner On 115 Annual Endurance Races and Events Athlete Hotel Bookings

Hotelplanner | April 18, 2022

HotelPlanner announced a partnership with Venture Endurance as a service provider. A subsidiary of Gannett's USA TODAY NETWORK Ventures, to split revenue from athlete hotel reservations for the country's more than 115 yearly endurance and adventure races and events. Ventures Endurance is one of the largest event companies in North America. There is something for athletes of all fitness levels year-round, including marathons, obstacle events, cycling, and themed virtual runs. RAGBRAI, the Rugged Maniac Obstacle Course Series, the Hot Chocolate 15K/5K Series, the Essentia Fargo Marathon, and the Statesman Cap 10K are all notable events and popular racing series. Bruce Rosenberg, President and Chief Operating Officer, said, "This partnership is well-timed as leisure travel rebounds and more and more athletes are willing to travel across the country to participate in sporting events, especially the iconic events that Ventures Endurance is known for. This deal enables athletes, and their friends and family, to find the best price and value for their hotel stay during competition, while driving additional revenue to event host cities." "HotelPlanner's proprietary AI-enabled booking engine, their hotel relationships, and their individual and group sales expertise make this a powerful partnership to save our athletes money, and to ensure their hotel booking experience is seamless and stress-free." -Ronan Gardiner, VP, Event Sponsorship, Ventures Endurance

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DESTINATION AND TOURISM

The App in the Air Joined the Global Sustainable Tourism Council to Expand Its Sustainability Features

App in the Air | April 21, 2022

App in the Air is joining the Global Sustainable Tourism Council (GSTC) and furthering its commitment to helping travelers achieve carbon neutrality. The Global Sustainable Tourism Council, established to establish and manage global sustainability standards known as the GSTC Criteria, has brought consistency to the travel industry through four key sustainability pillars: sustainable management, socioeconomic impacts, cultural impacts, and environmental impacts. As a GSTC member, App in the Air will participate in critical decision-making processes regarding the future of sustainable tourism, gain access to essential education and training opportunities that will assist the team in achieving their ambitious carbon neutrality goals and enhancing their own sustainability initiatives, all of which align with the app's and Founder's values. For the worldwide community of App in the Air, the relationship with GSTC provides more openness about hotel sustainability policies and access to the world's largest database of sustainability-certified hotels. In addition, the search criteria, which are presently being developed and will be released later this year, will make it easier for app users to find sustainable and responsible lodging alternatives and enable regular travelers to monitor further and decrease their travel carbon footprint. "We welcome App in the Air as a Member of the Global Sustainable Tourism Council, with their plan to utilize the GSTC framework to allow frequent fliers to identify sustainable accommodation options easily through the app. Such action not only helps travelers make more conscious purchasing decisions but also provide a market-based benefit to those sustainable accommodations that gained certification." -Roi Ariel, General Manager of the GSTC

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