Insider Intelligence Inc. | August 17, 2021
The continued reduction in travel - particularly for business and across borders - will keep digital advertising spending in the United States significantly down for the next few years.
According to eMarketer, it will take until 2023 for U.S. digital ad spending in travel to reach $4.54 billion – putting it close to 2018 levels of $4.8 billion but still far behind 2019’s spending of more than $6 billion.
In 2020, as the pandemic shut down travel – and focused what remained of marketing on messages related to hygiene, safety and flexible policies rather than booking – digital ad spending in the U.S. plummeted to $2.99 billion, a $3 billion loss compared to 2019.
According to eMarketer, no other industry declined as fast or spent as little in 2020.
Tuniu | December 27, 2021
Tuniu Corporation (Nasdaq:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, announced that certain senior management members of Tuniu, consisting of Mr. Donald Dunde Yu, founder, chairman and chief executive officer, Mr. Wei Zhang, executive vice president, and Mr. Anqiang Chen, financial controller, as well as certain employees of Tuniu, intend to use their personal funds to purchase the Company's American depositary shares ("ADS") on the open market for an aggregate amount up to a maximum of US$2 million within the next 6 months, pursuant and subject to the restrictions of, and consistent with, the applicable laws and regulations and the Company's securities trading policy.
"Although the recovery of the overall travel industry has experienced setbacks due to Covid-19, we remain confident in the long-term prospects of both the industry and Tuniu,We will continue to focus on providing high-quality products and services in order to strengthen our key competitive advantages and be well-positioned to better capture opportunities as the market recovers."
-Mr. Donald Dunde Yu
) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.
Hopper | February 15, 2022
Sabre Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, and Hopper, one of the world's fastest growing online travel agencies, today announced the renewal and expansion of their long-term strategic technology partnership.
Since 2012, Sabre has been a strategic partner of Hopper's, helping the company deliver on its promise to save users time and money and make travel planning easier. Given their strong historical performance, today the two companies are committing to further elevate their partnership for the next three years, by making Sabre their primary global GDS and technology partner. Both parties have already defined a joint roadmap and will continue working closely to further evolve the online travel marketplace and customer experience.
"Sabre believed in our vision when Hopper was in its infancy and has continued to support us as our strategic retailing and distribution partner since our beginning, Sabre's global distribution network along with its advanced shopping APIs and ability to find the lowest fare was the foundation that we built upon – adding our own proprietary AI-based solutions. Together our innovations have made Hopper the stand-out brand it is today. We look forward to our continued partnership with Sabre as we work together to achieve Hopper's next-generation services and solutions."
-Fred Lalonde, CEO and co-founder of Hopper.
The number one downloaded travel app in the U.S. in 2021, Hopper utilizes a broad spectrum of Sabre's technology including low fare shopping APIs, post booking automation and shopping data to deliver on their commitment to find the lowest fares for customers and help them save money.
When travel was disrupted across the globe in 2020 and travelers sought to cancel or modify travel plans, Sabre's post booking automation technology allowed Hopper to service their customers seamlessly and efficiently, driving cost savings which Hopper reinvested for the benefit of their millions of app users across the globe.
"We are thrilled to be a part of Hopper's success over the years as its trusted technology partner, Even more important, we look forward to continuing to invest in the online segment and our work with Hopper to redefine the future of travel retailing through modern, intelligent solutions."
-Roshan Mendis, chief commercial officer of Sabre Travel Solutions.
As part of Hopper's technology strategy and building on their long-term partnership, Sabre and Hopper are actively exploring opportunities to continue to co-innovate on the future of travel technology through Hopper Cloud.
About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.
Hopper is the world's fastest-growing mobile-first travel marketplace. By leveraging massive amounts of data and machine learning, the company has developed several unique fintech solutions that help customers save money and travel better. Through its B2B initiative, Hopper Cloud, the company is syndicating its fintech solutions, infrastructure, and agency content. Whether it's pricing volatility or trip disruptions, Hopper's proprietary suite of fintech solutions address every pain point in the customer journey while driving conversion, repeat purchases, and profitability. To find out more about Hopper, visit www.Hopper.com.