TripAdvisor Shares Dive On CEO Summer Travel, Site Traffic Warnings – Investors.com

TripAdvisor (TRIP) shares tumbled 9%Wednesday after CEO and founder Steve Kaufer told a Canaccord investment conference that summer travel trends have been weaker than expected and that visitor traffic has been missing the company’s target for what is typically the Trip Advisorindustry’s busiest season.

“I don’t generally provide updates in the quarter, but if I have to, the update this quarter is like I’m not seeing a lot of positive stuff,” Kaufer said in a talk with analyst Michael Graham at the Canaccord Genuity 33rd Annual Growth Conference in Boston.

Kaufer also said the summer “so far has been bumpier than I had been forecasting. Our traffic is holding, but not as strong as had been expected, and pricing has been a bit down for us.”

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via TripAdvisor Shares Dive On CEO Summer Travel, Site Traffic Warnings – Investors.com.

Open Booking Is Good News for Managed Travel, Expert Says

by Fred Gebhart, August 08, 2013

Love it or hate it, open booking – a.k.a. Travel 2.0 – is here to stay. But that’s not necessarily bad news for managed travel, GBTA members learned this week.

“Travel 2.0 is going to happen,” Scott Gillespie, managing partner of the new data analytics firm tClara, asserted during an education session at GBTA Conference 2013 in San Diego.

Travel 2.0 can be distilled into four key elements:

1.    Travelers can shop anywhere.
2.    Travelers can book any supplier so long as the supplier and product are safe.
3.    Travelers can book through any channel so long as complete data are reported to the company  quickly.
4.    Travelers can book any product so long as it is within budget.

“Open booking doesn’t advocate turning the traveler loose to book anything, anywhere, any price,” Gillespie said.

via Open Booking Is Good News for Managed Travel, Expert Says.