Dennis Schaal Blog: Twitter Travel Search: the Start of Something Big: Twitter relaunched its home page to emphasize "search," and the impact will reverberate for travel, financial services, lawn mowers -- you name it. Read more
It’s a busy news day with the Twitter news above and this Bing-Yahoo development, too. A search partnership, which instantly makes Microsoft Bing a player, may be welcomed by travel advertisers as a hedge against the Google behemoth.
TechCrunch: Microsoft-Yahoo Search Deal Imminent: Analysts Weigh In: As we first reported yesterday, Microsoft and Yahoo are on the verge of announcing a complicated search and search marketing alliance that will combine the no. 2 and no. 3 players in search into something that may have a chance of competing with Google (although combined they will still have less than half of Google’s 65% or so search market share). The deal will be announced shortly after signing, and could come as early as today (Wednesday). Read more
Jay Witzel is out as president and CEO of Carlson Hotels Worldwide.
Finance and Commerce: Joly takes over Carlson hotels: Minnetonka-based Carlson, parent company of Carlson Hotels Worldwide, announced a reshuffling Tuesday that will give Hubert Joly, president and CEO of the lodging, restaurant, travel and marketing giant, leadership of Carlson’s hotel business. Read more
Barry Diller, the man who controls Expedia Inc. and IAC, is up to something again in the media business, pledging to "bridge the gap between traditional television and the Internet." Expedia meets Home Shopping Network meets YouTube?
Business Week: Diller, Silverman: Expect the Unexpected: You can go blind trying to keep track of Barry Diller's many twists and turns. The 67-year-old former TV programming wunderkind started as the ABC (DIS) program executive who brought America the Movie of the Week; became a Hollywood mogul when he green-lit Steven Spielberg and his Indiana Jones franchise for Paramount Pictures (VIAB); bolted to the studios, where he correctly divined that the Big Three TV world order was falling apart and launched Fox Broadcasting (NWS), which began fracturing TV's viewing audience. Along the way, Diller had a hand in perfecting the notion of online shopping when he ran QVC and then put online travel and concert booking into a higher gear after buying Expedia (EXPE) and Ticketmaster (TKTM). Read more
A lodging industry analyst compares current RevPar woes to the aftermath of 9/11 and the pundit is pretty glum about the pace of a recovery.
Yahoo Finance/The Wall Street Transcript: Lodging Industry RevPAR Declines Worst Ever: All Segments Down Significantly and No Upturn Until 2011: n the following brief excerpt from just one of the 10 detailed interviews in the 44 page report, Lodging industry expert Smedes Rose discusses the outlook for the Lodging Industry and for the REITs specializing in that sector and picks high return stocks with sustainable dividends for investors in this industry. Read more
Is Orbitz a phoenix rising or a company rolling a rock uphill in its attempt to build a strong hotel business?
Dennis Schaal Blog: Is Orbitz Poised for a Priceline-like Comeback?: I reported yesterday how Barney Harford, the Orbitz CEO six months or so into his tenure, is stirring things up at 500 W. Madison St., Chicago, in trying to come to grips with building the Orbitz hotel business. Read more
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