News

lyft-q3-2020-report
News / Online
Lyft revenue up 47% from Q2, aims for profitability by end of 2021
By Mitra Sorrells | November 10, 2020
Lyft says revenue from bikes and scooters was up about 40% collectively in Q3 2020.  ... Read More
How the acceleration of digital and sustainability trends is driving innovation in travel
News / Technology
How the acceleration of digital and sustainability trends is driving innovation in travel
By Linda Fox | November 10, 2020
While the industry is in no doubt as to how bad things have been, perhaps a little light at the end of tunnel comes in the form of how companies are innovating for what things might be like going forward.... Read More
Phocuswright Conference 2020 Preview: Vaccines, government changes should inspire higher recovery goals
News / Technology
Phocuswright Conference 2020 Preview: Vaccines, government changes should inspire higher recovery goals
By Kevin May | November 10, 2020
If the chaos of 2020 is swiftly put behind us, then the devastating aspects of what has happened this year (huge job losses, brands closed, etc.) will be in vain.... Read More
Marriott notes revenue and occupancy improvement led by China
News / Distribution
Marriott notes revenue and occupancy improvement led by China
By Donna Airoldi - BTN | November 9, 2020
The hotel giant reported revenue per available room improvement in Q3 2020, with third-quarter occupancy at 35%, a drop of 40.8% from 2019. Average daily rate fell 26.4% to $117.44.... Read More
Sabre reports revenue loss of $312M, says IT business revenue exceeds distribution
News / Distribution
Sabre reports revenue loss of $312M, says IT business revenue exceeds distribution
By Linda Fox | November 6, 2020
Sabre says revenue for its IT Solutions business has exceeded its distribution business in Q3 2020 earnings.... Read More
Sounding Off: Booking early is great but not in the DNA of attractions
Interview / Online
Sounding Off: Booking early is great but not in the DNA of attractions
By PhocusWire | November 6, 2020
Attractions are at an inherent disadvantage when it comes to their attempts to foster direct relationships and upsell opportunities in advance of a trip. But 2020 might change that.... Read More
Uber reports loss of $1B, mobility bookings gradually improving
News / Distribution
Uber reports loss of $1B, mobility bookings gradually improving
By Linda Fox | November 6, 2020
The company says gross bookings are down 10% to $15 billion year-on-year with mobility gross bookings down 50%.... Read More
Amadeus credits domestic travel restart for small financial improvement
News / Distribution
Amadeus credits domestic travel restart for small financial improvement
By Kevin May | November 6, 2020
The Spain-based company posted a 60% slump in revenue for the first nine months of 2020 to €1.7 billion.... Read More
InPhocus, episode 27 - Pack your duffel bag, we're going to America
News / Distribution
InPhocus, episode 27 - Pack your duffel bag, we're going to America
By PhocusWire | November 6, 2020
We speak to Duffel CEO Steve Domin and its new hire Tyler Trerotola, who is tasked with taking the airline distribution startup to the U.S.... Read More
revisiting-hot-25-2020
News / Startups
Where are they now? Revisiting the Hot 25 Startups for 2020
By Mitra Sorrells | November 6, 2020
Find out how these startups have shifted priorities, created new partnerships and adjusted their products to meet the challenges created by COVID-19.... Read More
Booking Holdings sees uptick in Q3 bookings driven by domestic travel
News / Online
Booking Holdings sees uptick in Q3 bookings driven by domestic travel
By Jill Menze | November 5, 2020
Despite the coronavirus pandemic continuing to “weigh heavily” on Booking Holdings’ financial performance, the online travel giant saw marked improvement in the third quarter of 2020 compared to Q2 of this year.... Read More
tripadvisor-q3-2020
News / Online
Tripadvisor sees signs of recovery, reports positive EBITDA in Q3 2020
By Mitra Sorrells | November 5, 2020
Total revenue for the quarter was $151 million and adjusted EBITDA turned positive in Q3 to $15 million.... Read More
hilton-third-quarter-2020
News / Distribution
Hilton encouraged by improvements, upbeat on current trends
By Linda Fox | November 5, 2020
Hilton has seen encouraging trends in the third quarter of 2020, which it expects will continue into the final few months of the year.... Read More
travello-backpacker-deals
News / Online
Travello looks to growth with acquisition of Backpacker Deals
By Linda Fox | November 5, 2020
Travello claims Australia-based Backpacker Deals is the largest online travel agency targeting the youth market in the country, as well as in New Zealand.... Read More
VIDEO: New Reality With... Fred Lalonde of Hopper
News / Online
VIDEO: New Reality With... Fred Lalonde of Hopper
By PhocusWire | November 5, 2020
The next guest on the New Reality With... series is Fred Lalonde, CEO and co-founder of Hopper, a travel search and booking app using prediction models and alerts.... Read More