Steven Lerner News

Expedia blames weak SEO for flat performance, reports $3.56B revenue
News / Online
Expedia blames weak SEO for flat performance, reports $3.56B revenue
By Steven Lerner | November 6, 2019
For Expedia Group in the third quarter of 2019, net income fell 22% year-over-year and adjusted EBITDA... Read More
Trivago CEO moves aside as quarterly revenue dips
News / Online
Trivago CEO moves aside as quarterly revenue dips
By Steven Lerner | November 5, 2019
The Düsseldorf, Germany-based company reported a 1% year-over-year decrease in revenue to €250.3... Read More
Uber Q3 2019 earnings
News / Technology
Uber narrows losses in Q3, pledges profitability by 2021 and "magical company" aim
By Steven Lerner | November 5, 2019
The San Francisco-based rideshare company saw its revenue increase 30% year-over-year to $3.8 billion.... Read More
MakeMyTrip reports $181M in quarterly revenue, touts growing customer base
News / Distribution
MakeMyTrip reports $181M in quarterly revenue, touts growing customer base
By Steven Lerner | November 4, 2019
The India-based online travel agency saw gross bookings grow 20.6% year-over-year to $1.5... Read More
Tech costs disrupt Sabre’s operating income, quarterly revenue grows to $984M
News / Distribution
Tech costs disrupt Sabre’s operating income, quarterly revenue grows to $984M
By Steven Lerner | October 31, 2019
Technology expenses increased by 23% in the quarter to $259 million, part of Sabre’s $1 billion plan... Read More
Lyft earnings q3 2019
News / Technology
Lyft reports uptick in revenue to $956M, keeps losing money in Q3 2019
By Steven Lerner | October 30, 2019
Despite the current losses, the company anticipates reaching profitability in terms of adjusted EBITDA... Read More
LuckyApp crowdfunding
News / Technology
Travel app LuckyTrip crowdfunds £1.5M on Crowdcube, Syndicate Room
By Steven Lerner | October 30, 2019
LuckyTrip's latest crowdfunding campaigns - including £1 million from 1,879 investors on... Read More
Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange
News / Technology
One small step for space tourism - Virgin Galactic merges with Social Capital Hedosophia, goes public
By Steven Lerner | October 29, 2019
With the merger between Virgin Galactic and Social Capital Hedosophia, anyone can now invest in a... Read More
MiStay gets new funding from ah! Ventures
News / Online
Hourly hotel booking company MiStay lands funding from Ah! Ventures
By Steven Lerner | October 29, 2019
Ah! Ventures, along with entrepreneur Sumit Nagpal, lead a new undisclosed funding round for... Read More
Duffel online distribution platform
News / Distribution
Duffel raises additional $30M to launch new distribution platform
By Steven Lerner | October 28, 2019
Index Ventures led the round, with previous investors Benchmark and Blossom participating, resulting... Read More
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Steven's most recent articles

trivago ceo interview covid recovery
News / Online
Q&A: Trivago CEO shares vision for “moment in time” when travel resumes in a post-crisis world
Trivago CEO Axel Hefer discusses his outlook for travel, how Trivago is preparing for the future and... Read More
hotelmize series b
News / Technology
Hotelmize raises Series B funding from Alibaba, establishes APAC headquarters in Hong Kong
 Hotelmize is aiming to gain a foothold in Asia Pacific and to expand operations in the region... Read More
Air Doctor funding
News / Technology
Health startup Air Doctor gets $7.8M to make medical care accessible for travelers
With health becoming a major concern in the travel industry due to the COVID-19 pandemic, a... Read More
coronavirus destroys startup funding
News / Startups
Funding for travel startups was plentiful - then came coronavirus
Entrepreneur Souzana Theodoridou explains how a funding deal for travel experience platform Grekaddict... Read More
funding Huilianyi
News / Technology
Business travel platform Huilianyi raises $42M, aims for global expansion
Shanghai-based business travel platform Huilianyi has landed RMB 300 million (about $42 million) in... Read More
Via 200M investment
News / Technology
Despite difficult times, ride-share company Via lands $200M investment
 Real-time ride-sharing company Via is now valued at a $2.25 billion thanks to a new $200 million... Read More
startups hibernation mode
News / Startups
Should travel startups go into “hibernation mode” during the coronavirus?
Venture capitalists weigh in on how travel startups could survive the economic fallout from COVID-19.... Read More
haunted financial
News / Online
Could addiction to debt come back to haunt some online travel companies?
If revenue drops due to COVID-19, past debt will make it more challenging for online travel companies... Read More
Electric air taxi company Lilium raises $240M toward developing regional service
News / Technology
Electric air taxi company Lilium raises $240M toward developing regional service
The German company is developing an emissions-free, vertical takeoff air taxi that it plans to operate... Read More
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