flight-centre-fy20-earnings
Flight Centre sees emerging bright spot in business travel as it struggles with massive losses
By Mitra Sorrells | August 27, 2020
The company says it has taken the biggest hit in its leisure business, but corporate business recorded a $74 million AUD underlying profit in fiscal year 2020. Read More
News | Online
edreams-odigeo-q1-2021
eDreams Odigeo notes improvement in summer months, losses during earlier lockdown
By Linda Fox | August 27, 2020
The Spain-based online travel agency saw net income come in at a loss of almost €24 million compared to the €9 million the company made in the corresponding period last year. Read More
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despegar-q2-2020
Despegar gets $200M in investments, sees “positive trend” in bookings
By Mitra Sorrells | August 21, 2020
Despegar's bookings declined 94% year-over-year in the second quarter, but the company is expressing optimism fueled by two new investments.   Read More
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lyft-q2-2020
Lyft sees revenue, ridership drop 60% in Q2 as closures wipe out demand
By Mitra Sorrells | August 13, 2020
Lyft says monthly rideshare rides in July were up 78% compared to April.   Read More
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Hostelworld plots strategy beyond core product as bookings fall by two-thirds
Hostelworld plots strategy beyond core product as bookings fall by two-thirds
By Kevin May | August 13, 2020
The "sharp drop" in its trading performance led the company to pursue a debt facility and subsequent equity raise of £13.8 million in June. Read More
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marriott-q2-earnings-2020-2
Marriott believes worst is over, global occupancy at 30%
By Christina Jelski | August 11, 2020
Around 9% of Marriott's properties worldwide currently remain closed, versus a high of more than 25% shuttered hotels back in April. Read More
News | Distribution
Sabre revenue slumps to less than a tenth from the same period in 2019
Sabre revenue slumps to less than a tenth from the same period in 2019
By Kevin May | August 7, 2020
Distribution and technology giant Sabre is using the pandemic to "right-size" the business in the wake of the huge disruption to passenger and service volumes. Read More
News | Distribution
Booking Holdings feels "full impact" of coronavirus as gross bookings plunge 91% in Q2 2020
Booking Holdings feels "full impact" of coronavirus as gross bookings plunge 91% in Q2 2020
By Jill Menze | August 6, 2020
CEO Glenn Fogel believes it will be years and not quarters before the travel market returns to pre-COVID dollars. Read More
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tripadvisor-q2-2020
Tripadvisor revenue down 86% in Q2 to $59M, still better than expected, says CEO
By Mitra Sorrells | August 6, 2020
Tripadvisor says it is seeing steady improvement in users and revenue since lows in April. Read More
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Uber continues buying spree as delivery business supports COVID-slammed mobility unit
Uber continues buying spree as delivery business supports COVID-slammed mobility unit
By Linda Fox | August 6, 2020
Uber saw a 35% decline to $10 billion in gross bookings while mobility gross bookings were down 73% for the quarter. Read More
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hilton-q2-2020
Hilton lost $432M in Q2 2020 but says occupancy now recovering in most markets
By Mitra Sorrells | August 6, 2020
Hilton's occupancy levels were up about 20 percentage points in the United States and 15 percentage points in Asia between April and June.   Read More
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amadeus-q2-2020-earnings-covid
Amadeus reports a loss of €89M, kicks off additional €250M cost-reduction plan
By Linda Fox | July 31, 2020
Announcing half-year and second-quarter 2020 results, the company says the plan is designed to “strengthen its capabilities” going forward. Read More
News | Distribution
expedia-q2-2020
Abysmal April pulls Expedia Group down to record lows in second quarter
By Mitra Sorrells | July 30, 2020
Expedia Group saw an uptick in business in May and June and now a leveling off in July. Read More
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Trivago revenues wiped out as pandemic shut down travel in second quarter
Trivago revenues wiped out as pandemic shut down travel in second quarter
By Kevin May | July 29, 2020
Revenue coming into hotel search service Trivago was almost obliterated between April and June, with the brand bracing for a 93% collapse from the same period 12 months prior. Read More
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edreams-full-year-2020
eDreams positioned to "thrive" post-coronavirus, continues growth in revenue diversification
By Linda Fox | July 9, 2020
eDreams Odigeo bookings are down 4% for the full-year 2020 reporting period, despite the onset of the coronavirus. Read More
News | Online
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