eDreams Odigeo sees signs of improvement during European summer
eDreams Odigeo sees signs of improvement during European summer
By Kevin May | November 19, 2020
The Spain-based online travel agency group brought in €34.4 million in the quarter ending September 30 (its fiscal year's second quarter) - a 75% slump on the same period in 2020 Read More
News | Online
Despegar gets gentle uptick in fortunes from Brazil and Mexico domestic travel
Despegar gets gentle uptick in fortunes from Brazil and Mexico domestic travel
By Kevin May | November 12, 2020
Despegar is operating on revenues down 91% year-over-year despite seeing high demand for travel in two of its major markets during the third quarter of 2020. Read More
News | Online
Lastminute.com Group enjoys summer rebound but 2020 revenues still down 55%
Lastminute.com Group enjoys summer rebound but 2020 revenues still down 55%
By Kevin May | November 11, 2020
The online travel business says all its main performance metrics increased significantly over the May to August period, compared to the mass lockdown-hit months of March and April. Read More
News | Online
lyft-q3-2020-report
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
News | Online
Marriott notes revenue and occupancy improvement led by China
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
News | Distribution
uber-q3-financials
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
News | Distribution
Amadeus credits domestic travel restart for small financial improvement
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
News | Distribution
Booking Holdings sees uptick in Q3 bookings driven by domestic travel
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... Read More
News | Online
tripadvisor-q3-2020
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
News | Online
hilton-third-quarter-2020
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
News | Distribution
expedia-group-q3-2020
Expedia Group Q3 “better than expected,” Vrbo up YoY
By Mitra Sorrells | November 4, 2020
Expedia Group CEO Peter Kern says the company intends to be "more bold" on pushing the Vrbo brand while it also pursues a broad cost-cutting strategy. Read More
News | Online
trivago-third-quarter
Trivago says soft demand ongoing, hopes for travel recovery in mid-2021
By Linda Fox | November 3, 2020
Reporting third quarter 2020 results the hotel metasearch company says increases over the summer period were driven by nearby trips to nature spots in “developed Europe.” Read More
News | Online
ctm-acquires-tramada
CTM acquires travel tech software provider Tramada
By Mitra Sorrells | November 3, 2020
The acquisition comes just one month after CTM purchased U.S.-based Travel & Transport. Read More
News | Technology
WATCH: Visualization of digital travel's most brutal financial quarter in history
WATCH: Visualization of digital travel's most brutal financial quarter in history
By PhocusWire | October 6, 2020
The second quarter in the financial calendar was always going to be the one where travel brands would be hit the hardest. Our animated chart explains it all. Read More
News | Online
trip-group-q2-2020
Trip.com Group eyeing full recovery in China
By Linda Fox | September 25, 2020
Announcing Q2 2020 results, Trip.com Group is seeing recovery in the domestic China market across accommodation and air bookings. Read More
News | Online
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