Trip.com Group sees out 2020 with revenues halved, domestic leading recovery
Trip.com Group sees out 2020 with revenues halved, domestic leading recovery
By Kevin May | March 4, 2021
The company says the fourth quarter of 2020, when revenues were down 40% on 2019, reflected a narrowing of the declines from a pandemic-hit year as domestic travel continued its strong recovery. Read More
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Expedia Group and Booking Holdings slashed marketing by $6B in 2020 (but Airbnb now makes an entrance)
Expedia Group and Booking Holdings slashed marketing by $6B in 2020 (but Airbnb now makes an entrance)
By Kevin May | March 2, 2021
The body check on marketing spend by the two giants of online travel in 2020 ends a run of gradually slowing increases in prior years. Read More
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amadeus-2020-results
Amadeus ends 2020 with large losses and 61% drop in revenue
By Linda Fox | February 26, 2021
The distribution giant says that while there was a slight improvement in air traffic in the final quarter of the year, the pandemic continued to severely impact travel. Read More
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In first earnings report, Airbnb posts quarterly loss of $3.9B
In first earnings report, Airbnb posts quarterly loss of $3.9B
By Jill Menze | February 25, 2021
Despite a massive loss in the fourth quarter of 2020, CEO Brian Chesky says the pandemic has proved Airbnb's business is "inherently adaptable." Read More
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eDreams Odigeo says it's ready to seize post-pandemic demand
eDreams Odigeo says it's ready to seize post-pandemic demand
By Kevin May | February 25, 2021
The online travel agency group reckons the business is "agile and nimble" enough to adapt quickly when travel markets open up over the next few months in its core European consumer base. Read More
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Booking Holdings focuses on payment platform, connected trip and U.S. growth as 2020 revenue drops 55%
Booking Holdings focuses on payment platform, connected trip and U.S. growth as 2020 revenue drops 55%
By Mitra Sorrells | February 24, 2021
Booking Holdings CEO Glenn Fogel says the company is focusing on products and strategies that can help the company grow as travel resumes. Read More
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tripadvisor-q4-2020
Tripadvisor revenue down 61% in 2020, subscription product a focus for 2021
By Mitra Sorrells | February 18, 2021
Tripadvisor says it is continuing to roll out the Tripadvisor Plus subscription service in the United States in the first half of 2021, with plans to grow to other English-speaking markets after that. Read More
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Marriott posts $164M loss following “most challenging year in 93-year history”
Marriott posts $164M loss following “most challenging year in 93-year history”
By Jill Menze | February 18, 2021
Marriott's fourth quarter 2020 results come days after the unexpected passing of CEO Arne Sorenson. Read More
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hilton-earnings-2020
Hilton posts big losses for 2020 yet forging ahead with new properties
By Linda Fox | February 17, 2021
Despite the pandemic, Hilton has a development pipeline of more than 2,500 properties. Read More
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Sabre revenues fall by 66% during COVID-hit 2020
Sabre revenues fall by 66% during COVID-hit 2020
By Kevin May | February 16, 2021
The company says its metrics were negatively impacted by the onslaught of the coronavirus pandemic but a number of cost-cutting measures put in place during the year partially offset the impact. Read More
News | Distribution
expedia-q4-2020-earnings
Expedia Group pulls Vrbo from Google’s vacation rental metasearch product
By Mitra Sorrells | February 11, 2021
Expedia Group's revenue and gross bookings were both down 67% in the fourth quarter of 2020 compared to the same period in 2019. Read More
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Uber reports uptick in revenue as delivery remains bright spot
Uber reports uptick in revenue as delivery remains bright spot
By Jill Menze | February 10, 2021
Uber boosted its revenue by 13% to $3.2 billion in the fourth quarter of 2020. Read More
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Lastminute.com Group ends 2020 with 62% collapse in revenue
Lastminute.com Group ends 2020 with 62% collapse in revenue
By Kevin May | February 10, 2021
The online travel agency business brought in €128.9 million in core revenues over the 12-month, pandemic-hit period. Read More
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lyft-q4-2020
Lyft revenue grows 14% in Q4 to $570M
By Mitra Sorrells | February 9, 2021
Lyft says it expects to be profitable no later than the fourth quarter of this year. Read More
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Trivago sees revenue slump 70% in 2020, bets on local travel to fuel recovery
Trivago sees revenue slump 70% in 2020, bets on local travel to fuel recovery
By Jill Menze | February 9, 2021
Although revenue for Trivago dropped 70% for the full year and nearly 80% for the fourth quarter of 2020, the company believes it's at a turning point in the pandemic. Read More
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