tripadvisor-update-june-2020
Tripadvisor revenue inching up, but June forecast still just 20% of 2019
By Mitra Sorrells | June 23, 2020
Due to what it calls "extraordinary circumstances related to the COVID-19 pandemic," Tripadvisor has released a financial update in the midst of the second quarter. Read More
News | Online
trip-com-earnings-q1-2020
Trip.com Group revenue drops over 40% in Q1, expects steeper decline in Q2
By Mitra Sorrells | May 28, 2020
The company is bracing for continued losses but says it is seeing signs of recovery in domestic travel. Read More
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Expedia Group sees "great things ahead" and vows less reliance on Google
Expedia Group sees "great things ahead" and vows less reliance on Google
By Jill Menze | May 20, 2020
Despite the coronavirus' impact on business, Expedia Group believes it's well-positioned to bounce back and steer away from Google. Read More
News | Online
lastminute-group-q12020
Lastminute Group to raise €95M to boost financial position
By Linda Fox | May 20, 2020
The company says the equity capital will enable it to “capture business opportunities… at significantly better conditions.” Read More
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trivago-q1-2020
Trivago outlines steps to preserve cash as revenue drops 33%, income down €222M
By Mitra Sorrells | May 18, 2020
Trivago says it's cutting advertising spending and preparing for "significant headcount reductions" to deal with COVID-19 impact. Read More
News | Online
marriott-q1-2020
Marriott sees net income fall to $31M for Q1 2020, notes trend towards hotel reopenings
By Linda Fox | May 11, 2020
Marriott International boss Arne Sorenson notes encouraging signs of recovery in China and U.S. drive markets. Read More
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Sabre notes "massive challenge to the industry" as revenues slump by a third
Sabre notes "massive challenge to the industry" as revenues slump by a third
By Kevin May | May 8, 2020
The coronavirus outbreak has hit Sabre across all of its metrics, with revenue down from $1.05 billion in Q1 2019 to $659 million in the same period in 2020. Read More
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Uber posts surprise increase in bookings but losses climb to $3B
Uber posts surprise increase in bookings but losses climb to $3B
By Kevin May | May 8, 2020
Ride-hailing giant Uber boosted gross bookings to $15.8 billion in the first quarter of 2020, beating expectations that the coronavirus outbreak would eat immediately into the company's... Read More
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Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%
Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%
By Mitra Sorrells | May 7, 2020
Booking Holdings CEO Glenn Fogel says it will take "years - not quarters" for the travel industry to recover, as the company saw its gross bookings drop more than 50% in the first quarter of 2020. Read More
News | Online
"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
By Linda Fox | May 7, 2020
Bookings and revenue are down more than 90% for late March, says Tripadvisor as it reports its Q1 2020 earnings. Read More
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hilton q1 2020
Hilton turns profit in Q1 2020 despite coronavirus
By Jill Menze | May 7, 2020
Hilton turned a profit to the tune of $18 million in the first quarter of 2020 - down from $159 million for the same period in 2019 - despite the threat of the coronavirus. Read More
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Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus
Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus
By Jill Menze | May 6, 2020
Lyft is reporting revenue of $955.7 million in the first quarter of 2020, a year-over-year increase of 23% versus $776 million in the first quarter of 2019. Read More
News | Technology
Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition
Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition
By Linda Fox | May 6, 2020
Despegar says bookings are down 32% and revenue is down 43% as it puts cost-cutting measures in place. Read More
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Accor ramps up cost-saving measures as coronavirus outbreak hits
Accor ramps up cost-saving measures as coronavirus outbreak hits
By Linda Fox | April 23, 2020
The France-based hotel giant announced a 17% decrease year-over-year to €768 million in consolidated revenue for the first quarter of 2020. Read More
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airlines-travel-future
Google and airlines predicted to find new strategies in a post-coronavirus travel world
By Linda Fox | April 15, 2020
IdeaWorks sets out how travel will look different by the end of 2020, as sectors unravel how they and their partners will be forced to evolve. Read More
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