Financial Earnings

News / Online

Amex GBT's big CWT deal would add scale but faces scrutiny

By Michael B. Baker - BTN | March 26, 2024

American Express Global Business Travel's newly announced acquisition of rival CWT would be a merger of giants but might not face the regulatory scrutiny that has quashed recent major mergers in the... Read More

News / Technology

Despegar shares AI trip planner details, reports record quarter

By Linda Fox | March 15, 2024

During its Q4 and full-year 2023 results, the company said it had achieved its highest gross bookings since its IPO in 2017 and shared further details of its AI trip assistant Sofia. Read More

News / Online

Online travel giants set new record for marketing spend in ‘23

By Mitra Sorrells | March 13, 2024

Expedia Group, Booking Holdings, Airbnb and Trip.com Group collectively spent $16.8 billion on sales and marketing in 2023 as they compete with one another and with suppliers enticing travelers to book... Read More

News / Online

Vacasa lays off 5%, COO Banczak leaving as company acknowledges challenges ahead

By Mitra Sorrells | February 28, 2024

Vacasa's bookings dropped for the third straight quarter in Q4 2023, and the company ended the year with its inventory down 5%. Read More

News / Distribution

Amadeus 2023 revenue hits €5.4B, expects growth from Vision-Box acquisition

By Linda Fox | February 28, 2024

Amadeus revenue in Q4 increased 18% to almost €1.4 billion with EBITDA up 18% to €469 million and a 47% increase in profit to €210 million. Read More

News / Online

Booking Holdings will appeal $530M fine by Spanish competition authority

By Mitra Sorrells | February 22, 2024

Booking Holdings reported its fourth quarter and full year 2023 earnings late Thursday, with records across multiple financial metrics including revenue that soared 40% higher than 2019. Read More

News / Online

Trip.com Group sees significant bookings uplift across OTA platform

By Linda Fox | February 22, 2024

Trip.com Group reports revenue gains across accommodation, transportation ticketing, corporate travel and packages for Q4 2023. Read More

News / Online

Deal with Ryanair furthers TUI’s plans for global booking platform

By Derek Catron | February 15, 2024

All Ryanair flights will soon be bookable directly with TUI and can be combined with the German-based travel company’s full offerings. Read More

News / Distribution

Sabre notes 2023 improvements, cloud migration and tech cost savings on track

By Linda Fox | February 15, 2024

Adjusted EBITDA for the technology and distribution company was $96 million for the quarter and $337 for the full year, up from $65 million in 2022. The gains were attributed to increases in travel... Read More

News / Technology

HomeToGo 2023 results driven by subscriptions and services business

By Linda Fox | February 15, 2024

HomeToGo said it had achieved its main priority of adjusted EBITDA break-even for the year with the financial metric at €2 million, ahead of full-year guidance. Read More

News / Online

With speculation of a sale in the air, Tripadvisor reports record revenue driven – again – by Viator

By Mitra Sorrells | February 14, 2024

Two days after announcing it has created a special committee and retained a mergers and acquisition advisory firm, Tripadvisor reported an all-time high for revenue in 2023 led by a 49% growth in... Read More

News / Online

Airbnb adjusted EBITDA up 28% year over year as inventory grows to nearly 8M

By Morgan Hines | February 13, 2024

Airbnb said it has more than 5 million hosts and the highest inventory growth in 2023 came in Asia Pacific and Latin America. Read More

News / Online

Car-sharing marketplace Getaround announces restructure

By Morgan Hines | February 9, 2024

Getaround announced workplace reductions impacting almost 30% of the company’s North American staff. Read More

News / Online

Peter Kern stepping down, Ariane Gorin to take over as Expedia Group CEO in May

By Mitra Sorrells and Derek Catron | February 8, 2024

Kern has been Expedia Group's CEO since April 2020. The announcement came during an earnings call in which the company reported its highest ever full-year and fourth quarter revenue. Read More

News / Online

Uber reports first full-year profit on strong global growth

By Derek Catron | February 7, 2024

Surging global travel demand aided the ride-sharing giant, which saw its number of trips increase 24% to reach 2.6 billion in Q4 and more than 9.4 billion for the year. Read More

Most Popular
Latest Stories