Financial Earnings

News / Online

Booking’s Fogel sees signs of “record summer travel season”

By Derek Catron | August 3, 2023

Booking Holdings enjoyed record gross travel bookings in Q2, but CEO Glenn Fogel sees even better things coming based on July figures. Read More

News / Online

Expedia Group sees cause for optimism in record Q2 earnings

By Derek Catron | August 3, 2023

While revenues slowed and fell below analysts’ estimates, CEO Peter Kern saw promise in Expedia Group’s plans for the rest of the year. Read More

News / Distribution

Sabre notes "momentum" across the business

By Linda Fox | August 3, 2023

An improvement in profit driven by travel bookings was partially offset by increased incentive costs, hospitality transaction costs and expenses related to the head count reduction. Read More

News / Online

Viator accounted for nearly half of Tripadvisor’s revenue in Q2

By Mitra Sorrells | August 2, 2023

Viator's revenue was up 59% in Q2 this year compared with 2022 and is now nearly on par with revenue from the Tripadvisor Core segment, which includes its flagship metasearch. Read More

News / Online

Trivago second quarter revenue dips

By Linda Fox | August 2, 2023

Referral revenue decreased from €141 million to almost €123 million while return on advertising spend was 145% versus 166%. Read More

News / Online

Uber sees first-ever quarterly profits while eyeing travel tours markets

By Derek Catron | August 1, 2023

Q2 earnings of $9.2 billion boosted the drive to profitability, and CEO Dara Khosrowshahi spoke about the value of machine learning and opportunities in the U.K. travel tour operating market. Read More

News / Online

MakeMyTrip reports gains across air, hotels and buses

By Linda Fox | August 1, 2023

Rajesh Magow, group chief executive, said the company had hit "all-time high gross bookings and profits." Read More

News / Distribution

Amadeus focused on cloud and hospitality, boosts R&D spend

By Linda Fox | July 28, 2023

Amadeus made revenue gains across airline distribution, Air IT and hospitality divisions in Q2, 2023. Read More

News / Online

Trip.com Group sees pent-up demand drive bookings above 2019 levels

By Mitra Sorrells | June 8, 2023

In a call with analysts to discuss Q1 results, company executives also spoke of continued integration of AI with "proper guardrails in place." Read More

News / Online

Online travel giants Q1 marketing spending shows wide variance

By Mitra Sorrells | June 6, 2023

Expedia Group spent the highest percentage of revenue on marketing while Airbnb spent the least and focused on expanding brand awareness and balancing supply and demand. Read More

News / Online

Despegar gets boost from travel packages in Q1

By Linda Fox | May 22, 2023

Reporting first quarter results for 2023, the company said travel demand in Latin America continues to recover with Despegar reporting gross booking up 44% year over year to $1 billion. Read More

News / Online

Grab looks to further efficiency gains via generative AI

By Linda Fox | May 19, 2023

During the Singapore-based company's first quarter 2023 earnings, co-founder, chairman and chief executive Antony Tan described Grab as "early adopters of data science in the region." Read More