Financial Earnings

News / Online

Vacasa focuses on fixing “elevated homeowner churn,” CFO steps down

By Mitra Sorrells | May 9, 2023

In the first three months of this year, Vacasa’s gross booking value reached $521 million, up 5% year-over-year. Read More

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Expedia Group embraces AI, banks on loyalty program

By Kathryn Walson | May 4, 2023

Expedia Group continues to invest in its strategy of acquiring and retaining “high-value loyalty members and app users” across its three leading brands, CEO Peter Kern said. Read More

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Booking Holdings sees opportunity to recreate "human travel agent” with generative AI

By Mitra Sorrells | May 4, 2023

The comments regarding generative AI came as the company shared its first quarter financial results, which had both gross bookings and room nights at record levels for a quarter. Read More

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Ongoing travel recovery boosts Q1 earnings for Uber and Lyft

By Derek Catron | May 4, 2023

Both Uber and Lyft reported year-over-year revenue increases for the first quarter, as leaders at both companies spoke of the benefits of a competitive ride-sharing market. Read More

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Tripadvisor Q1 revenue up 42% compared to 2022

By Mitra Sorrells | May 3, 2023

Tripadvisor's Viator segment brought in $115 million in revenue in the first quarter, up 105% compared to the same period in 2022. Read More

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Trivago hampered as advertisers focus on profitability despite travel demand

By Linda Fox | May 3, 2023

The hotel metasearch company said progress was made in each of its goals of increasing value in the product for advertisers and users, boosting the coverage of its directly bookable rates and investing... Read More

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HomeToGo considering further acquisitions but prices remain high

By Linda Fox | March 30, 2023

Highlights of the year for HomeToGo included the acquisition of AMIVAC in January and E-Domizil in March and acquiring the remaining 81% stake in Secra in June following its initial acquisition of 19%... Read More

News / Online

Yatra says corporate travel driving its growth

By Linda Fox | March 28, 2023

The company announced revenue of $10.9 million, up 44% year over year while adjusted revenue was $18 million, up 43% year over year. Read More

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Online travel giants spent more than $14B on marketing in '22

By Mitra Sorrells | March 27, 2023

Combined marketing spending by Booking Holdings, Expedia Group, Airbnb and Trip.com Group exceeded 2019 levels in 2022. Read More

News / Online

WATCH: Visualization of revenue for digital travel brands through 2022

By PhocusWire | March 23, 2023

From a revenue standpoint, 2022 was an up year for most online travel brands, with many reporting record financial results. Read More

News / Online

Despegar sees Latin America market recovery by year end

By Linda Fox | March 16, 2023

Despegar has launched packages functionality and redesigned its mobile app, which currently accounts for about half of bookings. Read More

News / Online

Vacasa sets sights on long-term profitable growth

By Kathryn Walson | March 14, 2023

Vacasa's priorities are shifting to improving efficiency and developing processes “to deliver an unmatched experience for our homeowners and elevated hospitality for our guests,” CEO Rob Greyber says. Read More

News / Online

Amex GBT earnings point to brighter days for business travel

By Derek Catron | March 9, 2023

CEO Paul Abbott is optimistic about business travel this year. “There are several tailwinds that set us up for growth in 2023,” he says. Read More

News / Online

Trip.com Group sees outbound travel demand surge

By Mitra Sorrells | March 7, 2023

The company says demand for outbound travel is continuing to accelerate in the first months of this year, with bookings up more than 300% compared with the same period last year. Read More

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Sonder focus for 2023 is positive cash flow, corporate growth

By Linda Fox | March 2, 2023

The accommodation platform attributes recent growth in corporate sales to having a presence on the global distribution platforms as well as sales people on the ground. Read More

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