Financial Earnings

News / Online

Lyft revenue up 47% from Q2, aims for profitability by end of 2021

By Mitra Sorrells | November 10, 2020

Lyft says revenue from bikes and scooters was up about 40% collectively in Q3 2020. Read More

News / Distribution

Marriott notes revenue and occupancy improvement led by China

By Donna Airoldi - BTN | November 9, 2020

The hotel giant reported revenue per available room improvement in Q3 2020, with third-quarter occupancy at 35%, a drop of 40.8% from 2019. Average daily rate fell 26.4% to $117.44. Read More

News / Distribution

Uber reports loss of $1B, mobility bookings gradually improving

By Linda Fox | November 6, 2020

The company says gross bookings are down 10% to $15 billion year-on-year with mobility gross bookings down 50%. Read More

News / Distribution

Amadeus credits domestic travel restart for small financial improvement

By Kevin May | November 6, 2020

The Spain-based company posted a 60% slump in revenue for the first nine months of 2020 to €1.7 billion. Read More

News / Online

Booking Holdings sees uptick in Q3 bookings driven by domestic travel

By Jill Menze | November 5, 2020

Despite the coronavirus pandemic continuing to “weigh heavily” on Booking Holdings’ financial performance, the online travel giant saw marked improvement in the third quarter of 2020 compared to Q2 of... Read More

News / Online

Tripadvisor sees signs of recovery, reports positive EBITDA in Q3 2020

By Mitra Sorrells | November 5, 2020

Total revenue for the quarter was $151 million and adjusted EBITDA turned positive in Q3 to $15 million. Read More

News / Distribution

Hilton encouraged by improvements, upbeat on current trends

By Linda Fox | November 5, 2020

Hilton has seen encouraging trends in the third quarter of 2020, which it expects will continue into the final few months of the year. Read More

News / Online

Expedia Group Q3 “better than expected,” Vrbo up YoY

By Mitra Sorrells | November 4, 2020

Expedia Group CEO Peter Kern says the company intends to be "more bold" on pushing the Vrbo brand while it also pursues a broad cost-cutting strategy. Read More

News / Online

Trivago says soft demand ongoing, hopes for travel recovery in mid-2021

By Linda Fox | November 3, 2020

Reporting third quarter 2020 results the hotel metasearch company says increases over the summer period were driven by nearby trips to nature spots in “developed Europe.” Read More

News / Technology

CTM acquires travel tech software provider Tramada

By Mitra Sorrells | November 3, 2020

The acquisition comes just one month after CTM purchased U.S.-based Travel & Transport. Read More

News / Online

WATCH: Visualization of digital travel's most brutal financial quarter in history

By PhocusWire | October 6, 2020

The second quarter in the financial calendar was always going to be the one where travel brands would be hit the hardest. Our animated chart explains it all. Read More

News / Online

Trip.com Group eyeing full recovery in China

By Linda Fox | September 25, 2020

Announcing Q2 2020 results, Trip.com Group is seeing recovery in the domestic China market across accommodation and air bookings. Read More

News / Online

Flight Centre sees emerging bright spot in business travel as it struggles with massive losses

By Mitra Sorrells | August 27, 2020

The company says it has taken the biggest hit in its leisure business, but corporate business recorded a $74 million AUD underlying profit in fiscal year 2020. Read More

News / Online

eDreams Odigeo notes improvement in summer months, losses during earlier lockdown

By Linda Fox | August 27, 2020

The Spain-based online travel agency saw net income come in at a loss of almost €24 million compared to the €9 million the company made in the corresponding period last year. Read More

News / Online

Despegar gets $200M in investments, sees “positive trend” in bookings

By Mitra Sorrells | August 21, 2020

Despegar's bookings declined 94% year-over-year in the second quarter, but the company is expressing optimism fueled by two new investments. Read More

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