Financial Earnings

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

News / Online

Lyft sees revenue, ridership drop 60% in Q2 as closures wipe out demand

By Mitra Sorrells | August 13, 2020

Lyft says monthly rideshare rides in July were up 78% compared to April. Read More

News / Online

Hostelworld plots strategy beyond core product as bookings fall by two-thirds

By Kevin May | August 13, 2020

The "sharp drop" in its trading performance led the company to pursue a debt facility and subsequent equity raise of £13.8 million in June. Read More

News / Distribution

Marriott believes worst is over, global occupancy at 30%

By Christina Jelski | August 11, 2020

Around 9% of Marriott's properties worldwide currently remain closed, versus a high of more than 25% shuttered hotels back in April. Read More

News / Distribution

Sabre revenue slumps to less than a tenth from the same period in 2019

By Kevin May | August 7, 2020

Distribution and technology giant Sabre is using the pandemic to "right-size" the business in the wake of the huge disruption to passenger and service volumes. Read More