Financial Earnings

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

News / Online

Booking Holdings feels "full impact" of coronavirus as gross bookings plunge 91% in Q2 2020

By Jill Menze | August 6, 2020

CEO Glenn Fogel believes it will be years and not quarters before the travel market returns to pre-COVID dollars. Read More

News / Online

Tripadvisor revenue down 86% in Q2 to $59M, still better than expected, says CEO

By Mitra Sorrells | August 6, 2020

Tripadvisor says it is seeing steady improvement in users and revenue since lows in April. Read More

News / Online

Uber continues buying spree as delivery business supports COVID-slammed mobility unit

By Linda Fox | August 6, 2020

Uber saw a 35% decline to $10 billion in gross bookings while mobility gross bookings were down 73% for the quarter. Read More

News / Online

Hilton lost $432M in Q2 2020 but says occupancy now recovering in most markets

By Mitra Sorrells | August 6, 2020

Hilton's occupancy levels were up about 20 percentage points in the United States and 15 percentage points in Asia between April and June. Read More

News / Distribution

Amadeus reports a loss of €89M, kicks off additional €250M cost-reduction plan

By Linda Fox | July 31, 2020

Announcing half-year and second-quarter 2020 results, the company says the plan is designed to “strengthen its capabilities” going forward. Read More

News / Online

Abysmal April pulls Expedia Group down to record lows in second quarter

By Mitra Sorrells | July 30, 2020

Expedia Group saw an uptick in business in May and June and now a leveling off in July. Read More

News / Online

Trivago revenues wiped out as pandemic shut down travel in second quarter

By Kevin May | July 29, 2020

Revenue coming into hotel search service Trivago was almost obliterated between April and June, with the brand bracing for a 93% collapse from the same period 12 months prior. Read More

News / Online

eDreams positioned to "thrive" post-coronavirus, continues growth in revenue diversification

By Linda Fox | July 9, 2020

eDreams Odigeo bookings are down 4% for the full-year 2020 reporting period, despite the onset of the coronavirus. Read More

News / Online

WATCH: Visualization of the early hit on digital travel revenues from coronavirus

By PhocusWire | July 8, 2020

The first signs of how much impact the crisis has hit the revenues of publicly traded companies became apparent when they released their first quarter earnings reports. Read More

News / Online

Tripadvisor revenue inching up, but June forecast still just 20% of 2019

By Mitra Sorrells | June 23, 2020

Due to what it calls "extraordinary circumstances related to the COVID-19 pandemic," Tripadvisor has released a financial update in the midst of the second quarter. Read More

News / Online

Trip.com Group revenue drops over 40% in Q1, expects steeper decline in Q2

By Mitra Sorrells | May 28, 2020

The company is bracing for continued losses but says it is seeing signs of recovery in domestic travel. Read More

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