Financial Earnings

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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

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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

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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

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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

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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

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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

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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

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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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Expedia Group sees "great things ahead" and vows less reliance on Google

By Jill Menze | May 20, 2020

Despite the coronavirus' impact on business, Expedia Group believes it's well-positioned to bounce back and steer away from Google. Read More

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Lastminute Group to raise €95M to boost financial position

By Linda Fox | May 20, 2020

The company says the equity capital will enable it to “capture business opportunities… at significantly better conditions.” Read More

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Trivago outlines steps to preserve cash as revenue drops 33%, income down €222M

By Mitra Sorrells | May 18, 2020

Trivago says it's cutting advertising spending and preparing for "significant headcount reductions" to deal with COVID-19 impact. Read More

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Marriott sees net income fall to $31M for Q1 2020, notes trend towards hotel reopenings

By Linda Fox | May 11, 2020

Marriott International boss Arne Sorenson notes encouraging signs of recovery in China and U.S. drive markets. Read More

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Sabre notes "massive challenge to the industry" as revenues slump by a third

By Kevin May | May 8, 2020

The coronavirus outbreak has hit Sabre across all of its metrics, with revenue down from $1.05 billion in Q1 2019 to $659 million in the same period in 2020. Read More

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Uber posts surprise increase in bookings but losses climb to $3B

By Kevin May | May 8, 2020

Ride-hailing giant Uber boosted gross bookings to $15.8 billion in the first quarter of 2020, beating expectations that the coronavirus outbreak would eat immediately into the company's... Read More

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Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%

By Mitra Sorrells | May 7, 2020

Booking Holdings CEO Glenn Fogel says it will take "years - not quarters" for the travel industry to recover, as the company saw its gross bookings drop more than 50% in the first quarter of 2020. Read More

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