Financial Earnings

News / Online

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

News / Online

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

News / Distribution

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

News / Distribution

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

News / Online

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

News / Online

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

News / Distribution

"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020

By Linda Fox | May 7, 2020

Bookings and revenue are down more than 90% for late March, says Tripadvisor as it reports its Q1 2020 earnings. Read More

News / Distribution

Hilton turns profit in Q1 2020 despite coronavirus

By Jill Menze | May 7, 2020

Hilton turned a profit to the tune of $18 million in the first quarter of 2020 - down from $159 million for the same period in 2019 - despite the threat of the coronavirus. Read More

News / Technology

Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus

By Jill Menze | May 6, 2020

Lyft is reporting revenue of $955.7 million in the first quarter of 2020, a year-over-year increase of 23% versus $776 million in the first quarter of 2019. Read More

News / Distribution

Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition

By Linda Fox | May 6, 2020

Despegar says bookings are down 32% and revenue is down 43% as it puts cost-cutting measures in place. Read More

News / Distribution

Accor ramps up cost-saving measures as coronavirus outbreak hits

By Linda Fox | April 23, 2020

The France-based hotel giant announced a 17% decrease year-over-year to €768 million in consolidated revenue for the first quarter of 2020. Read More

News / Distribution

Google and airlines predicted to find new strategies in a post-coronavirus travel world

By Linda Fox | April 15, 2020

IdeaWorks sets out how travel will look different by the end of 2020, as sectors unravel how they and their partners will be forced to evolve. Read More

News / Distribution

Investors on travel survivors, pent-up demand and bailouts

By Linda Fox | April 2, 2020

Seeking Alpha asked some of its marketplace authors to comment on the outlook for travel stocks, the likelihood of travel returning to pre-coronavirus levels and the segments that might come... Read More

News / Online

Calm before the coronavirus storm - recap of latest online travel earnings

By Steven Lerner | March 23, 2020

We've updated PhocusWire's visual history of online travel company revenues to include the most recent quarter. Read More

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