Financial Earnings

News / Online

MakeMyTrip first quarter driven by robust travel demand

By Linda Fox | July 23, 2024

MakeMyTrip group CEO Rajesh Magow said "multiple macroeconomic drivers," including government investment in travel infrastructure and rising disposable income, had contributed to gains in all segments... Read More

News / Online

Loyalty platform Heymax.ai raises $2.6 million in seed funding

By Mileva Sapic | July 2, 2024

Loyalty platform Heymax.ai plans to help customers earn one free vacation every year by allowing them to earn Max Miles from their everyday purchases. Read More

News / Online

Online travel giants “step on the gas” for marketing spend in Q1

By D.J. Catron | May 30, 2024

Expedia Group, Booking Holdings, Airbnb and Trip.com Group spent a combined $4.08 billion on sales and marketing in the first quarter, building on 2023’s record year. Read More

News / Online

Seasonality helps Trip.com Group drive Q1 revenue

By Linda Fox | May 21, 2024

Revenue from accommodation reservations increased 29% to $623 million while transportation ticketing revenue was up 20% to $692 million. Read More

News / Technology

Despegar reports Q1 gains, AI enhancements

By Linda Fox | May 17, 2024

The company said its Sofia AI assistant now includes hotel recommendations and enables users to search by city and dates as well as budget and key amenities. Read More

News / Online

HomeToGo booking revenue hits "all-time high" in Q1

By Linda Fox | May 14, 2024

The company said growth in Q1 was partly related to the consolidation of HomeToGo’s recent acquisitions of short-break specialists KMW Reisen and Super Urlaub. Read More

News / Online

Earnings roundup: Amex GBT, Uber and Lyft

By Mitra Sorrells | May 9, 2024

As publicly traded travel companies continue to report their earnings for the first quarter of this year, we round up the latest reports. Read More

News / Distribution

Vacasa announces layoffs to 13% of workforce

By D.J. Catron | May 9, 2024

The vacation rental management company laid off 13% of its workforce as it seeks to reorganize operations following a Q1 that saw gross booking value drop 18% year over year. Read More

News / Online

Airbnb's Chesky says homes will be just one of “many categories” in its future “solar system”

By Mitra Sorrells | May 8, 2024

Along with details about longer term growth plans, Airbnb CEO Brian Chesky shared details of the company's Q1 growth, including a 60% increase year over year in app downloads in the United States. Read More

News / Online

Tripadvisor is not for sale - at least not for now

By Morgan Hines | May 8, 2024

Tripadvisor announced it is not selling amid first quarter earnings results that included revenue of $395 million, reflecting year-over-year growth of 6%. Read More

News / Distribution

Amadeus reports "solid start" to 2024

By Linda Fox | May 8, 2024

Group revenue for the Madrid-based business rose to €1.5 billion, a 14% increase versus the same quarter in 2023. Read More

News / Online

Incoming Expedia Group CEO Ariane Gorin emphasizes AI, personalization

By Morgan Hines | May 2, 2024

Ariane Gorin shared her plans as the incoming CEO of Expedia Group while the company reported earnings, tempering booking expectations for 2024. Read More

News / Online

Booking Holdings beats earnings expectations, talks up AI potential

By D.J. Catron | May 2, 2024

First quarter revenues of $4.4 billion represented a 17% increase over the same period last year, and net income of $776 million was nearly three times higher than Q1 in 2023. Read More

News / Distribution

Sabre says growth strategy beginning to pay off

By Linda Fox | May 2, 2024

Sabre president and CEO Kurt Ekert said margin expansion for the distribution company was driven by revenue growth, efficiency improvements and progress on its technology transformation. Read More

News / Online

Trivago claims early success of brand marketing switch

By Linda Fox | May 1, 2024

Trivago reported a net loss for the quarter of €8.4 million compared with net profit of €9.9 million for Q1 2023. Read More

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