Financial Earnings


 alt="MakeMyTrip first quarter driven by robust travel demand"  title="MakeMyTrip first quarter driven by robust travel demand"
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
 alt="Loyalty platform Heymax.ai raises $2.6 million in seed funding"  title="Loyalty platform Heymax.ai raises $2.6 million in seed funding"
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
 alt="Online travel giants “step on the gas” for marketing spend in Q1"  title="Online travel giants “step on the gas” for marketing spend in Q1"
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
 alt="Seasonality helps Trip.com Group drive Q1 revenue"  title="Seasonality helps Trip.com Group drive Q1 revenue"
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
 alt="Despegar reports Q1 gains, AI enhancements"  title="Despegar reports Q1 gains, AI enhancements"
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
 alt="HomeToGo booking revenue hits "all-time high" in Q1"  title="HomeToGo booking revenue hits "all-time high" in Q1"
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
 alt="Earnings roundup: Amex GBT, Uber and Lyft"  title="Earnings roundup: Amex GBT, Uber and Lyft"
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
 alt="Vacasa announces layoffs to 13% of workforce"  title="Vacasa announces layoffs to 13% of workforce"
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
 alt="Airbnb's Chesky says homes will be just one of “many categories” in its future “solar system”"  title="Airbnb's Chesky says homes will be just one of “many categories” in its future “solar system”"
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
 alt="Tripadvisor is not for sale - at least not for now"  title="Tripadvisor is not for sale - at least not for now"
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
 alt="Amadeus reports "solid start" to 2024"  title="Amadeus reports "solid start" to 2024"
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
 alt="Incoming Expedia Group CEO Ariane Gorin emphasizes AI, personalization"  title="Incoming Expedia Group CEO Ariane Gorin emphasizes AI, personalization"
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
 alt="Booking Holdings beats earnings expectations, talks up AI potential"  title="Booking Holdings beats earnings expectations, talks up AI potential"
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
 alt="Sabre says growth strategy beginning to pay off"  title="Sabre says growth strategy beginning to pay off"
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
 alt="Trivago claims early success of brand marketing switch"  title="Trivago claims early success of brand marketing switch"
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