Financial Earnings

News / Online

Trip.com Group sees pent-up demand drive bookings above 2019 levels

By Mitra Sorrells | June 8, 2023

In a call with analysts to discuss Q1 results, company executives also spoke of continued integration of AI with "proper guardrails in place." Read More

News / Online

Online travel giants Q1 marketing spending shows wide variance

By Mitra Sorrells | June 6, 2023

Expedia Group spent the highest percentage of revenue on marketing while Airbnb spent the least and focused on expanding brand awareness and balancing supply and demand. Read More

News / Online

Despegar gets boost from travel packages in Q1

By Linda Fox | May 22, 2023

Reporting first quarter results for 2023, the company said travel demand in Latin America continues to recover with Despegar reporting gross booking up 44% year over year to $1 billion. Read More

News / Online

Grab looks to further efficiency gains via generative AI

By Linda Fox | May 19, 2023

During the Singapore-based company's first quarter 2023 earnings, co-founder, chairman and chief executive Antony Tan described Grab as "early adopters of data science in the region." Read More

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Earnings roundup: HomeToGo, MakeMyTrip

By Linda Fox | May 17, 2023

HomeToGo and MakeMyTrip report their Q1 2023 and full-year 2023 earnings, respectively. Read More

News / Online

Sonder CEO expresses optimism as free cash flow improves in Q1

By Mitra Sorrells | May 10, 2023

Sonder's revenue in the first quarter of this year came in at $121 million, up 50% compared to Q1 2022. Read More

News / Online

Airbnb's Chesky on GPT-4 being right for travel

By Linda Fox | May 10, 2023

Airbnb CEO Brian Chesky said he felt the plugin interface was not right for travel but he has high hopes for GPT-4. Read More

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Vacasa focuses on fixing “elevated homeowner churn,” CFO steps down

By Mitra Sorrells | May 9, 2023

In the first three months of this year, Vacasa’s gross booking value reached $521 million, up 5% year-over-year. Read More

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Expedia Group embraces AI, banks on loyalty program

By Kathryn Walson | May 4, 2023

Expedia Group continues to invest in its strategy of acquiring and retaining “high-value loyalty members and app users” across its three leading brands, CEO Peter Kern said. Read More

News / Online

Booking Holdings sees opportunity to recreate "human travel agent” with generative AI

By Mitra Sorrells | May 4, 2023

The comments regarding generative AI came as the company shared its first quarter financial results, which had both gross bookings and room nights at record levels for a quarter. Read More

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Ongoing travel recovery boosts Q1 earnings for Uber and Lyft

By Derek Catron | May 4, 2023

Both Uber and Lyft reported year-over-year revenue increases for the first quarter, as leaders at both companies spoke of the benefits of a competitive ride-sharing market. Read More

News / Online

Tripadvisor Q1 revenue up 42% compared to 2022

By Mitra Sorrells | May 3, 2023

Tripadvisor's Viator segment brought in $115 million in revenue in the first quarter, up 105% compared to the same period in 2022. Read More

News / Online

Trivago hampered as advertisers focus on profitability despite travel demand

By Linda Fox | May 3, 2023

The hotel metasearch company said progress was made in each of its goals of increasing value in the product for advertisers and users, boosting the coverage of its directly bookable rates and investing... Read More

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News / Online

HomeToGo considering further acquisitions but prices remain high

By Linda Fox | March 30, 2023

Highlights of the year for HomeToGo included the acquisition of AMIVAC in January and E-Domizil in March and acquiring the remaining 81% stake in Secra in June following its initial acquisition of 19%... Read More