Financial Earnings

News / Online

Hospitality experiences platform Turneo raises $2M seed investment

By Mileva Sapic | September 18, 2024

Travel tech startup, Turneo, plans to further expand its global footprint and enable more hotels to offer in-destination activities to guests with the investment led by Bessemer Venture Partners. Read More

News / Online

Reiwa Travel raises $33M for travel packaging tech development and expansion

By Yeoh Siew Hoon - Web in Travel | September 9, 2024

Reiwa founder Takaya Shinozuka said earlier this year that he planned to take Newt, his travel packaging startup, global and that he was in the midst of raising funding to power the expansion. Read More

News / Online

Despegar sells destination management company, boosts AI agent

By Linda Fox | August 16, 2024

Despegar has made a number of updates to its AI agent Sofia and has further plans to integrate the technology into its B2B platforms. Read More

News / Online

Grab revenue up 17% YoY, focused on AI for future growth

By Mitra Sorrells | August 15, 2024

In the company's Q2 earnings report, CEO Anthony Tan shared examples of how it is using AI and specifically generative AI to drive growth. Read More

News / Online

Earnings roundup: TUI Group, TBO Tek, Yatra, Mondee

By Mitra Sorrells | August 15, 2024

As publicly traded travel companies continue to report their earnings quarter that ended June 30, we round up the latest reports. Read More

News / Online

Inspirato receives $10M, makes employee cuts, names new CEO

By Morgan Hines | August 13, 2024

The luxury travel subscription company received $10 million in equity financing, cut its workforce by 15% and named Payam Zamani as its new chairman and CEO. Read More

News / Technology

HomeToGo reports Q2 booking revenues high

By Linda Fox | August 13, 2024

The vacation rental marketplace and software subscription business believes its short breaks offering and recurring revenues are helping growth. Read More

News / Distribution

Vacasa secures $30M in funding, business transformation ongoing

By Linda Fox | August 9, 2024

Vacation rental management company Vacasa announced a business transformation in May and has now secured financing of $30 million. Read More

News / Online

Expedia sees rise in Q2 earnings – but warns of “softening travel demand”

By D.J. Catron | August 8, 2024

New CEO Ariane Gorin oversaw 6% increases year over year in gross bookings and revenue in Q2, but a slow July has the company expecting those numbers to fall between 3-5% for Q3. Read More

News / Online

Airbnb focused on “strategic priorities” amid solid second quarter

By Morgan Hines | August 6, 2024

Airbnb is looking ahead to expanding beyond its “core,” including the eventual relaunch of Airbnb Experiences, among other new features to roll out later this year and beyond. Read More

News / Online

Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings

By D.J. Catron | August 6, 2024

A partnership with Hopper’s HTS will power in-app booking for Tripadvisor, which also announced that revenues for the second quarter rose by 1% year over year. Read More

News / Online

Booking Holdings touts alternative accommodation growth, success on social media

By Mitra Sorrells | August 1, 2024

Booking Holdings said its alternative accommodation business is growing faster than its overall business and now has 7.8 million listings globally, up about 11% year over year. Read More

News / Online

Sabre raises 2024 outlook as Q2 results exceed expectations

By Mitra Sorrells | August 1, 2024

Sabre's Q2 revenue was $767 million, with about 90% of that attributed to its Travel Solutions business that includes distribution and IT services for suppliers and buyers. Read More

News / Distribution

Amadeus reports revenue and profit gains for Q2 2024

By Linda Fox | July 31, 2024

Amadeus reported double digit increases in group revenue, air IT and hospitality in the second quarter of 2024. Read More

News / Online

Trivago deepens partnership with Holisto while reporting Q2 losses

By Morgan Hines | July 30, 2024

As Trivago announced its new investment, the company reported total revenue for Q2 amounted to €118.6 million, down 5% from €124.4 million during the same period last year. Read More

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