Financial Earnings


 alt="Hospitality experiences platform Turneo raises $2M seed investment"  title="Hospitality experiences platform Turneo raises $2M seed investment"
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
 alt="Reiwa Travel raises $33M for travel packaging tech development and expansion"  title="Reiwa Travel raises $33M for travel packaging tech development and expansion"
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
 alt="Despegar sells destination management company, boosts AI agent"  title="Despegar sells destination management company, boosts AI agent"
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
 alt="Grab revenue up 17% YoY, focused on AI for future growth"  title="Grab revenue up 17% YoY, focused on AI for future growth"
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
 alt="Earnings roundup: TUI Group, TBO Tek, Yatra, Mondee"  title="Earnings roundup: TUI Group, TBO Tek, Yatra, Mondee"
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
 alt="Inspirato receives $10M, makes employee cuts, names new CEO"  title="Inspirato receives $10M, makes employee cuts, names new CEO"
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
 alt="HomeToGo reports Q2 booking revenues high"  title="HomeToGo reports Q2 booking revenues high"
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
 alt="Vacasa secures $30M in funding, business transformation ongoing"  title="Vacasa secures $30M in funding, business transformation ongoing"
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
 alt="Expedia sees rise in Q2 earnings – but warns of “softening travel demand”"  title="Expedia sees rise in Q2 earnings – but warns of “softening travel demand”"
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
 alt="Airbnb focused on “strategic priorities” amid solid second quarter"  title="Airbnb focused on “strategic priorities” amid solid second quarter"
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
 alt="Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings"  title="Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings"
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
 alt="Booking Holdings touts alternative accommodation growth, success on social media"  title="Booking Holdings touts alternative accommodation growth, success on social media"
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
 alt="Sabre raises 2024 outlook as Q2 results exceed expectations"  title="Sabre raises 2024 outlook as Q2 results exceed expectations"
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
 alt="Amadeus reports revenue and profit gains for Q2 2024"  title="Amadeus reports revenue and profit gains for Q2 2024"
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
 alt="Trivago deepens partnership with Holisto while reporting Q2 losses"  title="Trivago deepens partnership with Holisto while reporting Q2 losses"
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