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Today's Brief
Booking Holdings beats estimates, boosts forecast - Room nights booked for the quarter ended June rose 9% from last year, while gross travel bookings jumped 15%.
Aug 4, 2023 • Hospitality
Expedia signals travel slump as US domestic trips slow - The company's Q2 revenue missed analysts’ estimates, signaling a potential slowdown in travel demand during the busy summer season.
Aug 4, 2023 • Hospitality
Tripadvisor reports underwhelming Q2 results - Profit margins were negatively impacted by a decline of 7% in hotel revenue, the most profitable segment for the company.
Aug 4, 2023 • Hospitality
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Airbnb forecasts upbeat revenue - The company continues to see signs of travelers returning to cities, historically one of the strongest areas of its business.
Aug 4, 2023 • Hospitality
American Express Travel is piloting a vacation rental program - Select Homes + Retreats is designed to complement the company's Fine Hotels + Resorts and Hotel Collection programs.
Aug 4, 2023 • Hospitality
Americans are back in Spain - Catalonia and Madrid continue to be the preferred destinations for visitors from Spain’s sixth-most important market.
Aug 4, 2023 • Travel
Airbnb accelerates supply growth, expands services - The company is considering a variety of new revenue opportunities such as advertising on the platform and hotel-like services for guests.
Aug 4, 2023 • Hospitality
Trivago's profits drop after it opts out of new Google ad product - The company’s decision to opt out of Google’s new property promotion ads was apparently a costly mistake.
Aug 4, 2023 • Hospitality
... in case you missed it, our Daily Brief August 2, 2023
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