Nigeria’s Transcorp Hotels Returns to Profit and Plans Expansion
Nigeria’s Transcorp Hotels, one of Nigeria’s biggest hotel players, reported that it had returned to profit in 2022 after a rough pandemic.
Travel Industry Earnings Coverage
Don’t miss out on Skift’s in-depth coverage of earnings reported by public travel companies, including online travel agencies, hotel brands, airlines, and technology companies. Our earnings stories cut through the numbers to explain what’s really happening at companies and within the industry as a whole.
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Lufthansa Group Reaches First Post-Pandemic Annual Profit Thanks to Swiss Air, Cargo
Switzerland is good for more than just chocolates and cheese at the Lufthansa Group.
HomeToGo Earns $155 million in 2022 Revenue, Surpasses Initial Guidance
German vacation rental marketplace HomeToGo’s revenue grew to €146 million ($155 million) in 2022, up 54 percent from the comparable period in 2021. This is well ahead of its initial…
Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round
Sonder is a prime example of a company that shouldn't have gone public, but the special purpose acquisition company trend enabled it to start trading. From lots of hype to penny stock, that's the story now.
Norwegian Cruise Faces Surging Demand and Pressing Need to Pare Costs
Norwegian Cruise is confident it can ride on the tailwinds of its 2022 marketing, pricing and service strategies into 2023 while spending less on them.
Lindblad Puts High Hopes on Demand for Experiences to Reverse Losses
Seems Lindblad Expeditions has sailed out of the pandemic disaster. The company now needs to sail to profitability. Its early booking numbers sound solid, but 2023 has a ways to go.
Mondee Doubled Revenue and Net Loss in Its Year Going Public
Mondee has been going through a lot of changes over the last year, and the numbers shared during its latest earnings call reflect that.
Spain’s Melia Looks for Partners to Grow Premium Resort Portfolio
We bet that Hyatt or one of its rivals will partner with Meliá by 2025, adding a bigger loyalty program and scale efficiencies. But the Spanish leader in resort locations worldwide should reject any offer that would dilute its strategy. Call it turn-down service.
Amadeus Rides Heavy North America Travel Back to an Annual Profit
Amadeus wants to get ahead of the changing travel industry through investments in new technologies like next-generation distribution, payments, and hotel software. Getting back into the black will help.
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IAG Reaches New $422 Million Deal for Air Europa
Will keeping the Air Europa brand and promising new routes to Asia win IAG approval for its takeover of the Spanish airline?