4 Takeaways From Airbnb’s Second Quarter Report
Airbnb's revenue stream wasn't as internationally diverse in the second quarter as it was pre-pandemic, but it is slowly creeping back to that level as international markets open.
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.
Inspirato’s Luxury Travel Subscription Revenue Doubled in Q2
Inspirato, a Denver-based travel startup, said that it generated $36 million in subscription travel revenue in the second quarter — up by half year-over-year. The company's full quarterly revenue was $84 million.
New Tripadvisor CEO Emphasizes Using Data Better in First Earnings Call
Tripadvisor lags rivals Airbnb, Booking and Expedia in its pandemic recovery, but expects to surpass 2019 revenue in the next few months.
Expedia’s Increased Focus on Its Partner Business Is Starting to Pay Off
Expedia Group's strategy to reshape the company is starting to come together, as shown in its partner business. But the grand master plan is a multiyear endeavor.
Where Choice Hotels’ Radisson Acquisition Could Supercharge Growth
Choice Hotels on Thursday offered the first in-depth details of plans for its $675 million acquisition of Radisson Hotel Group Americas. The endgame? Boost those franchise royalties.
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Booking Holdings Boosts Discounting to Capture Bigger Share of Travel Budgets
Booking is placing a new emphasis on discounting versus its traditional reliance mostly on marketing. Expect more fintech and loyalty offerings.
Airbnb Touts Its Resilience to Any Kind of ‘Economic Shock’
Companies like Airbnb might be diversified enough to hedge against certain challenges. Still, no company is immune from economic downturns and calamities.
For Airline Weekly Subscribers
JetBlue Faces Problem With Rising Costs: How the Spirit Merger Won’t Help
JetBlue's cost problems shone brightly in the second quarter when, despite record revenues, the airline lost money. The airline's planned merger with Spirit is only likely to exacerbate the situation.
Sabre Blames Airline Delays for Losses
After a strong first quarter, the technology company has been snagged by the operational issues that plagued airlines and airports in June. It was all going so well, too.
Marriott So Far Feeling Immune to a Downturn
Reading between the lines, Marriott International executives suggested that their company has so many strong fundamentals that it could shrug off choppy economic waters for the rest of the year.