Earnings tips

Icon of the Seas, the world’s largest cruise ship, is helping Royal Caribbean compete for tourism dollars with Las Vegas, Orlando and other destinations for multigenerational family vacations, said Royal Caribbean Group CEO Jason Liberty.

Outgoing Expedia Group CEO Peter Kern said a technology platform migration completed late last year hurt Vrbo’s ability to convert lookers into bookers, but that now the company’s vacation rental unit is ready to get back on offense.

Disney plans to invest billions of dollars into expanding the capacity of its theme parks and cruise lines, executives said during a first-quarter earnings call Wednesday.

MakeMyTrip reported its highest-ever quarterly gross bookings, revenue, and profit in its third quarter for fiscal year 2024.

Some Seattle fliers are switching their trips to Delta Air Lines as hometown carrier Alaska Airlines’ schedule takes a hit from the latest Boeing 737 Max grounding.

In a significant rebound fueled by heightened summer travel demand, China’s Trip.com Group posted a net revenue of RMB 13.7 billion ($1.9 billion) in the third quarter, marking a 99% increase over 2022 and 31% increase from 2019 levels.

Sonder is sharpening the focus on its hotel business and adding more units while managing its portfolio of apartments. 

Uber is working on a lot of projects to push its business beyond its traditional focus. 

Tripadvisor laid off around 125 employees, or 4% of its workforce, in the third quarter and the company said last week that additional job trims will take place before the end of the year.

Latin American travel agency Despegar is gaining market share in Brazil now that a competitor some claimed was a Ponzi scheme filed for bankruptcy.

Tripadvisor’s Viator has long been one of the largest online travel agencies for tours and activities. But to juice its revenue, it began letting tour operators spend more for better placement in Viator search results.

Emirates airline, Dubai’s flagship carrier, posted a significant jump in net profit for the first half of financial year 2023-24 on the back of strong demand, the company said on Thursday, while Group profit surged to a record high.

Bookings at Disney’s theme parks continue to be strong despite economic headwinds, company executives said in a Wednesday earnings call.

The problem surfaced in late Summer — Booking.com’s short-term rental hosts in Europe, Asia-Pacific and Latin America cited financial hardships because the company wasn’t paying them for guest stays.

Las Vegas likes to gamble, and the opening of The Sphere arena in September was certainly a gamble for its operator. Fresh data shared on Wednesday highlighted the risks and potential rewards.

American Express Global Business Travel says its push to make it easier for small businesses to manage their travel needs has paid off. The company reported double-digit transaction growth in the small- and medium-sized business segment in the third quarter. 

Vacation rental property manager Vacasa has been plagued by the same problem for multiple quarters: homeowner churn. 

Singapore Airlines on Tuesday posted a record half-year profit reflecting strong travel demand as passenger traffic to the northern part of Asia rebounded after countries fully reopened post the Covid pandemic.

Losses continue to mount for luxury hospitality brand Inspirato. The company is burning cash at $15 million per quarter and its revenue is down.

If Viator turns profitable in 2024, would Tripadvisor consider a spinoff? Or would that be like giving up your favorite child?

Choice Hotels International said the organic growth of its development pipeline is healthy despite claims it has recently relied on growth by acquisitions instead.