Q2 2020 is likely the worst quarter the travel industry has seen in modern history — Expedia CEO Three travel giants announced Q2 results in the last few days: Booking Holdings, Expedia Group and Tripadvisor. Year on year declines across the board came as expected (story #1), but the companies also offered some early signs of travel demand recovery (story #2). Their results reflect the changes to consumer behavior brought by the pandemic, shifting demand towards domestic travel and alternative accommodations (story #3). Other stories in this newsletter show that we are living in a time of reinvention, imagination and innovation.
Travel Tech Essentialist #34: Upside
Travel Tech Essentialist #34: Upside
Travel Tech Essentialist #34: Upside
Q2 2020 is likely the worst quarter the travel industry has seen in modern history — Expedia CEO Three travel giants announced Q2 results in the last few days: Booking Holdings, Expedia Group and Tripadvisor. Year on year declines across the board came as expected (story #1), but the companies also offered some early signs of travel demand recovery (story #2). Their results reflect the changes to consumer behavior brought by the pandemic, shifting demand towards domestic travel and alternative accommodations (story #3). Other stories in this newsletter show that we are living in a time of reinvention, imagination and innovation.