quarterly results

Cruise

Norwegian confident of withstanding “scenario of prolonged voyage suspensions” despite $997m loss

by Huntley Mitchell

CEO Frank Del Rio remains upbeat about the future of the cruise company, which swung to a big loss in the second quarter of 2020.

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Hotels

Hilton takes $603 million hit in Q2

by Huntley Mitchell

On the plus side, Hilton’s president and CEO reckons the company is seeing an uptick in occupancy.

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Technology

Expedia slumps to $1.2 billion loss in Q2

by Huntley Mitchell

Thought Expedia was fairly immune to the severe impact COVID-19 is having on the travel industry? Think again upon reading these dour financials.

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Technology

Jayride’s revenue plummets 97 per cent in June quarter

It appears COVID-19 has forced travellers to reduce their Jayriding in recent months. However, that’s not to suggest they’re now doing more jaywalking.

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Hotels

IHG anticipates 80 per cent fall in RevPAR for April

by Huntley Mitchell

The dour quarterly results of hotel giants continues apace. This time, it’s IHG revealing the hit it has taken (and will continue to take) from the coronavirus pandemic.

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Hotels

Hyatt posts $160m first-quarter loss

by Huntley Mitchell

On a more positive note, Hyatt’s CEO is confident the company will be able to continue operating for “at least 30 months” under current conditions.

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Travel Agents

Helloworld’s financial health laid bare

by Huntley Mitchell

The company has revealed some unsurprisingly dour quarterly results and an equally dismal outlook, as it continues to wade through the COVID-19 pandemic.

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