Published: March 5, 2021, 1 p.m.
- Booking Holdings has reported a 99% net income fall for 2020, compared to the previous year.
- Trip.com revenue decreased by 49% in 2020.
- Airbnb revenue decreased by 30% in 2020.
- The FDA authorized Johnson & Johnson’s vaccine. As discussed during the last issue of Digital., Johnson & Johnson’s vaccine is only one dose and can be stored at normal refrigeration temperatures.
- According to a J.D. Power survey, one-third of American travelers are eager to travel once they are vaccinated.
- ITB Berlin 2020 will be completely digital, and it will take place from 9 to 12 March 2021. So far, more than 2,000 have signed up.
- According to President Biden, The US will have enough vaccines for every American adult by the end of May.
- Expedia Group and Booking Holdings invested $4.7 billion in marketing in 2020, a 60% drop compared to 2019, when they invested $11 billion.
- According to analyst Jason Bazinet, TripAdvisor’s new subscription model, Plus, could draw 10 million members, “creating an additional $1 billion of high-margin revenue.”
- Expedia Group is selling the Classic Vacations brand, a wholesaler specialized in luxury vacation, to Najafi Companies. According to Najafi Companies CEO, Jahm Najafi, “The luxury vacation business will see a rebound in the near future and Classic Vacations is well positioned to capitalize on that growth.”