Many consider the Summer of 2021 shall be a robust increase to recovery. However, enterprise travel—the staple of the worldwide travel industry—is more probably to get well far more slowly. To survive the next few years, airlines and hoteliers should adapt rapidly to capture Travel & Leasuire the opportunities in this new trade landscape. The complete travel trade is grappling with the ongoing impression of the COVID-19 pandemic. Travel priorities have changed radically for both leisure and enterprise customers—with dramatic penalties for airlines and hospitality businesses.
Revenue of Booking Holdings – which, among others, owns websites corresponding to Booking.com, Priceline.com, Agoda.com, and Kayak.com – peaked at over 15 billion U.S. dollars in 2019. In that 12 months, revenue of the Expedia Group reached over 12 billion U.S. dollars. Alongside from the Expedia web site, the corporate owns Hotels.com, Vrbo, Trivago, and different travel fare aggregators and metasearch engines.
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