In early September, Phocuswright published its India Total Market Report, which provides a comprehensive view of India’s travel market, including detailed market sizing and projections, distribution trends, analysis of major travel segments and key developments. Below, PhocusWire speaks with [...]

TRAVEL startups, like the rest of the industry, took a heavy hit in 2020, with annual funding dropping 45% to just $4.5 billion in the first year of the pandemic. In 2021, annual funding to travel startups bounced back impressively – notching $12.5 billion, exceeding the previous high of $8.3 b [...]

THE COVID-19 resurgence in China impacted Trip.com Group’s operations for the first quarter of 2022, with net revenue remaining flat compared to the same period in 2021 and decreasing 12% quarter-over-quarter. Meanwhile, air ticket bookings on global platforms – Trip.com Group brands include [...]

EXPEDIA Group saw total gross bookings and total revenue both increase significantly in the first quarter of 2022, according to the online travel giant’s latest earnings report.  Gross bookings for the three months ending March 31, 2022, were $24.4 billion, up 58% compared to $15.4 billion in [...]