Home
FacebookTwitterSearchMenu
  • Subscribe (free)
  • Subscribe (free)
  • News
  • Features
  • TravelInfo
  • Columns
  • Community
  • Sponsored
  • Contact Us
    • Contact Us
    • About Us
    • Advertise
    • Send Us News

Share

  • Facebook
  • Twitter
  • LinkedIn
  • E-mail
  • Print

TripAdvisor lost R4bn in 2020

03 May 2021
Comments | 0

According to data presented by Trading Plaftorms, TripAdvisor experienced a 61% YoY decrease in revenue in 2020. The company posted US$604m (R8,8bn), the lowest reported revenue since 2010, and almost $1bn (R14,5bn) less than 2019’s revenue of $1,56bn (R22,7bn).

Despite a cost-cutting exercise in 2020, TripAdvisor also still posted a significant nett loss of $289m (R4,2bn).

The company lowered its sales and marketing costs to $316m (R4,6bn) in 2020, 53% lower than 2019’s $672m (R9,8bn) figure.

Whereas in 2019 TripAdvisor increased its workforce by 25%, it had to reduce the number of employees by 38,1% in 2020. There are now just under 2 600 employees.

In the meantime, the company has launched a new subscription offering in the US, TripAdvisor Plus. This turns TripAdvisor into an entity closely resembling an OTA, giving travellers who are willing to pay the annual membership fee of $99 (R1 440), access to personalised service, insider discounts and upgrades and other benefits.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.

Cruise pax hit by Irish visa backlog

Yesterday
Comments | 0

SAA and Uganda Airlines expand interline agreement

30 Jun 2025
Comments | 0

Feature: FlyNamibia gives experiential travel wings

30 Jun 2025
Comments | 0

Marriott to open first Sheraton in Angola

30 Jun 2025
Comments | 0

Cannes joins Nice in cruise crackdown

30 Jun 2025
Comments | 0

Thailand to re-criminalise cannabis

30 Jun 2025
Comments | 0

Latest Changes on Travelinfo (30Jun'25)

30 Jun 2025
Comments | 0

Agents need more domestic training

29 Jun 2025
Comments | 0

AASA: ACSA missed perfect maintenance opportunity

29 Jun 2025
Comments | 0

Arusha Airport ready for international flights

29 Jun 2025
Comments | 0

Carnival announces new loyalty programme

29 Jun 2025
Comments | 0

Feature: Seabourn: Your clients’ next epic adventure!

29 Jun 2025
Comments | 0

TAAG welcomes another Airbus

29 Jun 2025
Comments | 0
  • Load more

FeatureClick to view

MICE in cruising July 2025

Poll

Are clients shying away from Middle Eastern travel hubs?
  • © Now Media
  • Privacy Policy
  • Travel News on Facebook
  • eTNW Twitter
  • Travel News RSS
  • Contact Us
  • About Us
  • Advertise
  • Send Us News