Europeans Are Starting to Cut Back on Holiday Spending, Trivago Says [BNN Bloomberg (Canada)]
trivago N.V. - American Depositary Shares (TRVG)
Last trivago n.v. - american depositary shares earnings: 2/13 04:01 pm
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Source: BNN Bloomberg
Data for the November-January period indicates an increased propensity for people to favor cheaper hotels and shorter trips, with more clicks for lower-priced options than at the equivalent time in 2019, Chief Financial Officer Matthias Tillmann said in an interview. At the same time, bookings this quarter via the Dusseldorf, Germany-based company's website are currently around the level they were before the coronavirus crisis roiled global travel, Tillman said during Morgan Stanley's TMT conference in Barcelona. The trends suggest that while Europeans are becoming more cost-conscious, they're so far not abandoning vacations and travel completely. Such a shift would likely favor low-cost airlines like Ryanair Holdings Plc, which can gain in a recession as cash-scrapped customers trade down to more-affordable flights. “It could be that people are looking for cheaper options or that they're doing more research and trying to mitigate the high price environment,” Tillmann said, add
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- trivago (NASDAQ: TRVG) had its price target lowered by analysts at Mizuho from $4.00 to $3.50. They now have a "buy" rating on the stock.MarketBeat
- trivago N.V.'s First Quarter 2024 Earnings Release Scheduled for April 30, 2024; Webcast Scheduled for May 1, 2024GlobeNewswire
TRVG
Earnings
- 4/30/24 - In-Line
TRVG
Sec Filings
- 5/3/24 - Form 144
- 4/30/24 - Form 6-K
- 3/1/24 - Form 20-F
- TRVG's page on the SEC website