Hotel bookings plummet more than 85% as the travel industry faces an existential crisis

For the first three months of 2020, gross travel bookings were down by 51% year-over-year, and booked room nights decreased 43% from a year ago. That pushed Booking’s total Q1 revenue down 19% from the prior year, to $2.3 billion, with a net loss of $699 million compared with net income in the first quarter of 2019 of $765 million.

Link: Hotel bookings plummet more than 85% as the travel industry faces an existential crisis
via www.fastcompany.com

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