Coronavirus Is Hitting Travel Companies Hard — But Nobody Knows How Hard, Yet

There are no lines at the Hong Kong airport. Photo: Paul Yeung/Bloomberg via Getty Images Booking Holdings — one of the two major online travel agency companies, which owns brands Priceline, Booking.com, Agoda, and Kayak, among others — announced on Wednesday that it expects customers to book 5 to 10 percent fewer hotel-room nights through its sites this quarter than they did in the first quarter of 2019.

Usually, public companies give periodic guidance to investors about how they expect their businesses to perform over the current quarter and coming year. But in the travel sector, a lot of companies have simply been saying they don’t know how much coronavirus will hurt profits.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Corona releases 'poorly timed' ad during coronavirus outbreak - Business InsiderAs the coronavirus goes global, Corona Hard Seltzer releases new ad about the beverage 'coming ashore soon' pensando assim vemos a seriedade da empresa! Somewhere, it’s some poor soul’s job to answer the “we’re just reaching out for comment, are you trying to profit from the recent popularity of the coronavirus?” phone calls.
Source: BusinessInsider - 🏆 729. / 51 Read more »