The company’s website also includes articles featuring weekend and romantic getaways, as well as family vacations — features recently added for those travelers who want to get away, but don’t have a specific destination in mind.
Trivago’s platform is available through 54 localized websites and apps in 32 languages, and offers access to some 5.0 million hotels and other types of accommodations around the world.
As you might imagine, revenues and earnings in 2020 were crushed by the coronavirus pandemic, but the good news is that the availability of vaccines should get the economy rolling again by mid-year (hopefully!), which will radically change the path of the travel industry’s — and Trivago’s fortunes.
In fact, analysts expect the company’s earnings to grow by 98.8% in 2022 and at an annual rate of 33.44% over the next five years.
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Despite the precipitous drop in revenues last year, Trivago managed to post a positive EBITDA in the third quarter, as most of its expenses come from marketing, which, of course, has been a non-starter during the pandemic.
The company also trimmed fixed costs, eliminating its regional offices. That should put it in a good place as the pent-up demand for travel explodes following mass vaccinations.