Technology
Booking Holdings has reported a 99% net income fall for 2020, compared to the previous year.Trip.com revenue decreased by 49% in 2020.Airbnb revenue decreased by 30% in 2020.The FDA authorized Johnson & Johnson’s vaccine. As discussed during the last issue of Digital., Johnson & Johnson’s vaccine is only one dose and can be stored at normal refrigeration temperatures.According to a J.D. Power survey, one-third of American travelers are eager to travel once they are vaccinated.ITB Berlin 2020 will be completely digital, and it will take place from 9 to 12 March 2021. So far, more than 2,000 have signed up.According to President Biden, The US will have enough vaccines for every American adult by the end of May.Expedia Group and Booking Holdings invested $4.7 billion in marketing in 2020, a 60% drop compared to 2019, when they invested $11 billion.According to analyst Jason Bazinet, TripAdvisor’s new subscription model, Plus, could draw 10 million members, “creating an additional $1 billion of high-margin revenue.”Expedia Group is selling the Classic Vacations brand, a wholesaler specialized in luxury vacation, to Najafi Companies. According to Najafi Companies CEO, Jahm Najafi, “The luxury vacation business will see a rebound in the near future and Classic Vacations is well positioned to capitalize on that growth.”