Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Trivago N.V.    TRVG


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news


share with twitter share with LinkedIn share with facebook
09/14/2020 | 10:01am EDT

Mexico and the Jersey Shore Replace Popular US Destinations Chicago, New Orleans, and Boston

DÜSSELDORF, GERMANY – September 14, 2020 – As the summer of 2020 comes to a close, it is clear that modern travel has been deeply impacted and not for the short term. From where and how we go to how long we stay and in what type of accommodation, the industry is changing and being led by consumer demand and behaviors driven by the pandemic. 

trivago examined its search data globally and found three ways that travel is evolving: timing, distance/type of destination and accommodation.

“As the pandemic continues to affect every facet of our daily lives, the trends we are seeing, like domestic travel, are not a result of short-term reactions, but a shift in consumer behavior that we expect to take hold and influence the future of travel for the long-term,” said Axel Hefer, CEO trivago.  

Spontaneous or Uncertain?
Travelers are planning trips in the “nearer” future indicating uncertainty about the future. In addition, short (less than 3 night) stays are declining, indicating that the effort needed to safely plan for this short of a trip may simply not be worth it.

Search and click-out data indicate that travelers are planning their stays closer to departure than ever before. They are researching trips an average of four days earlier than last year signaling uncertainty about anything too far in the future.

In fact, the majority of click outs (when a user clicks out to a property from the trivago platform) are eight to 28 days before arrival. Advance search and click outs (+41 days) have decreased globally overall and dropped by nearly half in the EU.

Location, Location, Location!
Unsurprisingly, domestic and regional travel have seen an increase year-over-year as a result of travel restrictions and fear of exposure to COVID-19 and becoming ill far from home as well as the potential need to quarantine upon their return. Desired destinations have shifted from urban and international to coastal and suburban or less populated domestic destinations including smaller towns and coastal or beach destinations.

This shift was most marked in the EU with preference jumping 28 percent for domestic destinations year over year. The increase was less significant in the US with a relative increase of five percent, as the US travelers share of click outs to domestic destinations was already quite high last year.  In general, people are staying closer to home.

For example, the most popular destinations for US travelers are in the US or Mexico and at the beach, while 2019 saw London but not Mexico ranked in the top 10. In fact, two cities in Mexico, Cancun and Playa Del Carmen are within the top five cities replacing Chicago and New Orleans, respectively. Most surprising was the appearance of Wildwood, New Jersey replacing Boston in the 10th spot and Fort Lauderdale taking London’s spot at no. 9.

Preference Toward Alternative Accommodation* Continues to Grow
As alternative accommodations have increased in popularity over the years, 2020 has accelerated demand significantly with the need for safe spaces as well as a change of scenery for those in lockdown. With the freedom to learn and work anywhere, consumer interest in alternative accommodations has increased nearly 10 percent year over year and is expected to continue to grow. In comparison, searches and click outs for hotels has decreased by nearly 20 percent.**  Hefer added, “We do expect as travel begins to normalize in the near future, hotel stays will increase again in popularity.”

To learn more, visit trivago.com.

About trivago
trivago is a leading global accommodation search platform focused on reshaping the way travelers search for and compare hotels and alternative accommodations. Incorporated in 2005 in Düsseldorf, Germany, the platform allows travelers to make informed decisions by providing them access to a deep supply of accommodation information and options from hundreds of websites. trivago enables its advertisers to grow their businesses by providing access to a broad audience of travelers via its websites and apps. As of March 31, 2020, trivago has established 54 localized platforms connected to over 4.5 million hotels and alternative accommodations, in over 190 countries

Media Contact:
Stephanie Lowenthal

Forward looking statements
This press release contains certain forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control, and important factors that could cause actual events and results to differ materially from those in the forward-looking statements. For additional information factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our public filings with the Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.



Source: trivago N.V.

2020 GlobeNewswire, Inc., source Press Releases

share with twitter share with LinkedIn share with facebook
All news about TRIVAGO N.V.
10/26TRIVAGO N : Third Quarter 2020 Earnings Release Scheduled for November 2, 2020; ..
10/23TRIVAGO N : Third Quarter 2020 Earnings Release Scheduled for November 2, 2020; ..
10/23TRIVAGO N : Third Quarter 2020 Earnings Release Scheduled for November 2, 2020; ..
10/23trivago N.V.'s Third Quarter 2020 Earnings Release Scheduled for November 2, ..
10/13TRIVAGO N : Travelers Trade Cities for Seasides
10/13Travelers Trade Cities for Seasides
10/13TRIVAGO N : Travelers Trade Cities for Seasides
09/21TRIVAGO N : 2020 Minutes of Annual Shareholder Meeting
09/14TRIVAGO N : Summer vacations signal long-term shift in consumer travel behavior
09/14TRIVAGO N : Summer vacations signal long-term shift in consumer travel behavior
More news
Sales 2020 301 M 356 M 356 M
Net income 2020 -252 M -298 M -298 M
Net cash 2020 168 M 198 M 198 M
P/E ratio 2020 -1,60x
Yield 2020 -
Capitalization 410 M 484 M 485 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,46x
Nbr of Employees 1 247
Free-Float 7,39%
Duration : Period :
trivago N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TRIVAGO N.V.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 14
Average target price 1,62 €
Last Close Price 1,16 €
Spread / Highest target 67,6%
Spread / Average Target 39,5%
Spread / Lowest Target 9,90%
EPS Revisions
Axel Hefer Chief Executive Officer
Matthias Mauritz Tillmann Chief Financial Officer & Managing Director
James A. Carter MD, Chief Technology & Product Officer
Rolf T.J. Schrömgens Member-Supervisory Board
Peter M. Kern Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
TRIVAGO N.V.-47.71%484
NETFLIX, INC.50.89%215 720
PROSUS N.V.24.46%153 026