Sarah · Aug 06, 2026 · 3 min read
Airbnb beat its own outlook on every metric in Q2 2026 and raised full-year guidance — but the number hoteliers should read twice is that hotel nights booked on the platform grew roughly three times as fast as its core homes business.
Airbnb released post-tournament data for the FIFA World Cup 2026, its largest hosting event ever. The interesting figures aren't the totals — they're the average nightly rate, the first-time-user share and where the supply came from.
Tripadvisor's continuing-operations revenue fell 7% in Q2 while adjusted EBITDA dropped 21%. Management put a number on the search problem: SEO headwinds took roughly five percentage points off Experiences growth.
Expedia Group beat the top end of its Q2 guidance and lifted full-year gross bookings and revenue targets. Underneath the beat, B2B gross bookings grew 21% against 8% for the consumer brands — while B2B's margin went the other way.
Trivago's Q2 revenue rose 21% to €168.4 million and it hit positive adjusted EBITDA for the first time in a second quarter since 2023. Strip out the trivago DEALS acquisition and core referral revenue grew 9%. Expedia Group's share of referral revenue fell to 28% from 38%.
Booking Holdings booked 325 million room nights in Q2 2026, up just 5% year over year, the slowest pace in six quarters. Revenue of $7.35 billion beat expectations, and the company raised its cost-savings target to $650 million.
Airbnb has signed a distribution agreement with U.S. boutique operator Lark, adding up to 75 independent hotels through a single centralised partnership — the clearest sign yet of how its hotel supply strategy actually works.
Tripadvisor has executed the definitive purchase agreement to sell TheFork to American Express for $700 million in cash, after completing the French Works Council consultation. Closing is expected by the end of 2026, pending European antitrust clearance.
MakeMyTrip's Q1 FY27 gross bookings rose 19.9% in constant currency as hotels, buses and ancillary services offset softer air demand. Revenue grew 16.1% to $285.6m; adjusted operating profit hit $51.4m.
A Harris Poll study of 1,758 travelers for Vrbo finds 86% would pay more for a higher-quality listing, with cleanliness, fast host responses and verified recent reviews driving the premium.
Booking.com surveyed 10,136 travellers in ten APAC markets. Nine in ten would adapt plans rather than cancel, and value-led, local, longer stays are gaining ground.
Expedia's restructured One Key program goes live today: earning rates now depend on status tier, flight bookings earn nothing, and the Hotel Price Guarantee disappears from Expedia and Hotels.com.