Trivago sees referral revenue jump more than 60% in March: Travel Weekly
| Global hotel and accommodation search platform Trivago credits vaccination efforts in markets such as the U.S. and Israel with spurring a jump in travel activity that gave the site a 60% increase in referral revenue -- its primary source of revenue -- in March compared to February. Total referral revenue in the first quarter was $39 million, down from $164million in Q1 2020. Trivago's "developed Europe" segment saw the sharpest decline in referral revenue year-over-year -- 83% -- while the Americas dropped 66% and "rest of the world" was down 67%. In a letter to shareholders regarding ...
Source: travelweekly.com