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PhocusWire rounds up earnings from major travel companies: Uber gross bookings up 24% to $58B; Amex GBT revenue up 35% with transactions up 41%; MakeMyTrip and Ixigo show mixed results in India; Lyft active riders exceed 30 million. AI adoption is key to improving efficiency and customer experience.
Airbnb highlighted that its hotel initiative is exceeding expectations during its Q2 earnings call, partnering with Lark to add over 75 boutique properties. Hotels account for a single-digit percentage of nights but are growing three times faster than homes. Revenue rose 17% to $3.6 billion, and AI reduced customer service costs by 16%.
India-based startup Bizey, founded in 2025, offers an AI-powered travel procurement and expense compliance platform that integrates travel booking, expense management, approvals, policy compliance, and more. It uses a SaaS subscription model and plans to add premium features to increase revenue.
The UK FCDO updated travel advice for India, warning against all travel to areas within 10km of the India-Pakistan border, the Union Territory of Jammu and Kashmir (except air travel to/from Jammu city and within Jammu city), and all but essential travel to Manipur. It also notes global travel disruption due to Middle East escalation, including airspace closures and flight delays.
Online travel agency Yatra received a Nasdaq non-compliance notice due to its share price falling below $1, and has 180 days to regain compliance, possibly through a reverse stock split. Q1 revenue fell 14% to $201 million, and adjusted EBITDA dropped 49%.
Expedia Group research shows 65% of travel professionals expect APAC travel demand to increase in the next 2-3 years, but complexity in payments, content, and technology may hinder growth. The survey covered 1,250 professionals.
Indian online travel platform Ixigo has agreed to acquire a 54.66% stake in Brevistay for about $6.9 million. Brevistay specializes in flexible-duration hotel stays. Upon completion, Brevistay will become a subsidiary, and the combined network will include over 10,000 directly contracted hotels.
At SAP Concur Fusion 2026, SAP Concur announced innovations: Joule integration with Microsoft 365 Copilot, new Expense Automation and Pre-Submit Audit agents; deepened partnerships with Amex and Visa for virtual cards and real-time notifications; Concur Travel expansion to India with Cleartrip content; TripIt Pro introduces Image to Plan and risk alerts.