Hotel epidemic layoffs

The epidemic situation has brought a serious negative impact on the performance of BH Group in the first half of 2020. On August 7th, Booking Holdings, the world's largest travel group, released the financial data for the second quarter of this year, showing that the total booking volume of the group in the second quarter was $2.3 billion, down 965,438+0% year-on-year. The total revenue was $630 million, down 83.6% year-on-year; The net profit was $654.38+$22 million, down 87.5%; The adjusted loss was $376 million. This is the first time that the company has suffered a quarterly EBITDA loss since 200 1.

Under the influence of COVID-19, the reserved stocks continued to fall. Meidong opened 18 13.4. As of August 8, the company reported $65,438+$0,754.48 per share, with a market value of $765,438+$84 million. Its share price has fallen by nearly 20% this year. In terms of revenue composition, Booking Holdings booked 28 million rooms and nights in the second quarter, down 87% compared with the same period last year.

? The biggest negative impact of COVID-19 in April caused the number of newly booked rooms to drop by more than 85% year-on-year. ? The CEO of Booking Holdings said: After April, the number of nights booked has increased steadily. The number of newly booked accommodation nights decreased by about 35% year-on-year. The main reason for the narrowing was the domestic and international tourism trend, but the improvement was limited. Many countries are still experiencing negative year-on-year growth. ?

Due to the epidemic, the number of reserved orders decreased. Booking.com, the largest brand of the Group, flexibly cancelled the number of late room orders, accounting for 40% of all newly booked rooms in this quarter. Glenn. Vogel said in a conference call that despite the improvement trend in the second quarter, most new orders were cancelled. In other words, once the epidemic continues to deteriorate, these may be cancelled, so it is impossible to determine the situation in the next few months.