Trivago Buckles Up for a Long Trip
The coronavirus pandemic has been nothing short of a disaster for the travel industry.
Business and international travel have essentially ground to a halt, as offices have mandated work-from-home policies and citizens of countries like the U.S. have been banned from traveling to much of the world.
It's an unprecedented crisis for travel industry businesses, including airlines, cruise lines, and hotels, as well as online travel agencies like Trivago (NASDAQ: TRVG) that depend on demand for accommodations. Trivago is in a better position than peers like airlines with high fixed costs, as much of its spending typically goes to marketing, but its results for the second quarter were still deeply affected by the pandemic.
Source Fool.com
