TinT – Technology-in-Travel
Our monthly TinT report. As this is a subscription report, the following is not the current edition.
TBA Tracking: Net-Value Travel-Tech stock prices and index
Our NVTT* stock index, which measures stock prices of OTAs, platforms, and Amadeus, was at 137 in February. Previous month 156.
Comments:
-Yet another bad month – six of our eight stocks fell, two were unchanged.
-Unusually, all their local stockmarkets fell as well. (Our eight stocks are quoted in just four markets , of which two are in the US.)
-Compared with those local stockmarkets, two stocks did better than their local market, six worse.
-Three stocks are still below their baseline price – cTrip, Travelport, Trivago.
-Figures were trending down in March as the covid coronavirus was hitting travel movements around the world. In China, origin of the virus, business was starting to look better.
*Notes: NVTT=Net-Value Travel-Tech. The Index includes three companies quoted in Europe, and five in the US – one of which, cTrip, is China-based, and another, Trivago, is Germany-based. Base-100 end-2014 for all except end-2015 for cTrip, end-2016 for Trivago.
Stockmarket last-day travel-tech-stock closing prices, 2015-20
| Company | Price,local currency | Growth┼,% | NVTT* index | ||||
| Feb 20 | Dec 19 | Dec 15 | stock | market | Company | All | |
| Amadeus | 62.5 | 72.8 | 40.7 | -11.7 | -6.0 | 189 | 138 |
| Booking╪ | 1729 | 2054 | 1275 | -5.5 | -2.2 | 152 | 111 |
| cTrip | 34.9 | 34.9 | 46.8 | 0.0 | -5.8 | 75 | 55 |
| eDreams | 3.67 | 4.27 | 1.90 | -17.0 | -6.0 | 222 | 163 |
| Expedia | 96 | 108 | 124 | -11.5 | -5.8 | 112 | 82 |
| Lastminute | 35.8 | 46.0 | 13.1 | -19.4 | -5.0 | 239 | 175 |
| Travelport | 15.8 | 15.8 | 12.9 | 0.0 | -5.8 | 87 | 64 |
| Trivago | 1.82 | 2.62 | na | -30.8 | -5.8 | 15 | 11 |
Notes: *NVTT=Net-Value Travel-Tech; *100 base on Dec 2014 prices or when company started listing. ┼Latest month over month earlier. ╪Renamed 2018; was Priceline. Source: companies, Net Value, stockmarkets.
Bites
[] Reports from PCW (Phocuswright, a travel research company specialising in online data):
-Reports that Expedia and Booking spent a combined US$11bn on ‘marketing’ in 2019. We calculate that would have been +3.8% growth – which looks low for this segment of the travel business.
-US OTAs (online travel agencies) bookings were US$78bn +7% in 2019.
-20% of US travel is now booked through OTAs.
-In the US in 2019, the online Air share was 80%, Hotel 48%, Cruise 52%, Car rental 65%.
#travel-technology #travel business #Internet&travel
//end
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