Online Travel's eDreams Odigeo Sees Bookings Tumble After Coronavirus Outbreak
Skift Take
Online travel agency eDreams Odigeo has been pretty explicit in its bookings breakdown. Similar businesses should also expect a rocky few months ahead as the world deals with the outbreak and spread of coronavirus.
Barcelona-based online travel agency eDreams Odigeo has seen bookings take a dive across all its markets following the outbreak of the coronavirus.
Not only is the disease causing problems across its China and Asian source markets, but in Italy — where 400 people have been infected — the company has also seen a significant dropoff.
"[Before] the outbreak of the coronavirus, we were seeing solid, high single-digit growth rates for bookings. After the outbreak, increasing concerns about coronavirus have inevitably resulted in a slowing of demand," Dana Dunne, CEO, told analysts on an earnings call on Thursday.
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