Travel Industry News - Financial

Hertz Global Holdings, Inc. (NYSE: HTZ) reported fourth quarter 2009 worldwide revenues of $1.7 billion, a decrease of 2.7% year-over-year (a 6.5% decrease in constant currency). - More

Excluding unusual items, the Company generated full-year EBITDA of $243 million and a pretax loss of $6 million, and fourth quarter EBITDA of $14 million and a pretax loss of $51 million. - More

After an initial slow down last year, the first half of this year saw at least 10 investments in travel companies. These investments ranged from companies providing online reviews, recommendations and bookings to rental management software. - More

Gross bookings decline 14% - More

Robust 26% Room Night Growth and 13% Air Ticket Growth Fuel Unit Share Gains - More

Participants Get First Glimpse of Major Business Travel Research Project - More