eDreams adds hotels

Expedia

eDreams Odigeo said that it had been able to “significantly grow” hotel inventory over the past year.

The group said that it expected to see a greater shift toward digital and mobile in the light of Covid-19.

eDreams Odigeo said that, for the full year, it had grown direct-sourced hotels inventory, from 19% of its dynamic packages sales on average in 2019 to 29%.

With the pandemic hitting in the company’s fourth quarter, it reported full-year adjusted Ebitda of €115.1m, down 4%, against €119.6m in the previous year.

Dana Dunne, CEO, eDreams Odigeo, said: Given the exceptional level of cancellations caused by Covid-19, we invested in additional frontline people to handle the unprecedented volume of customer queries.

“We anticipate substantial change to the way we travel. We are well positioned to thrive in the post Covid-19 era and seize the opportunity as customers migrate to our trusted brands in an accelerating digitalising world. As restrictions lift, I am confident that, in time, we can return to and supersede the strong trading performances of 2019 and the first two months of 2020.”

The company said that it had €142m in liquidity, which it described as sufficient “to see this through”.