Trivago reported a notable 22% revenue increase in Q1, reaching $141 million, attributed to successful marketing campaigns. CEO Johannes Thomas believes this growth is sustainable, with plans to boost advertising. Meanwhile, China's H World Group has outpaced Western hotel firms in hotel count, planning to double properties in five years by targeting budget hotels in smaller cities. Lastly, low-cost airline Wizz Air warned about the aviation sector's slow response to climate change while advocating for the phasing out of fossil fuel subsidies in favor of greener jet fuels.
Trivago's CEO Johannes Thomas stated the company's strong first-quarter revenue of $141 million is a sign of sustainable growth, bolstered by effective global and local marketing.
H World Group aims to double its hotel count within five years, focusing on budget and limited-service properties in smaller Chinese cities and expanding upscale brands internationally.
Wizz Air's Yvonne Moynihan emphasized the urgent need for radical changes in the aviation industry to meet net zero emissions goals, advocating for a shift in fossil fuel subsidies.
As outlined by the European Union, the phase-out of fossil fuel subsidies is projected for 2030, which Wizz Air sees as critical for promoting greener jet fuels.
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