In addition to our regular quarterly earnings coverage, PhocusWire also aggregates the results of other big names in the global travel industry.
This week, Indian online travel major Yatra announced its third-quarter 2026 earnings, and tour operator TUI Group announced its first-quarter 2026 results. Meanwhile, vacation rental company HomeToGo shared preliminary unaudited results for the fourth quarter of 2025, and Singaporean super app Grab also announced its fourth-quarter results.
This review was created with the help of ChatGPT.
Yatra
- Adjusted EBITDA: $1.1 million
- Profit: Loss of $1.4 million
- Revenue: $29 million
Yatra The report stated that operating momentum in the quarter ended December 31, 2025 was strong, with revenue reaching $29 million, a year-on-year increase of 9.6%. Total bookings were US$242 million, a year-on-year increase of 21%. Results were driven by balanced demand across corporate travel, consumer and associate channels, supported by expansion in the airline business and improved hotel and package profitability.
The company said business travel continues to be a key growth engine for the company, and integration with global travel has made effective progress, generating supplier synergies, technology enhancements and cross-selling opportunities. Adjusted EBITDA fell 18% year over year to $1.1 million, and the company reported a loss of $1.4 million compared with a year-over-year profit of $0.4 million.
Siddhartha Gupta, CEO of Yatra, said: “I am pleased to report that despite disruptions to India's domestic aviation industry and geopolitical developments affecting international travel, particularly to and from the Middle East, financial and operating results were strong in the third quarter, with results exceeding our initial full-year growth guidance.”
TUI Group
- Underlying EBIT: €77 million
- Profit: 3 million euros
- Revenue: €5 billion
TUI First quarter fiscal 2026 results were record high, demonstrating operational resilience and strategic momentum in a challenging European market environment. Underlying EBIT increased by €26 million year-on-year to €77 million, while group revenue remained stable at nearly €5 billion.
The group has advanced its transformation into the global curated travel market, accelerating growth beyond its traditional European source markets. Strategic expansion includes launching Romania as a new Eastern European source market, continuing to develop global hotels in Africa and Asia and further developing digital distribution through the TUI app.
Holiday Experience increased underlying EBIT to €214 million, while TUI Musement returned to profitability and the Marketing and Aviation divisions improved operational efficiency and reduced losses. Overall results highlighted improved profitability, diversified growth and progress in structural transformation.
Home is here
- Adjusted EBITDA: Undisclosed
- Profit: Undisclosed
- Revenue: Undisclosed
Home is here Exceeded 2025 profitability targets while effectively executing the Interhome integration. Revenue calculated according to statutory IFRS reached 254 to 256 million euros, a year-on-year increase of 20% to 21%. The company said the integration was progressing rapidly, with annual cost savings of more than €5 million achieved within five months, putting the group on track to achieve its short-term cost synergy target of €10 million.
The company reported that backlog revenue (booking revenue before cancellations in 2025) increased to 119.5 million euros, a year-on-year increase of more than 9%.
“2025 is a landmark year in HomeToGo's history,” said Patrick Andrae, co-founder and CEO of HomeToGo. “With the successful acquisition of Interhome, we not only reach the next level, but also demonstrate our ability to integrate and realize synergies faster than planned. Exceeding our Adjusted EBITDA guidance on both a statutory and pro-forma basis underscores our commitment to growing profits.”
HomeToGo will release full-year and fourth-quarter 2025 results on March 19.
catch
- Adjusted EBITDA: $148 million
- Profit: $153 million
- Revenue: $906 million
Grab Holding The fourth quarter of 2025 will hit an all-time high, marking a major inflection point in its financial and operating performance, the report said. Fourth-quarter revenue increased 19% year-over-year to $906 million, driven by strong momentum in on-demand services and financial services. Supported by double-digit growth in monthly transaction users and transaction volume, the total value of on-demand goods increased 21% year-on-year to US$6.1 billion.
The company also achieved a major profitability milestone, posting a profit of $153 million in the quarter, with adjusted EBITDA growing 54% year-over-year to $148 million. Operating profit reached $52 million, reflecting cost control, improved revenue leverage and reductions in general and administrative expenses.
