EDreams

eDreams ODIGEO Achieves Record Revenues and Grows Profits by 54% as Subscriber Base Tops 5.4 Million Members

Retrieved on: 
Wednesday, February 28, 2024

Dana Dunne, CEO of eDreams ODIGEO commented: “We are excited to have achieved record revenues and a remarkable 54% growth in profitability.

Key Points: 
  • Dana Dunne, CEO of eDreams ODIGEO commented: “We are excited to have achieved record revenues and a remarkable 54% growth in profitability.
  • We continue to pioneer the travel industry with our subscription model, which has topped 5.4 million members and is the largest contributor to our revenues and profits.
  • With the majority of profits and revenues now coming from subscribers, it is clear that we have evolved beyond the confines of a traditional travel company.
  • For the first time in the Company’s history, revenues surpassed the €500 million mark within 9 months, reaching €507.3 million, reflecting a 10% growth from €459.7 million last year.

84% of Consumers Choose Travel as Their Top Budget Priority, Reveals Research From Leading Subscription Platform eDreams ODIGEO

Retrieved on: 
Tuesday, February 6, 2024

New market research commissioned by leading travel subscription company eDreams ODIGEO on the occasion of the 25th anniversary of its flagship brand eDreams reveals that the vast majority of consumers (84%) are prioritizing travel within their personal budgets in 2024.

Key Points: 
  • New market research commissioned by leading travel subscription company eDreams ODIGEO on the occasion of the 25th anniversary of its flagship brand eDreams reveals that the vast majority of consumers (84%) are prioritizing travel within their personal budgets in 2024.
  • In the US, respondents provided similar answers with nearly 8 out of 10 highlighting the importance of travel within their household budget.
  • The foundation of eDreams, Europe’s largest online travel agent, 25 years ago today marked the commencement of the universalization of online travel.
  • eDreams was the first business to pioneer a subscription service in the travel sector through its Prime platform, which now has over 5.2 million members.

eDreams ODIGEO Invited to Enrich Top Decision-makers' Dialogue on Advancing AI at Financial Times Summit

Retrieved on: 
Wednesday, January 31, 2024

Recognised as a leading player in Artificial Intelligence, eDreams ODIGEO was invited to contribute insights on understanding opportunities and challenges, ensuring safe and compliant technological advancements, and establishing new standards in a rapidly evolving technological landscape.

Key Points: 
  • Recognised as a leading player in Artificial Intelligence, eDreams ODIGEO was invited to contribute insights on understanding opportunities and challenges, ensuring safe and compliant technological advancements, and establishing new standards in a rapidly evolving technological landscape.
  • While acknowledging the EU's delivery in legislation crafting, Teissonnière highlighted the need for enhanced mechanisms and processes to ensure robust enforcement.
  • eDreams ODIGEO’s decade-long strategic investments in AI have positioned the Company as a leader among AI-led companies globally, not just in the travel industry, but in the broader e-commerce sector.
  • eDreams ODIGEO has integrated an AI-first approach, embedding the technology across the board in the business.

eDreams ODIGEO Rejects Proposed Changes by Google and Urges Ending Self-Preferential Treatment for Fairer Competition

Retrieved on: 
Tuesday, January 23, 2024

However, the proposed solution by Google does not fulfil these objectives.

Key Points: 
  • However, the proposed solution by Google does not fulfil these objectives.
  • eDreams ODIGEO awaits the European Commission’s decisive action in ensuring compliance with the DMA.
  • “We appreciate the European Commission's dedicated efforts to foster fairer competition within the European digital landscape.
  • “Beyond the immediate consumer benefits, a fairer digital environment will reinforce a thriving and innovative tech ecosystem in Europe.

America's Latest Travel Insights Uncovered by Leading Subscription Platform eDreams ODIGEO

Retrieved on: 
Wednesday, November 29, 2023

Dana Dunne, CEO of eDreams ODIGEO, comments: “Our research shows that travel continues to be a very important part of people’s lives.

Key Points: 
  • Dana Dunne, CEO of eDreams ODIGEO, comments: “Our research shows that travel continues to be a very important part of people’s lives.
  • When we look at the global travel map for 2023, traditional hotspots like Paris, Barcelona and London remain firm favourites.
  • Overall, the data shows that, across the world, there continues to be a deeply held wanderlust and passion for travel.”
    The eDreams ODIGEO 2023 A Year in Travel Report is collated utilizing flight booking data from the company’s online travel agency brands (eDreams, Opodo, GO Voyages and Travellink).
  • Traveling dates: 1st January to 31st December 2023 against the same dates in 2022 & 1st of January 2024 to 31st January 2024.

eDreams ODIGEO Shares Insights on Infusing AI Into Business Operations at the Financial Times’ Future of AI Summit

Retrieved on: 
Friday, November 24, 2023

Following the AI Safety Summit which convened world leaders to discuss AI regulation, the global spotlight remains firmly on AI with the conversation continuing at the FT’s first Future of AI Summit.

Key Points: 
  • Following the AI Safety Summit which convened world leaders to discuss AI regulation, the global spotlight remains firmly on AI with the conversation continuing at the FT’s first Future of AI Summit.
  • As a pioneer of AI in online travel and e-commerce, eDreams ODIGEO was invited to share how the business is leveraging AI to revolutionize the travel experience.
  • Carsten Bernhard joined a discussion, moderated by the FT’s Senior Business Writer Andrew Hill, alongside Volvo Group’s Analytics & Insights Leader, Jair Ribeiro to discuss how to infuse AI into the whole business.
  • Bernhard outlined that the Company's forefront in AI is evident through its cutting-edge travel booking brands (eDreams, Opodo, GO Voyages, and Travellink).

eDreams ODIGEO Boosts Profitability by 84% Fueled by Accelerated Success of Its Subscription Model

Retrieved on: 
Wednesday, November 15, 2023

The company delivered yet another excellent performance, marked by a substantial increase in profitability.

Key Points: 
  • The company delivered yet another excellent performance, marked by a substantial increase in profitability.
  • Cash EBITDA saw a remarkable growth of 84% compared to the same period last year, primarily driven by the exceptional performance of the Company’s subscription platform, 'Prime.'
  • This model has become the primary driver of profits and revenues for the Group, consistently delivering strong results with significantly enhanced margins and overall profitability.
  • Our unique model has proven its resilience, clearly setting us apart from other travel brands and positioning us in the pole position for further growth.

eDreams ODIGEO Breaks New All-Time Booking Records With Prime

Retrieved on: 
Tuesday, October 10, 2023

These results highlight the effectiveness of the Prime business model, as it fosters enduring customer relationships where Prime members book more frequently than non-subscribers.

Key Points: 
  • These results highlight the effectiveness of the Prime business model, as it fosters enduring customer relationships where Prime members book more frequently than non-subscribers.
  • Frédéric Esclapez, Chief Marketing Officer at eDreams ODIGEO said: "This edition of our ‘Prime Days’ was truly special as it coincided with the celebrations of another recent significant milestone for Prime – surpassing 5 million members.
  • For instance, Prime facilitates access to billions of flight combinations, combining options from nearly 700 global airlines.
  • Additionally, Prime members can secure discounted rates on the 2.1 million accommodation options offered by eDreams ODIGEO brands, along with thousands of car rental choices.

eDreams' latest Poll reveals our Motivations for planning Detox Breaks

Retrieved on: 
Tuesday, September 19, 2023

Roughly a third (28%) of US travelers say that they would book a detox break to 'reduce stress, improve mood & energy levels' and 18% record a desire 'to find a sense of balance'

Key Points: 
  • Roughly a third (28%) of US travelers say that they would book a detox break to 'reduce stress, improve mood & energy levels' and 18% record a desire 'to find a sense of balance'
    The largest US group (37%) report that a big city location is the ideal setting for such breaks, with 26% prioritizing 'nature' and 22% choosing sun and beach breaks.
  • How does all this compare to our global cousins?
  • 2,000 respondents were from the US.
  • The Poll was conducted between 14th - 15th March 2023.

eDreams ODIGEO's Prime surpasses 5 million members and reigns as world's fastest-growing subscription platform

Retrieved on: 
Tuesday, September 12, 2023

BARCELONA, Spain, Sept. 12, 2023 /PRNewswire/ -- eDreams ODIGEO, the world's leading travel subscription platform and one of Europe's largest e-commerce businesses, today announced that its Prime subscription service has surpassed 5 million subscribers, after adding 1.7 million new members in the last year alone[1].

Key Points: 
  • The significant achievement in subscriber growth further solidifies the programme's position as the world's largest travel subscription platform and one of the leading membership programmes across industries.
  • Dana Dunne, Chief Executive Officer at eDreams ODIGEO, said: "We are incredibly proud of eDreams Prime's success as the world's fastest-growing subscription platform.
  • We take pride in offering our Prime members unparalleled benefits, choice, flexibility, and significant cost savings for their travel experiences.
  • As the subscription economy continues to thrive, we remain fully committed to driving innovation and elevating the travel booking experience for consumers."