SoftBank-Backed GetYourGuide Says It's Profitable

SoftBank-backed GetYourGuide, a Berlin-based online travel booking platform, has announced that it has achieved profitability. This milestone comes as the company navigates the post-pandemic recovery in the tourism industry. GetYourGuide, which allows users to book tours, activities, and experiences, has seen a significant rebound in demand, with bookings reaching 90% of pre-pandemic levels. The company attributes this success to its focus on providing a seamless and personalized booking experience for travelers. The profitability announcement is a significant achievement for the company, which has received substantial investment from SoftBank's Vision Fund. GetYourGuide's CEO, Johannes Reck, stated that the company's ability to become profitable during a challenging period for the travel industry demonstrates the strength of its business model and its ability to adapt to changing market conditions. The news highlights the resilience of the online travel booking industry and the potential for technology-driven platforms to thrive in a post-pandemic world, where traveler preferences and behaviors continue to evolve.