- In today’s CEO Daily: Trivago’s CEO says you need to “invest at least one or two hours into AI”
- The big leadership story: Bessent threatens expanded sanctions on countries that do business with Iran
- The markets: Mild optimism in global markets heading into the U.S. trading session
- Plus: All the news and watercooler chat from Fortune .
Good morning. Trivago is a platform that should arguably be gone by now. Having suffered a near-death experience during the pandemic, this hotel search site would seem ripe for disruption in an age of AI. It’s smaller and narrower than Booking Holdings (check out CEO Glenn Fogel’s recent interview with my colleague Kamal Ahmed) or majority owner Expedia. It performs a search function that Google, Kayak and others seem to do well. And yet the mid-sized Dusseldorf-based site is profitable and grew almost 20% last year to about $633 million in revenue. More recently, it reported second-quarter revenue growth of 21%, reaching 168.4 million euros ($196.4 million).
