Trivago watched its revenue forecast plummet from $1 billion to nearly zero—so the company tapped a set of former interns to turn it around

Three out of four of Trivago’s top leaders—including the CEO Johannes Thomas (left sitting), CFO Wolf Schmuhl (right leaning), and CMO Jasmine Ezz (right sitting)—were all once interns. Now, they’re trying to turn the company from the brink of extinction back to bringing in billions in revenue. · Fortune · Courtesy of Trivago

In This Article:

  • Interns are often brushed off for being at the bottom of the totem pole, but at some companies, it’s become a part of the secret recipe for landing a gig in the C-suite. Trivago is part of a list of companies, including Nike, HP, and EY, that have promoted former coffee-fetchers to the top of the corporate ladder.

In the matter of a month during the pandemic, travel planning company Trivago’s revenue forecast plummeted from $1 billion to virtually zero.

It was a “near-death experience” that resulted in a “deep winter” for the company, according to CEO Johannes Thomas. Actual revenue sank 70% to 249 million euros in 2020 from 839 million euros in 2019, the latter equivalent to about $940 million at the time.

But even as restrictions were lifted and travel surged back, Trivago still had not recovered—and thus it was time for a shake-up in the C-suite.

“After you have a near-death experience and three years of depression, you have a team that doesn’t believe anymore,” Thomas, who was brought in as CEO to turn the company around in 2023, tells Fortune.

But for Thomas and other executives, what’s notable about their experiences is not their most recent roles—it’s how they started their careers.

Thomas first joined Trivago in 2011 as an intern working in online marketing, and he’s quietly assembled other former interns, including Chief Financial Officer Wolf Schmuhl and Chief Marketing Officer Jasmine Ezz. Thomas says having leaders who understand the business and its culture from the ground up are key to returning the company to its former glory.

And while Trivago’s revenue for 2024 was still half what it was five years ago in 2019, first quarter 2025 revenues increased by 22% to $124 million.

An emphasis on young talent

While retirees are often known for traveling frequently, one of Trivago’s focuses is on young people—and it makes sense considering Gen Z’s spending habits. The generation was the only group that reported an increase in year-to-year travel spending between 2023 and 2024, according to Berkshire Hathaway’s State of Travel Insurance Report. The average trip was over $11,000.

“(We’re) trying to build an ecosystem—a culture and environment where young people can grow and where people can thrive,” Thomas says.

That’s another reason why Trivago’s C-suite is not stacked with Gen Xers, but instead millennials who understand how young people think, spend, and travel. According to Thomas, the average Trivago customer is 34 years old, and 20% have families.

By focusing on young people as a company, Trivago not only is able to tap into a customer market, but also an employee talent market.