Posts by Mitra Sorrells
Ctrip’s Instagram-like platform attracts more than 1M daily users
04/06/2019 by Mitra Sorrells
Ctrip is finding success with its strategy to create an Instagram-style content platform within its mobile app.Since its launch in December, the new “Trip Moments” product has exceeded one million daily active users, and 70% of those users are under 30 years old. In a call last week w [...]
GetYourGuide nabs $484M Series E round; CEO talks growth, Klook
17/05/2019 by Mitra Sorrells
Berlin-based GetYourGuide will ramp up its efforts to add new markets and broader inventory thanks to a huge new funding round - $484 million - announced today.The Series E round was led by SoftBank Vision Fund and joined by co-investors Temasek, Lakestar and Heartcore Capital, with continued sup [...]
Q1 growth slows for vacation rentals as Expedia Group realigns business for long-term
06/05/2019 by Mitra Sorrells
A deceleration in gross bookings in Expedia Group’s alternative accommodations business captured much of the attention on the company’s call with analysts to discuss its first-quarter earnings report.Vrbo’s gross bookings were up 5% in the first quarter of 2019 compared to the first quar [...]
Ctrip ends 2017 on financial high, promises ambitions only just starting
16/03/2018 by Mitra Sorrells
China’s largest online travel company, Ctrip, posted net revenue gains of 39% in 2017 to $4.1 billion. In its full year 2017 financial report, the company says it expects net revenue growth to continue at a rate of 9% to 11% for the first quarter of 2018. Jane Sun (pictured left), CEO of Ctr [...]