Expedia’s $100b target and how it intends to get there with its army of brands
Twenty years on since its founding, Expedia Inc intends to become the first $100b travel agency in the world and it is pulling out all stops to hit that target.
With current gross bookings standing at $71b, representing a 29% year-on-year growth, and if you take into consideration the journey s [...]
The Wrap: AccorHotels wraps up concierge deal with John Paul
The weekly news roundup: Accor’s acquisition of John Paul completed, CarTrawler and IdealWorksCompany forecast of 2016 ancillary revenue, partnership between China’s PKfare and Amadeus, virtual payment solution for agents from Sabre
HOTELS: AccorHotels wraps up concierge deal with John Paul
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Ctrip buys out Skyscanner, first move into global meta-search territory
Following Jenny Wu, chief strategy officer of Ctrip's declarations of globalisation on stage at Phocuswright last week, this doesn't come as a surprise but it's a big deal – Ctrip acquiring Skyscanner for a valuation of £1.4b.
Edinburgh-based Skyscanner, which has built out a strong global bu [...]
Technology, travel and Trump – key takeaways from Phocuswright
Call it a funnel or a sieve or whatever, let’s face it, things are changing in online travel, lines are blurring even faster than you can say “revolution” and everyone, it seems, wants to be all things to all people.
Has specialisation died at the altar of growth – imagine, Airbnb getting [...]
My 15 Minutes of Fame (and Why Airbnb is Killing it)
In 2010, I was working on an update to our U.S. vacation rental market research, and one name kept popping up: Airbnb. I began digging in. The model was odd – people rent out their primary residences or spaces within their homes – but the product and founders were compelling. They took a very de [...]
The Wrap: Rome2rio adds onsite bookings, announces new partnerships
The weekly news roundup: Rome2rio's new booking model and partnerships, Travelport’s merchandising technology for Fly365.com, AirAsia’s enhanced one-click payment
MARKETING: Rome2rio adds onsite bookings, announces new partnerships
Travel search engine Rome2rio is reaching a key mi [...]
TUI takes stake in peakwork, software specialist for the travel industry
TUI Ventures, the capital investment company of TUI Group, has acquired 15.4% stake in technology provider peakwork, the first anchor investor for the Düsseldorf-based company.
peakwork is also planning to attract additional investors.
The parties have agreed not to disclose the investment pr [...]
Trends that matter in online travel
At WIT 2016 Conference in Singapore last month, Lorraine Sileo, vice president research of Phocuswright, shared the key trends that mattered in online travel with Yeoh Siew Hoon, founder, WIT.
Q. What are the big global trends that you’ve seen in the past year?
Consolidation, circle of d [...]
Amadeus cytric Travel and Expense launched with focus on mobile-first Asia
Amadeus has recently launched a new tech solution that aims to simplify corporate travel expenses. Amadeus cytric Travel and Expense is an end-to-end software platform that enables corporate employees to plan, book, submit expenses and have them reimbursed, in a single system. To top it all off, it� [...]
Booking.com launches new platform for travel agents
Booking.com is piloting a portal, Booking.com for Travel Agents, which will enable travel agents to book and manage accommodations via Booking.com.
The new platform is an extension of the company’s existing Affiliate Partner Programme, and leverages technology and infrastructure being developed [...]
