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    Operators push innovation

    InterContinental Hotels Group and Wyndham Worldwide both used their recent results to send the message to hotel owners that they were focused on technological innovation. Both operators are taking differing routes, as IHG partners with Amadeus to develop a new reservations system, while Wyndham is increasingly outsourcing. Steve Holmes, CEO, Wyndham Worldwide, told analysts: “We [...]
    Booking.com

    Expedia, Priceline, buoyed by global growth

    The two leading online travel agents both hailed strong quarters driven by continued international growth, despite Expedia’s decision to pull back in China. The battle with each other and the hotel operators for bookings has seen both invest in customer loyalty, with Priceline also claiming that it was “finally getting some good business out of [...]
    Ctrip

    China M&A builds as Ctrip dominates

    Chinese online travel agent eLong has confirmed a bid to take it private from shareholder Tencent Holdings. The news came as the company moved into a net loss for the second quarter, while rival and shareholder Ctrip described itself as “the most profitable travel company in China”. Tencent, which has a number of holdings in [...]
    Airbnb

    Tujia breaks USD1bn valuation

    Tujia, Airbnb’s equivalent in China, has raised USD300m in investment, taking its valuation to over USD1bn. Investors included The Ascott, which separately announced that it was forming a USD40m joint venture with Tujia to operate serviced apartments in China. Hong Kong-based All-Stars Investment, which also has investments in Chinese smartphone maker Xiaomi Inc and taxi [...]
    orbitz

    AH&LA attacks Orbitz deal

    The American Hotel & Lodging Association has come out in opposition of Expedia’s planned USD1.3bn merger with Orbitz Worldwide. The AH&LA said that the deal, currently being reviewed by the Department of Justice, would create a duopoly, restricting consumer choice and harming small, independent hotel owners. Katherine Lugar, president & CEO, AH&LA, said: “It would [...]
    instantbooking

    Instant success for Instant Booking

    Tripadvisor used its second-quarter results to announce the “amazing progress” of its Instant Booking product, which is now used by 235,000 properties. The company’s CEO confirmed that Hyatt had signed up to Instant Booking said it was now working with “six out of the top 10 global hotel brands” as it continued to offer an [...]

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