From the monthly archives: "August 2012"
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    Industry Movers July 2012

    Azimut Hotels Andrey Kuzin has been appointed CFO. Andrey will have responsibility for the creation and implementation of a new financial strategy of the management company. Andrey has more than ten years’ experience in the financial sector. He began his career at Deloitte & Touche. From 2005 to 2007 he was in internal audit at [...]
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    Industry Movers July 2012

    Amadeus Hervé Couturier has been appointed executive vice president of development. Herve has 25 years of international software development experience from previous high-profile roles at SAP, IBM and Business Objects. He will head the company’s 4,500 plus software development organisation across its 15 different sites worldwide. At the same time, Jean-Paul Hamon is now set [...]
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    Issue 41: 3rd August 2012

    IHG ‘infringed competition law’ The UK’s Office of Fair Trading has accused Expedia, Booking.com and InterContinental Hotels Group of infringing competition law. The organisation made the accusation in relation to the online supply of room-only hotel accommodation by online travel agents. The OFT issued a Statement of Objections detailing the preliminary findings from its investigation [...]
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    Reputation manager secures USD14.5m

    Reputation management product Revinate has raised USD14.5m in a series A round of funding, from Benchmark Capital and Formation 8. The funding is a sign of confidence in the product, which describes itself as “the ultimate social media solution for hotels” and indicates how important reputation management is to the hotel sector. The company said [...]
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    Ctrip squeezed as competition grows

    Ctrip reported a 55% fall in net profits “due to the intensified investments in product development and marketing campaigns” for the second quarter. The company said that it was pursuing an increase in consumers and in particular in online transactions, at a time when it had also seen an increase in competition. Net revenues were [...]
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    Tripadvisor drops after results

    TripAdvisor saw its share price drop by 18% after releasing its second quarter results, as the market baulked on evidence of an international slowdown and rising costs. The company, which has only been listed separately from former parent Expedia since December, sought to reassure investors with the news that the end of the second quarter [...]
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    Expedia to blur agency with merchant

    Expedia has raised its full-year Ebitda growth forecast after reporting better-than-expected second-quarter results. The company announced that it had been integrating its agency hotel product into its core merchant offering, as part of attempts to diversify itself. The group is facing increased competition from brands such as Booking.com, in particular in territories such as Europe. [...]
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    IHG ‘infringed competition law’

      The UK’s Office of Fair Trading has accused Expedia, Booking.com and InterContinental Hotels Group of infringing competition law. The organisation made the accusation in relation to the online supply of room-only hotel accommodation by online travel agents. The OFT issued a Statement of Objections detailing the preliminary findings from its investigation into the hotel [...]