From the monthly archives: "December 2014"
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    Issue 45: 15th December 2014

      Qunar takes mobile battle to Ctrip Qunar is to focus its business on the mobile market, having seen revenues from mobile rise from 15.4% of total revenues to 40.4% of total revenues over the past year. The company said it would continue to shift its model away from meta-search and towards direct selling, describing [...]
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    RezNext secures funding

    India-based RezNext Global Solutions, the real-time hotel distribution company, has raised USD5m  in funding from venture capital firm New Enterprise Associates. The company said it would use the money for further expansion, looking at markets in Asia, Africa, and the Middle East. The company was launched in 2012 and, it said, “has grown quickly to [...]
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    TUI Travel continues gradual growth

    TUI Travel said that it had seen online channels rise by three percentage points to 38% of mainstream gross revenues, as part of its efforts to reach 50% by 2017. Next year will see the company roll out products including mobile and online check-in as part of plans to “enhance and strengthen” its relationship with [...]
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    Holiday rentals on the rise in UK

    HomeAway is celebrating the season of giving with a report on the economic impact of the holiday rentals sector in the UK. The study found that the total spend by holiday rental clients in the UK was over GBP4.35bn, with spending by self-catering tourists growing faster than that in any other accommodation category. The report, compiled [...]
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    Priceline to continue spending

    Priceline’s CEO told a conference in New York that the company was considering further acquisitions, after a busy year of M&A. The comments came as the company was downgraded by FBR amid concerns that it was seeing a slowdown in growth. CEO Darren Huston told The Wall Street Journal’s annual CEO Council meeting that the [...]
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    Qunar takes mobile battle to Ctrip

    Qunar is to focus its business on the mobile market, having seen revenues from mobile rise from 15.4% of total revenues to 40.4% of total revenues over the past year. The company said it would continue to shift its model away from meta-search and towards direct selling, describing itself as having “a very wide moat” [...]
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    Issue 44: 8th December 2014

      Meliá makes digital push Spanish hotelier Meliá has announced plans to spend EUR100m on a digital project “to transform its online presence”. The company is aiming for a goal of 40% of sales through its own digital channels by 2017, particularly from members of its Melia Rewards loyalty programme. Read more Ctrip makes [...]
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    Roomer with a view

    Rooms reselling website Roomer has raised USD5m in series A funding, led by Disruptive and including BRM Group. The move marks another shift in control of rooms supply away from the hotels and into the hands of a third party. The Israel-based company gives guests a route out of non-refundable rooms, at a time when [...]
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    Grass not greener for Thomas Cook

    Thomas Cook CEO Harriet Green’s decision to step down days after telling a conference “we're absolutely not done” turning the group around, pushed its share price down 18%. Green was replaced by a Thomas Cook veteran, at a time when the group has warned of a “tougher trading environment”. In a statement Green said: “I [...]
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    Friends with influence

    The Nordic Light Hotel in Stockholm is offering free and discounted rooms to social media users with a significant number of followers. The move indicates the increasing recognition of social media as a potential influence on bookings. The size of a guest’s social media network is the basis for a discount ranging from 5% up [...]