From the monthly archives: "August 2015"
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    Expedia, Orbitz deal gets more time

    Expedia has extended the termination date for its USD1.3bn merger with Orbitz Worldwide by three months to 12 November. The company gave no reason for its decision, which came as the Department of Justice continued to review the deal, which has been attacked by a number of politicians and industry bodies. Under the terms of [...]
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    Marriott defends “disparaging” booking campaign

    Marriott International has protested that its media campaign pushing direct bookings was “to create awareness of direct channel benefits”. The comments came after accusations from travel agents in the US that the campaign was “not only disparaging to travel agents, but also misleading”. The American Society of Travel Agents said: “Suppliers have the right to [...]
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    OTAs line up against Lufthansa charge

    A group of eight online travel agents have joined the European Association of Travel Agents and Tour Operators in attacking Lufthansa’s plans to charge for bookings made through indirect channels. The airline’s move was described as “manifestly illegal” and came as Lufthansa said that it would go ahead with the surcharge as planned on 1 [...]
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    Airbnb partners for China push

    Airbnb has announced two partners to help it move into the Chinese market, with co-founder & CEO Brian Chesky describing a need to be “prudent” in establishing itself in the country. The news came shortly after Tujia, Airbnb’s equivalent in China, raised USD300m in investment, taking its valuation to over USD1bn. In a blog, Chesky [...]
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    TUI undecided on sale

    TUI Group refused to confirm rumours that it was planning to sell its non-mainstream unit, which includes industry bedbank hotelbeds.com. The company emphasised that control over distribution “continues to be central to our marketing and sales strategy”, as it reported growth in online distribution. Co-CEO Peter Long said that the company was still considering the [...]
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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 [...]
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    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 [...]
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    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 [...]
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    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 [...]
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    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 [...]