From the daily archives: "Monday, February 15, 2016"
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    EQT to buy Kuoni

    Private equity group EQT has agreed a deal to buy Swiss travel company Kuoni for SFR1.39bn (USD1.4bn). The buyer plans further acquisitions to expand the Kuoni business, with rumours that EQT is looking to purchase TUI’s online Hotelbeds business. “It is our ambition to enable Kuoni to strengthen the leading market position of its businesses [...]
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    Expedia views China return

    Expedia is looking at building its presence in China through its own website and partnerships with local players. The news came as eLong, in which Expedia sold its stake last year for USD671m, confirmed that it was going private. Mieke De Schepper, VP Asia-Pacific at Expedia Lodging Partner Services, told the local press in China: [...]
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    Airbnb may hit supply

    Airbnb “may be an impediment to traditional hotel construction” in the US, according to a study from CBRE Hotels. The company warned that the sharing platform could “reduce traditional hotel supply growth in many markets”. The report found that Airbnb now accounted for 9% of the total lodging units in the 10 largest US markets, [...]
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    Corporates choosing Homestay

    Business travellers are turning increasingly to hosted accommodation, according to a study conducted by hosted accommodation website Homestay.com. The study came as BDRC Continental reported that more corporate than leisure travellers had used Airbnb in the past 12 months in the UK. Homestay claimed that the average length of stay for its business clients was [...]
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    Choice looks to new platform

    Choice Hotels International is thought to be on the verge of announcing an expansion of its vacation rentals platform into something that could rival peer-to-peer giant Airbnb. The company is expected to reveal the plans later this month, having been trialing a vacation rentals product. It is expected that the platform will allow users to [...]