From the daily archives: "Monday, February 22, 2016"
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    Expedia’s bidding marketplace

    Expedia is testing a product called Accelerator, which will see hotels bid against each other for prime ranking positions. The company’s CEO told analysts that it would turn the site into a “marketplace” and said that the partners who had used it were “pretty darn happy”. Dara Khosrowshahi, president & CEO, speaking on the earnings [...]
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    TripAdvisor’s Instant Booking cost

    TripAdvisor saw its share price rise by 15% following the release of its fourth-quarter results, despite warnings of “muted” hotel growth. The company said that expenses were likely to grow faster than revenue as it rolled out its Instant Booking product, but remained hopeful of its long-term prospects. The group saw hotel segment revenue rise [...]
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    BHA calls for sharing transparency

    The British Hospitality Association has called for greater transparency of data from home sharing websites, accusing them of allowing “illegal hotels” to operate. The comments were made as Airbnb was accused of delisting properties in New York to manipulate data demanded by the attorney general. The BHA said that it was calling for greater transparency [...]
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    OTAs attack Italy parity law

    The European Technology and Travel Services Association has called on the Italian government and Parliament to suppress a new rate parity provision. The organisation, which represents the interests of GDSs and online travel agencies, said that the new clause would be anti-competitive. Article 50 would nullify clauses “under which hotels commit themselves not to discriminate [...]
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    TUI, Thomas Cook see online growth

    TUI Group and Thomas Cook both took the opportunity of their first quarter results announcements to hail ongoing growth in online distribution. The companies have both sought to leverage their strong brand names to compete with newer entrants to the market, while Thomas Cook has also agreed a deal with Airbnb in India. At TUI [...]