From the monthly archives: "February 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 [...]
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    Starwood joins Instant Booking

    Starwood Hotels & Resorts has become the latest global operator to join TripAdvisor’s Instant Booking platform. The company was acquired at the end of last year by Marriott International, which was one of the first of the global chains to sign up to Instant Booking, in June. On the day of the news that Marriott [...]
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    MakeMyTrip sees mobile boost

    MakeMyTrip announced that bookings via mobile had risen by 756% on the year in the third quarter. The results came shortly after the company received a USD180m investment from Ctrip, with CEO Deep Kalra forecasting “the type of transaction growth rarely seen by OTAs elsewhere”. The company reported a 326.3% increase in hotels booked online [...]
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    FourSquare and Google planning

    FourSquare has announced a new tool to help travellers plan their trips, which it says will “take the stress out of planning”. The news follows Google’s own Trip Planning search display, which provides a curated collection of destinations, including flights and hotels. At Foursquare, the company has launched Trip Tips, which sees users tell the [...]
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    Thomas Cook appoints CDO

    Thomas Cook Group has appointed Gilles Despas as chief digital officer, replacing Marco Ryan, who left in September. The company said that Despas would help the group further develop its online presence “however and wherever” consumers chose to interact with the company. Despas joins Thomas Cook Group from HolidayCheck, the German travel portal, where he [...]
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    Priceline pulled down by Airbnb

    Shares in The Priceline Group fell by 5% after Goldman Sachs downgraded the company from ‘buy’ to ‘neutral’. The investment bank cited “the growth of alternative accommodations like Airbnb” as one of the reasons behind its decision. Goldman Sachs analyst Heath Terry wrote: “While we continue to believe Priceline is the best positioned given its [...]