Issue 10: 11th March 2014

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    Hoteliers launch ‘Fair Booking’

    Two UK hotel owners have launched the Fair Booking Movement, to encourage travellers to book direct with hotels. The couple have set up their own database of hotels, Bestroomsdirect.com, which does not charge commission on bookings. Wendy Bennett, who owns the 15-room Augill Castle in Cumbria, said: “Global booking sites are monopolising the travel industry, [...]
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    China gets into sharing

    Tujia, the Airbnb-style home rental website based in China, announced that its rental revenue last year was over CHY100m (USD16m). The site, which includes HomeAway and Ctrip as investors, said that it now listed more than 80,000 places for rent in China and abroad. In an interview with Bloomberg, Justin Luo, founder and CEO, said: [...]
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    Top10.com looks to Europe

    Top10.com has raised USD8m in its latest funding round, bringing its total funding raised to USD12.5m. The UK-based metasearch site, which launched its current hotel-focused product last year, said that it would use the money raised to expand in Europe.  The Series B funding round was led by Balderton Capital, with participation from existing investors [...]
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    Orbitz buys Travelocity loyalty unit

    Orbitz Worldwide has acquired “certain assets and contracts” from Travelocity’s affiliate network, the Travelocity Partner Network, for an undisclosed fee. The assets provide private label travel technology solutions for bank loyalty programmes and online commerce sites and will be integrated into the Orbitz Partner Network. Ronnie Gurion, president of Orbitz Partner Network, said: “The acquisition [...]
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    Accor commits to distribution

    Sébastien Bazin, Accor’s newly-installed chairman & CEO, told analysts that he was prepared to invest more than the EUR120m previously announced to improve the company’s distribution. Bazin later told delegates at the International Hotel Investment Forum in Berlin that the company would consider partnerships with companies such as Google if necessary. Bazin’s predecessor, Dennis Hennequin, [...]