Issue 15: 27th April 2015

    0

    Accor on digital M&A trail

    Accor has acquired Fastbooking for an undisclosed fee, with the SaaS company continuing to operate independently. The operator said the deal would see it accelerate its digital strategy and “broaden the range of services that Accor can offer to its hotels”. Accor would not be drawn on the price paid for Fastbooking, but commented to [...]
    0

    Google ‘in the firing line’

    The European Commission has officially announced a Statement of Objections against Google on its comparison shopping service. The search engine said that it would fight the accusations, but is thought likely to lose, raising the question of what the future of search holds and which will be quickest to adapt to any changes; hotels or [...]
    0

    Travelzoo drops as costs rise

    Travelzoo reported a 9% fall in first quarter revenue on the year and said that it had increased spending on products and member acquisition. The company said that it would increase spending on marketing and expected the year-on-year falls in revenue “to persist”. Travelzoo said that it remained committed to its strategy of growing its [...]
    0

    China remains growth target

    China’s economic slowdown could mean growth for its online travel agents, according to Ctrip’s CEO James Liang. The comments came as the sector continued to focus hopes of future growth on the country, with shares in the country’s OTAs rallying and Hainin Airlines planing to raise USD3.8bn through a private offering. Liang told CNBC that [...]
    0

    Airbnb asks to pay tax

    Airbnb has written to the New York State Legislature protesting that it would like to collect taxes on behalf of Airbnb hosts and guests but that the law does not allow it to do so. The company has been working with a number of different jurisdictions in recent months to collect more tax as it [...]