Issue 17: 11th May 2015

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    Booking.com eyes corporate market

    Booking.com has launched a product targeting small businesses without managed travel programmes. Booking.com for Business launched as Expedia commented that that it was looking for acquisitions in corporate travel, as it looked to grow in the sector. Booking.com for Business allows users to link travellers to the company account or book on their behalf, with [...]
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    IHG launch partner for Amadeus

    InterContinental Hotels Group will be the launch partner for Amadeus’s new Guest Reservations System, a cloud-based community model due in 2017. The pair said that the new system would “revolutionise the technological foundations of the global hospitality industry”, with greater flexibility and functionality for hoteliers. Amadeus said that the system would be similar to that [...]
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    Expedia looks to corporate travel

    Expedia said that it was looking for acquisitions in corporate travel, as it plans growth in the sector. The news came as the group maintained its earnings target for the year and saw its portfolio growth accelerate. Dara Khosrowshahi, president & CEO, said: “We definitely want to get bigger in the corporate travel segment, and [...]
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    Zomato’s post-funding M&A spree

    Zomato, the India-based restaurant services company, has acquired two companies after completing a USD50m funding round. The group has bought US-based NexTable and MaplePOS both for undisclosed fees, helping it to, it said, “own the communication layer between restaurant businesses and customers”. The latest round was led by InfoEdge (India), which held 50.1% stake in [...]
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    Suppliers losing influence on travellers

    The travel sector is losing influence over consumers’ buying decisions, according to a study by Deloitte. The report found that review and price comparison sites were driving choice and called on suppliers to “create a recommendation culture” to try and counter this. Deloitte’s Travel Consumer 2015 report analysed data from a survey of 40,000 holidaymakers [...]