Issue 24: 30th June 2014

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    China’s Airbnb secures USD100m

    Tujia, the Airbnb-style home rental website based in China, has announced USD100m in third-round funding. The company said that it would use the funds to expand in its domestic market as well as overseas. Two previous rounds of funding saw the group raise a total of USD64.2m. Seven existing investors participated in the new round [...]
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    TripAdvisor trials Q&A forum

    TripAdvisor is reported to be trialing a Q&A function which will connect consumers directly to hotels. The product is expected to build on recent efforts by the company to work more closely the the  hotel community. The new function will allow consumers to ask the hotel a question prior to booking, with the question visible [...]
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    eDreams expands despite loss

    eDreams Odigeo, which floated earlier this year on the Spanish stock exchange, saw its share price fall by almost a third after posting a loss in its full-year results. The group also announced plans to pursue its expansion, launching a website in Russia which it claims will give it a presence across five continents. The [...]
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    Six Degrees of Marriott

    Marriott International is reported to be planning to create further opportunities for guests to network with each other with a new app called Six Degrees Although still in development, this purportedly allows guests to connect through LinkedIn with other guests staying at the same hotel. The move is reminiscent of KLM’s Meet and Seat social [...]
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    Oracle makes hospitality move

    Oracle has announced that it will buy Micros Systems for USD5.3bn, the latest deal in a busy season for the technology sector. Micros offers a range of Property Management System and Point Of Sale software, hardware and cloud solutions to hotels, significantly increasing Oracle’s role in the hospitality sector. Micros’s systems are in use across [...]