Issue 41: 17th November 2015

    0

    Expedia buys HomeAway

    Expedia, Inc. is to buy holiday rental platform HomeAway for USD3.9bn in cash and shares. The deal builds on the relationship between the two, formed in 2013 when HomeAway started listing with the Expedia brand. “We have long had our eyes on the fast growing ~USD100bn alternative accommodations space and have been building on our [...]
    0

    Priceline and TripAdvisor stumble

    The Priceline Group and TripAdvisor both saw their share prices fall following their earnings announcements. At The Priceline Group the company said that it expected domestic bookings to fall, while TripAdvisor missed expectations as it admitted its move to being a booking engine was “still in the early days.” The Priceline Group saw shares drop [...]
    0

    Marriott, Meliá up rewards ante

    Marriott International and Meliá Hotels International have both announced new features to their rewards programmes. The news came as a study revealed that consumers were looking for value and clarity in such programmes. Marriott International has added four new facets to its rewards programme, with customers now able to combine cash and points to book [...]
    0

    Choice cheery on SkyTouch

    Choice Hotels International told investors that it was “in deep discussions” with several “larger brand companies” over its SkyTouch marketing and distribution business. The group said that it expected to begin turning the division “into a positive investment” as more hotels signed up to the product. SkyTouch has now signed agreements with nearly 200 hotels [...]
    0

    Airbnb gets political

    Airbnb has announced plans to launch a number of home-sharing clubs which will enable hosts to campaign more effectively against legislation to restrict sharing. The news came after voters in San Francisco defeated plans to limit short-term vacation rentals, in what Airbnb called “a victory for the middle class”. San Francisco’s Proposition F would have [...]