Issue 41: 3rd August 2012

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    Reputation manager secures USD14.5m

    Reputation management product Revinate has raised USD14.5m in a series A round of funding, from Benchmark Capital and Formation 8. The funding is a sign of confidence in the product, which describes itself as “the ultimate social media solution for hotels” and indicates how important reputation management is to the hotel sector. The company said [...]
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    Ctrip squeezed as competition grows

    Ctrip reported a 55% fall in net profits “due to the intensified investments in product development and marketing campaigns” for the second quarter. The company said that it was pursuing an increase in consumers and in particular in online transactions, at a time when it had also seen an increase in competition. Net revenues were [...]
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    Tripadvisor drops after results

    TripAdvisor saw its share price drop by 18% after releasing its second quarter results, as the market baulked on evidence of an international slowdown and rising costs. The company, which has only been listed separately from former parent Expedia since December, sought to reassure investors with the news that the end of the second quarter [...]
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    Expedia to blur agency with merchant

    Expedia has raised its full-year Ebitda growth forecast after reporting better-than-expected second-quarter results. The company announced that it had been integrating its agency hotel product into its core merchant offering, as part of attempts to diversify itself. The group is facing increased competition from brands such as Booking.com, in particular in territories such as Europe. [...]
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    IHG ‘infringed competition law’

      The UK’s Office of Fair Trading has accused Expedia, Booking.com and InterContinental Hotels Group of infringing competition law. The organisation made the accusation in relation to the online supply of room-only hotel accommodation by online travel agents. The OFT issued a Statement of Objections detailing the preliminary findings from its investigation into the hotel [...]