Issue 45: 15th December 2014

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    RezNext secures funding

    India-based RezNext Global Solutions, the real-time hotel distribution company, has raised USD5m  in funding from venture capital firm New Enterprise Associates. The company said it would use the money for further expansion, looking at markets in Asia, Africa, and the Middle East. The company was launched in 2012 and, it said, “has grown quickly to [...]
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    TUI Travel continues gradual growth

    TUI Travel said that it had seen online channels rise by three percentage points to 38% of mainstream gross revenues, as part of its efforts to reach 50% by 2017. Next year will see the company roll out products including mobile and online check-in as part of plans to “enhance and strengthen” its relationship with [...]
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    Holiday rentals on the rise in UK

    HomeAway is celebrating the season of giving with a report on the economic impact of the holiday rentals sector in the UK. The study found that the total spend by holiday rental clients in the UK was over GBP4.35bn, with spending by self-catering tourists growing faster than that in any other accommodation category. The report, compiled [...]
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    Priceline to continue spending

    Priceline’s CEO told a conference in New York that the company was considering further acquisitions, after a busy year of M&A. The comments came as the company was downgraded by FBR amid concerns that it was seeing a slowdown in growth. CEO Darren Huston told The Wall Street Journal’s annual CEO Council meeting that the [...]
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    Qunar takes mobile battle to Ctrip

    Qunar is to focus its business on the mobile market, having seen revenues from mobile rise from 15.4% of total revenues to 40.4% of total revenues over the past year. The company said it would continue to shift its model away from meta-search and towards direct selling, describing itself as having “a very wide moat” [...]