Issue 49: 29th October 2012

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    AirBnB valuation looking heady

    Crowdsourced accommodation broker AirBnB is said to be close to attracting a further USD150m in funding to further its development. Terms of the deal, which Bloomberg reports are to involve Facebook investor Peter Thiel, would place a USD2.5bn valuation on the website, which brings together individuals with rooms to rent, and budget-conscious travellers. Should the [...]
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    Fairmont stays ahead of the game

    International hotel brand Fairmont has unveiled a substantial update to its digital presence, in the face of a more than 300% increase in tablet visits across its websites. The company’s redesigned website promises to be just the first phase in a multi-stage redesign of its digital presence that will include dedicated sites optimised for tablet [...]
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    IHG makes the most of mobile

    InterContinental is pushing ahead with its mobile presence, having breached the USD20m mark of mobile bookings a month. To further drive bookings, the company has recently added an iPad app for its Priority Rewards programme members to its existing mobile portfolio. IHG now boasts iPhone apps for each of its seven brands, and is looking [...]
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    Review reality a challenge

    The issue of fake reviews has remained in the headlines, with online review site Yelp now threatening to spot, name and shame fake reviews. But despite efforts to police the sector, research consultancy Gartner reckons fakes will account for up to 15% of online reviews by 2014. And a further study casts doubt on the [...]
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    French highlight OTA threat

    French hoteliers are building momentum in their battle against online travel agents. A petition calling for action now has more than 4.000 signatures from within the industry, as disgruntled hotel managers seek to bridle what they see as the all-powerful OTAs. The petition requests the European government intervenes to create a fairer system where the [...]