Issue 50: 2nd November 2012

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    OTAs battle it out for honours

    Recent results from leading OTAs have shown how alternative strategies are playing out in the form of notably different financial results. Expedia’s strong third quarter revenues, up 27%, are significantly ahead of the latest figures from Bookings parent Priceline, whose third quarter results saw revenues up 17.4%. Travelzoo, meanwhile, reported third quarter revenues down 8% [...]
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    IHG enters review space

    InterContinental Hotels has opted to launch its own guest review mechanism. The company’s Guest Reviews and Ratings system promises to deliver verified reviews across all the group’s seven brands, promising to provide guest feedback for website visitors to read as they book on IHG group sites. “We know that reviews play an important role in [...]
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    OTAs eye up potential of Russian market

    OTAs are stepping up their activities to grab market share as the potentially massive Russian consumer market starts to head online. Russian online agency Oktogo expects revenues in the market to treble next year, hitting more than USD100m, while St Petersburg agency Sinbad closed its off line operations in October, committing its business purely to [...]
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    Siteminder serves online booking growth

    Increased efforts by hoteliers to better adapt to the online booking environment are behind the substantial growth of Siteminder, a web based channel management tool. The Australian-based company, which started out in 2006 with an online distribution tool designed specifically for the accommodation sector, has been recognised in the country’s newly published BRW Fast 100 [...]
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    Yelp grabs Qype

    A new entrant has joined the mainstream of the online review battlefield, with local reviews site Yelp buying its largest European rival Qype, in a USD50m takeover. The cash and shares deal combines Qype’s database of two million reviews and 15 million unique visitors a month with Yelp’s existing 30 million reviews and 25 million [...]