Issue 8

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    Gogobot gets funding for social travel

    Gogobot, the social travel site, has announced US$15m of funding from a group led by Redpoint Ventures, which it will use to expand its global footprint. The website is seeking to leverage the influence of friends when making travel arrangements, with the hope that they will build a network of trusted reviews which will then [...]
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    IHG backs mobile

    InterContinental Hotels Group has rolled out mobile applications for BlackBerry, Android, iPhone and Windows Phone. The group hopes to drive increasing volumes of bookings from the growing number of consumers using mobile devices, as the sector considers expansion into this potential source of last-minute bookings and enhanced relationships. At IHG, growth in the mobile market [...]
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    Groupon IPO gives hope to tech travel sector

    Groupon last week raised $700m after increasing the size of its IPO from between $16 and $18 to $20 for a share in just over 5% of the group, valuing the company as a whole at $12.8bn. After surging up to high of $31.14, the shares fell back to close their first day at $26.11. [...]
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    TravelShark extends its waters

    TravelShark has announced further expansion, with the addition of 80 new websites, including BeijingHotels.com, SingaporeHotels.com, BangkokHotels.com and KualaLumpurHotels.com. The company currently has 12,000 websites in 125 countries, including more than 4,500 in Europe and is looking to build its business through attracting customers using a location-based approach rather than territory-crossing mega-brands. In June the company, [...]
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    Orbitz sees eBookers resurgence

    Orbitz Worldwide reported better-than-expected quarterly results, supported by increases in hotel revenue. The results mark growth not only for the parent company, but particularly for its eBookers brand, which, prior to joining Orbitz in 2006, led the European online travel agency market. Barney Harford, CEO of Orbitz Worldwide, said: “eBookers in Europe continued to generate [...]