Latest HA D&T Perspective
Amadeus makes German corporate buy
Amadeus is to acquire a majority stake in i:FAO, a corporate travel IT company, which gives the group an enterprise value of EUR67.2m.
The deal will increase Amadeus’s holding in the lucrative corporate travel market, the latest deal for Amadeus since its decision to split its business into GDS and IT solutions.
Tuniu plans US IPO
Tuniu, the China-based online travel agent, is planning to raise a rumoured USD120m through an IPO in the US.
The group, which focuses on the leisure market, is the latest to take advantage of the rising public markets to capitalise on expected growth in China’s tourism sector.
Groupon highlights hotels
Groupon has added a ‘hotels’ tab to its mobile app as it looks to drive its room booking business.
The news came as the group launched its first TV ad in the US since 2011, showing people using the Groupon mobile app, as it seeks to compete in the current mobile-driven climate.
Priceline changes name
Priceline.com has announced that it has changed its name to The Priceline Group.
Priceline said the name switch was intended to create a clear distinction between the global Priceline Group business, and Priceline Group's North American travel brand Priceline.com. The move came as the company has increased its energies on growing its Booking.com business.
Hot Hotels eyes Latin America
Hot Hotels, the Spain-based last-minute hotel-booking app, has announced an undisclosed level of additional funding from investor Axon Partners Group, bringing total investment to over USD1m.
The company said that it would use the money to develop and expand throughout Latin America, a market in which it said Axon had “vast expertise and knowledge”. It also plans to continue to increase its customer base in Europe, with an aim, it said “to consolidate Hot Hotels’ leadership in the European mobile-only, same-day hotel booking market”.
Europe’s online travel industry to discuss 2014-15’s biggest industry trends in London
On May 22, London will see senior executives from some of the biggest online travel suppliers, intermediaries and technology providers making their way to EyeforTravel’s Travel Distribution Summit, held at the Novotel West London over two days (May 22-23). The speaker line-up for the 2 day summit includes a stellar line-up of over 80 speakers from brands that cover the who’s who in travel, including TripAdvisor, Expedia, Skyscanner, Google, Facebook, Ryanair, Malaysia Airlines, Best Western, Marriott Hotels, Fairmont Raffles and more. The summit consists of four separate tracks that cover travel distribution & innovation, revenue management & analytics, marketing & social media and Mobile.
HADT Easter break
Hotel Analyst Distribution & Technology will be taking an Easter break and will return on 5 May. We wish you all a relaxing holiday.