Having more brands when cheap money is chasing real estate is good for Accor, but may not be for its hotel owners.
Following a series of acquisitions, Holiday Extras is now valued at more than £100 million.
52 percent of bookings are expected to occur through their websites, mobile applications, and other airline-owned platforms by 2021.
In 2018, the global tourism industry was worth $1.7 trillion. Europe’s combined tourist spending dominates at $570 billion.
MakeMyTrip will have to pare back an operating loss of nearly $43 million in a matter of three to four quarters.
The deal comes a year after Yanolja invested USD 15 million in Zen Rooms, with the right to fully acquire the latter in the future.
Sabre expects Radixx will generate about $20 million of revenue in 2019.
There are still well-documented bumps on the road to quality and branding in alternative accommodation.
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