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Hotel monitor 2020 forecasts modest rate rises in the world’s key business centres

Hotel monitor 2020 forecasts modest rate rises in the world’s key business centres

Despite the added capacity, the sustained demand in Asia Pacific means rates are likely to increase. For example, Bangalore and Tokyo will see rates increase by 5% and 4%, respectively.

08/02/2019|5:33:31 PM|Hotel News Resource
Rotterdam-based personalized travel booking engine Vakanties.nl raises €5 million

Rotterdam-based personalized travel booking engine Vakanties.nl raises €5 million

Vakanties.nl will use the investment to develop a non-linear chatbot, and hopes to serve 50,000 travellers next year.

07/31/2019|12:00:39 PM|EU-Startups
MakeMyTrip narrows operating losses after growth across air, hotels and bus divisions

MakeMyTrip narrows operating losses after growth across air, hotels and bus divisions

MakeMyTrip reported gross bookings up 24% to $1.7 billion for the quarter ended June 30, 2019, and adjusted revenue up 21% to $198.5 million.

07/31/2019|11:30:15 AM|PhocusWire
Marriott’s Alibaba joint venture in China is part of its direct-booking strategy

Marriott’s Alibaba joint venture in China is part of its direct-booking strategy

Marriott could do a lot worse than tying its fortunes in China to the e-commerce juggernaut Alibaba.

07/30/2019|6:29:24 PM|Skift
Foreign hotels open to diversifying distribution mix in China

Foreign hotels open to diversifying distribution mix in China

Mini programs on Taobao, shopping links on Douyin…the new developments exemplify how exciting is China's ever-evolving e-commerce. And foreign hotel companies are increasingly trying to be a part of that.

07/30/2019|6:13:44 PM|ChinaTravelNews
Certify, Inc./Chrome River acquires Emburse to revolutionize expense and card solutions

Certify, Inc./Chrome River acquires Emburse to revolutionize expense and card solutions

Emburse has processed hundreds of millions of dollars of company spend over tens of thousands of credit cards, while doubling revenue every year.

07/30/2019|3:53:00 PM|Yahoo Finance
Ctrip teams up with Air China to launch mixed payment for flight tickets

Ctrip teams up with Air China to launch mixed payment for flight tickets

More users are using mileage and cash mixed payment for Air China’s domestic flight tickets since Ctrip and Air China launched the unprecedented arrangement in May.

07/30/2019|1:34:11 PM|ChinaTravelNews
Traveloka is in talks to raise USD 500 million new funding

Traveloka is in talks to raise USD 500 million new funding

This new investment could value Traveloka at USD 4.5 billion, according to the report. The company is said to utilize the fresh funds to expand its services in the region.

07/30/2019|11:38:29 AM|KrAsia
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