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Booking Holdings makes major pivot toward merchant hotel bookings
11/06/2018|3:41:41 PM|
Booking Holdings is pivoting to emphasize the prepaid hotel model that its Booking.com unit basically spurned for most of its history. This means better cash flow and higher commissions.
Luxury Conversation: Chinese Millennials traveling with young children
10/29/2018|5:28:21 PM|
‘Child-friendly activities’ was the top choice of our respondents in impacting their travel choice.
Booking unveils host tools as short-term rental rivals address their weaknesses
11/01/2018|2:38:49 PM|
Booking.com’s new tools for professional vacation rental managers highlight how each of the main competitors is tackling the market from different angles, which will eventually lead to a ton of convergence.
BA parent IAG buys 4.61% stake in Norwegian, looks to a potential takeover
04/13/2018|6:20:11 PM|
Norwegian has endured its fair share of struggles in recent years and reported an annual loss of nearly $38.5 million for 2017.
Hainan Airlines to purchase hotel, aviation assets from parent HNA Group
04/11/2018|1:33:43 PM|
Overseas assets would account for 48 to 65 per cent of all outlays involved in this overhaul, said Hainan Airlines, adding that it would need to consult and discuss with multiple overseas regulators.
B2B travel platform Octopus scoops $95 million, backed by Alipay’s parent
04/09/2018|1:00:44 PM|
Alipay parent company Ant Financial and CCB International are new investors, and both will participate in Octopus’s new S2B initiative.
Airbnb counting on a blend of autonomy + global innovation in China
09/30/2018|9:28:28 PM|
Airbnb is relying on razor-sharp product development backed by over 100 Chinese specialists and quality assessment of its listings to strengthen its operations in China, according to Airbnb’s Nathan Blecharczyk. The team has also interacted with China’s design community, meeting specialists from Didi Chuxing, Baidu etc. in the past year or so.
LCC Spring Airlines buys into China Southern
09/29/2018|10:25:57 AM|
The low-cost carrier said that it would spend 846 million yuan ($123 million) to acquire 1.63% of China Southern's A-share nonpublic offering, making it the fifth largest shareholder in the airline.
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