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MakeMyTrip revenue increases 54.6% in 1Q 2018

MakeMyTrip revenue increases 54.6% in 1Q 2018

For the first fiscal quarter ended June 30, 2017, revenue increased 54.6% YoY in 1Q18 to $192.1 million; revenue from hotels and packages business increased by 40.8% (37.3% in constant currency) to $134.6 million.

08/09/2017|8:07:51 PM|MakeMyTrip
Priceline posts 16% rise in gross travel bookings in Q2 2017

Priceline posts 16% rise in gross travel bookings in Q2 2017

Priceline Group reported gross travel bookings growth of 16% to $20.8 in the second quarter of 2017. Gross profit grew 21% to $ 3.0 billion and net income rose 24% to $720 million.

08/09/2017|5:19:33 AM|Priceline
Tujia grows house-sharing by triple digits in a year

Tujia grows house-sharing by triple digits in a year

Tujia held a meeting with analysts and investors last week, it said at the meeting that in June this year business was 350% ahead of the same month in 2016.

08/02/2017|4:24:47 PM|Tnooz
Sabre revenue rises 6.6% to $900.7 million in Q2 2017

Sabre revenue rises 6.6% to $900.7 million in Q2 2017

Sabre reiterated its full-year 2017 guidance in the second-quarter report of 2017. Revenue rose 6.6% to USD 900.7 million in the quarter.

08/01/2017|8:38:00 PM|Sabre
U.S. hotels bank on loyalty programs in push for direct booking

U.S. hotels bank on loyalty programs in push for direct booking

U.S hotels have heavily promoted the linkage between loyalty rewards and direct bookings. Wyndham more than tripled its share of direct bookings to 9.61 percent, and Marriott had the industry's biggest share of direct bookings, at 26.21 percent in May 2017.

07/20/2017|5:01:40 PM|Reuters
TripAdvisor woos Chinese tourists with shopping discounts

TripAdvisor woos Chinese tourists with shopping discounts

TripAdvisor has rolled out shopping discounts exclusively for Chinese tourists traveling abroad, which increased by 20% on the year.

07/20/2017|3:31:20 PM|NikkeiAsianReview
DerbySoft prepares hotel distribution tech for Amazon, LinkedIn

DerbySoft prepares hotel distribution tech for Amazon, LinkedIn

“There’s no reason why LinkedIn, Amazon, eBay, Alibaba, and so forth won’t want to sell travel product either like online travel agencies that actually handle the bookings or via an advertisement model like Google uses today.”

07/19/2017|2:08:11 PM|Skift
Hyatt signs deal with Booking.com as hedge against Expedia impasse

Hyatt signs deal with Booking.com as hedge against Expedia impasse

As their contract expiration deadline looms, Hyatt and Expedia are maneuvering for position with Hyatt property owners. The new Hyatt-Booking.com agreement gives Hyatt some leverage but it likely wouldn’t fully make up all the ground if the chain goes completely dark on Expedia.

07/13/2017|6:45:03 PM|Skift
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