Duetto's Michael thought hotels should avoid acquiring guests by sacrificing prices and recognize the need for balanced distribution.
A decade from now, revenue passenger miles are forecasted to grow by 30% by 2027, the number of aircraft in operation is likely to grow by the same factor, and airlines will have to become sophisticated retailers.
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.
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.
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.
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.
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.
TripAdvisor has rolled out shopping discounts exclusively for Chinese tourists traveling abroad, which increased by 20% on the year.
