GBT CEO Doug Anderson said the company had a “very active [mergers and acquisitions] pipeline”, with 15 potential deals in the works.
The subscription economy works because they’re betting on people not using it that much. If the utilization is very high, that will affect their margins.
Roto Travel will use the proceeds to consolidate existing business and establish a travel content portal and community by pooling together travel resources and travel photography KOLs.
Airbnb’s disruptive power stems from its ability to identify and meet evolving customer needs, not its technology.
The firm generates revenue through ad placements — making it reliant on users clicking on reviews — and earns commissions from hotel bookings and other orders.
Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.
Total revenues were $3.9 billion, a 9% increase from the prior year while net income was in line with the prior year at $979 million.
Ctrip has pledged to allocate its online platforms and media connections to promote Sicilian tourism destinations and unique local experiences to the Chinese high-end outbound tourism market.