The reality is that all forms of accommodation will soon be available via both traditional OTAs and new platforms like Airbnb.
Transaction volume skyrocketed from around $5 trillion in 2016 to nearly $16 trillion by the first quarter of 2018, according to Analysys data cited in a Hillhouse Capital report.
In the past year, Ctrip has made many efforts in innovation like high-speed rail tours, package services, and opened thousands of online and offline stores.
Loyalty connection between Kayak and OpenTable hints at a future where all of Booking Holdings’ six brands are presented to consumers as a comprehensive, consolidated platform.
Booking Holdings' China investments complicate the landscape as the companies it has invested in are in many ways direct competitors of Booking Holdings and its units.
“The rumor of Airbnb looking to acquire HotelTonight either signals a meaningful shift to offer traditional hotels, or acquire the IT behind the HotelTonight platform,” said a senior equity analyst at Morningstar.
The expected turnaround from net loss to net profit of the group was mainly due to the strong performance of the group’s business operation.
From January 21 to March 1, total trips are expected to rise 0.6% compared with the travel rush last year, with an 8.3% increase in railway trips and 12% hike in air trips.