What people are looking for is a 24/7 travel agent online that anticipates all of their needs and likes. Consumers are leaning in to businesses that offer this to them.
Expedia’s Mark Okerstrom counters that his company has a single-digit share of a $1.6 trillion market, and he’s going wide and deep to pick up more.
Both solutions enable owners to set limitations on short-term rentals in their buildings, such as limiting the number of total rental nights per year, and both collect data on guest information and reservation details.
The Barometer indicates business travel growth in, and around, tier two and tier three cities a key growth area.
Gross bookings increased $2.5 billion year-over-year to $24.7 billion. Revenue increased 10% year over-year to $3.3 billion.
For the quarter ended September 30 room nights for increased 21.8% YoY, air ticketing segments increased by 29.5% YoY, and bus ticketing increased by 53.3%.
The company says it will invest $100 million in Indonesia as it expands its operations to the country’s top 35 cities over the next 15 months.
Mafengwo is reported to be closing its latest round of financing led by Tencent, and the company is to reach a post-money valuation of $2 billion, according to 36Kr.