The company says it helps its corporate clients save an average of $208 per business trip.
Travelzoo announced revenue of USD 30.9 million and operating profit of USD 3.7 million in Q1 2018. "Revenue growth accelerated in all three regions, leading to much stronger earnings," said Travelzoo CEO.
After establishing a global partnership with Agoda, China's largest online house-sharing marketplace Xiaozhu announced a strategic partnership with Fliggy, the travel brand under Alibaba on April 24.
The OTA will work with the supersonic airplane developer to halve flight times from China to the United States, South Asia, and Oceania.
Total revenue slightly decreased to €259.4 million in the first quarter of 2018; net loss was €21.8 million; selling and marketing expense was 99% of revenues.
Unlike traditional OTAs, Culture Trip’s new online travel service will leverage the brand’s inspirational stories and utility content, powered by contributors in more than 300 locations.
China was the most important source market for tourist spending in 2017, according to preliminary data published by the United Nations World Tourism Organization (UNWTO) on Tuesday.
Bokun offers exceptional value in the market. It currently offers subscriptions for €100 per month, versus the industry standard of 5%-6% taken on online bookings.