Amazon’s entry into Australia isn’t just forcing traditional retailers to take stock of their future with two of Australia’s e-commerce pioneers, Catch Group and Lux Group, coming together to fortify their respective positions.
Travel, like every industry, is dominated by giants but there are “good seeds” of innovation happening and it’s just a matter of time to pick the next big travel bet, says Jenny Wu of Baidu Capital.
Dalian Yueban Travel has announced that it will acquire full ownership of Vancouver-based Star East Travel and Liaoning-based Beiguo International Travel for a total of RMB 13.18 million.
Many Western companies have found China to be a difficult market to crack, and home-sharing giant Airbnb is no exception.
In the UK at least, 56% of holiday rental dates go unsold due to the complexity required to manage the various listings.
“As for localization in China,it’s more about re-invention. There are so many things which are very interestingly either better or different in China,” said Pepijn Rijvers, CMO of Booking.com.
Airbnb confirms that weekly Experience guests have grown by 20% since January 2017. It is receiving upwards of 1,200 requests a week from hosts for new Experiences.
Travel technology startups have raised $15 billion since 2013 across 1,300 deals, yet the climate for investment is changing.