India, China and Indonesia have the most digitally dependent travellers, according to a recently-released “Digital Traveller” report by Travelport.
France’s official limit on short-term rentals of 120 days a year for a main residence, and the decision goes into effect in January. Paris is Airbnb’s biggest single market, with 65,000 homes.
As tech’s effect on consumer behavior continues to evolve, so must companies' operational strategies. Customers’ rising expectations should be met at every point of the purchase journey.
CEOs of Priceline and Expedia emphasize the importance of alternative accommodations, global growth and hotels. Investing in Ctrip and Meituan-Dianping also shows Priceline looks highly of China.
LoveJourney, a Hangzhou-based online platform offering tailor-made wedding travels, has received tens of millions of yuan, which will be used on international content standardization and business development.
Airbnb first became profitable during the second half of 2016. Airbnb Chief Executive Officer Brian Chesky has said his company would be ready to file for an IPO next year.
International tourist arrivals in July and August totalled over 300 million for the first time ever, and the international tourism expenditure grew fastest in China (+19%), according to UNWTO.
Analysts agree that Amazon’s repeated attempts in the travel space have never born fruit and scaling up comparable inventory would be a long, slow road.