HNA's planned acquisitions of London-based International Currency Exchange for about 200 million pounds and a mandatory tender offer to buy a large stake in a Swedish hotel group hit hurdles.
Australian travel group Webjet announces to acquire UK hotels and inbound tourism provider JacTravel. WebBeds, the B2B platform of Webjet, will become the second largest B2B travel platform worldwide.
Gross bookings will increase from $12 billion in 2015 to $27 billion in 2020 for the online tours & activities market, Phocuswright predicted.
Sabre is to cut around 900 of its 10,000 workforce, including certain open positions. The company reported net loss attributable to common stockholders of USD 6.5 million in the second quarter of 2017.
Ctrip teamed up with Chinese language testing service provider CTI to promote inbound tourism for China.
Millennials, which is now the biggest group of business travelers, would rather take the luxury room at a deeper discount than take the cheapest room, according to mobile travel app HotelTonight.
Alibaba is taking Alipay to several international markets as it expands its e-commerce operations abroad and also pursues the payment market for outbound Chinese tourists.
Statistics show that the average conversion rate for direct bookings is about 1% and about 99% of users don’t make their bookings on their first visit to the hotel’s website.