Priceline CEO Glenn D. Fogel believes that price is still incredibly important in China's OTA market. The key of setting up a brand in China is to understand ecosystems – Baidu, Alibaba and Tencent.
Ctrip’s globalization should focus on its supply chain, brand and innovative research and development, chairman James Jianzhang Liang said.
Airbnb China’s vice president and public policy head Li An said that the firm will continue to focus on C2C model and emphasize quality rather than quantity in property listings.
Indonesian ecommerce site Blibli acquires OTA Tiket as a popular ticket booking site that offers flights, train tickets, hotels, car rentals, and concert tickets.
The UK Rentivo buys fellow vacation rental tech provider Klik.Villas to to expand into a new geographic market and to shift into the luxury end of the sector.
Danish Gaest has acquired its Swedish competitor Bokarum, which makes the meeting marketplace sector consolidate. The global MICE market is estimated to be worth in the region of $400 billion.
Competition from local rivals is a key problem for Airbnb as it tries to pull off what Uber spent more than USD 2 billion failing to do: cracking the China market.
Airbnb claims 40% of listings can be booked instantly now. Instant Book gives hosts convenience and control, more guest interest and can increase bookings; it also gives guests flexibility and confidence.