OTAs must do more to capture consumer attention earlier in the travel purchase decision funnel, says new research by Millward Brown.
Checkfront has raised $800,000 has ended five years of self-funding since launch with a first capital-raising effort.
TripAdvisor is embarking on a major strategy to woo providers of tours and activities to the platform, with promises of direct sales to consumers.
It’s not often that hotels have something to celebrate when it comes to the sharing economy, but a recent survey of Millennials placed Airbnb dead last as a preferred accommodation type.
Ctrip.com International reported better-than-expected fourth-quarter and predicted its best revenue growth in years, sending its stock higher in after-hours trading.
Ctrip.com rallied the most in two years after it forecast an increase in first-quarter sales that exceeded analysts’ estimates.
Ctrip’s 2014 earning call reveals a business which is growing not only its revenues but also the number of travel verticals and which aims for a 30% share by 2020.
Ctrip is optimistic that the team is all set to penetrate the low-end market, combating similar focus of its competitors.