Expedia, Inc. announced today that it has entered into an agreement with AirAsia Berhad to purchase an additional 25% equity interest of AAE Travel Pte. Ltd.
News this week that Expedia has bought rival Orbitz signals a fundamental shift in the world of online travel agencies.
The number of Chinese who feel positive about social media has dropped by 12.1 percentage points from last year to 64.7%.
Qunar will undercut competitors by at least 10% in all their hotel prices via cash-back promotions, adopting a new slogan “one cent hotel”.
Expedia will dish out $115 million to Orbitz in the event that the deal falls through due to regulatory issues.
Great quality content on travel websites speaks to people: it’s inspiring, it’s relevant and it’s bookable.
Baidu CEO Robin Li and CFO Jennifer Li expressed a positive outlook for its Uber partnership in its February 12 phone conference.
While emerging markets are taking a bit of a beating as far as growth, the expectations on the travel side of things remain healthy.