The Priceline Group’s purchase of Momondo for USD 550 million represents the newly appointed Glenn Fogel’s opening strategic move since becoming CEO in January of this year.
At a time when other global hotel companies are adding new brands, InterContinental Hotels Group is focused on working with the brands it already has.
Chinese travelers will make more than 5 billion trips in 2017 and spend over RMB 5 trillion (USD 727 billion) in the year, projected CNTA.
InterContinental Hotels Group‘s 2016 financials show that bookings via its direct channels are up 5% year-on-year.
China's air passenger trips rose 11.8% YoY to 487.8 million in 2016, according to data from the Civil Aviation Administration of China (CAAC).
Departure Lounge, a non-traditional travel agency, is an upscale meeting place that hosts corporate happy hours, wedding receptions and memorial gatherings.
The European Union is preparing activities for the forthcoming EU-China Tourism Year. The decision to christen Europe as the first partner destination for the ITB China event is such initiative.
Experiences will become a selling factor for hotels and new easy-to-adopt technology will emerge and hotels will embrace it quicker in 2017.