Ctrip nabs another billion from Priceline and other investors Priceline and an unnamed long-term equity firm have each agreed to invest $500 million in the Chinese company via convertible bonds, totalling $1 billion. Once completed, Priceline could own as much as 15% of Ctrip. Source: Hotel Marketing Ctrip nabs another billion from Priceline and other investors
TUI Group likely to sell its Hotelbeds unit Hotelbeds has closed another successful fiscal year, with total transaction value growing by €700m or 20% in 2015. TUI also announced, that Hotelbeds continues to be the subject of a strategic review, with the likley outcome of sale process. Source: Hotel Marketing TUI Group likely to sell its Hotelbeds unit
Study finds racial discrimination by Airbnb hosts Renters with names that sounded African American had a harder time booking reservations on the site than those who had white-sounding names, according to the study. Source: Hotel Marketing Study finds racial discrimination by Airbnb hosts
Hotel check-out times may become a thing of the past A growing number of hotels are getting rid of traditional check-in and check-out times in order to cater to today’s traveler. Flexible check-in is not only a dream for business travelers, but another amenity to successfully compete with Airbnb. Source: Hotel Marketing Hotel check-out times may become a thing of the past