Ctrip crashes travel start-ups in China In China, dozens of online travel start-ups have failed or are inching toward collapse, sending blows to venture capitalists who have bet hundreds of millions of U.S. dollars in the online travel sector bubble. Source: Hotel Marketing Ctrip crashes travel start-ups in China
Brexit seen benefiting UK tourism as travelers seek value The pound’s drop to its lowest valuation in decades following the United Kingdom’s decision to leave the European Union is already affecting international travel plans. Source: Hotel Marketing Brexit seen benefiting UK tourism as travelers seek value
Cornell analysis predicts likely boost for hotel profits Although the U.S. recovery from the Great Recession has been slow and uneven, unemployment has gradually dropped, and both inflation and labor costs will likely start increasing. Source: Hotel Marketing Cornell analysis predicts likely boost for hotel profits
OTAs are for hotel research, brand sites for booking As more and more hotel groups offer discounts for booking directly, the old misconception that third parties always offer lower prices for hotel rooms simply doesn’t hold true anymore. Source: Hotel Marketing OTAs are for hotel research, brand sites for booking