Do OTAs have the ‘house advantage?’ Or do travel advisers? Mega-OTAs like Booking.com and Expedia, as well as media giant TripAdvisor, have obvious advantages over smaller competitors, but their scale means their weaknesses are also amplified. Source: Hotel Marketing Do OTAs have the ‘house advantage?’ Or do travel advisers?
Business travel market set to reach .7 trillion by 2023 With the estimated increase in worth expected through 2023, the industry will register a growth rate of 4.1 per cent during 2017-2023. Source: Hotel Marketing Business travel market set to reach .7 trillion by 2023
Airbnb booked more than billion in third quarter revenue The home-sharing startup recognized “substantially more” than $1 billion in revenue in the third quarter, which makes it the company’s strongest quarter since it was established in 2008. Source: Hotel Marketing Airbnb booked more than billion in third quarter revenue
Beijing plans to open travel market to foreign-owned companies Beijing has moved to further open its vast and lucrative market to allow for more wholly foreign-owned companies to sell outbound travel products to Chinese consumers. Source: Hotel Marketing Beijing plans to open travel market to foreign-owned companies