Airbnb profitable as of 2H 2016, no plans for IPO Airbnb turned profitable in the second half of 2016 and anticipates that it will be profitable in 2017 on an EBITDA basis. The company has raised another financing round of more than $1 billion,bringing the totoal to $3 billion since it was founded in 2008. Source: Hotel Marketing Airbnb profitable as of 2H 2016, no plans for IPO
TMCs reiterate travel reduction to U.S. in response to travel ban Forty-four percent of 125 travel managers responding to the ACTE survey said the provisions of the new executive order would cause travel difficulties for their companies, with 6 percent of those citing “significant” difficulties. Source: Hotel Marketing TMCs reiterate travel reduction to U.S. in response to travel ban
Expedia is wrong: a better direct price does make money for the hotel Expedia has stated on many occasions that the recent movement of large hotel chains offering the best direct price is detrimental to the hoteliers themselves. Hotel marketing agency Mirai does not share this vision and here is why. Source: Hotel Marketing Expedia is wrong: a better direct price does make money for the hotel
Mobile search for hotels reaches record high levels Mobile searches for budget hotels outweigh those for luxury properties – but the latter is growing fast. This is one of a number of findings from a huge study by Sojern, using both its own data and that from Google. Source: Hotel Marketing Mobile search for hotels reaches record high levels