My thoughts are with you, your loved ones, friends, clients, partners – around the world. This is a strange time, travel has stopped and thus bookings. My sites DNA Hotels and charmhotelsweb however will continue to showcase exceptional hotels – to inspire and offer some kind of escape. These times also call for reflection andMeer lezen over “A time to reflect”
Bookings Holdings reported a 4% increase in revenue to US$15.1 billion for 2019, but the travel giant is expecting a “significant and negative impact” for the first quarter of 2020 due to the COVID-19 coronavirus
Oyo is learning that lightspeed growth is fraught with peril. The Indian budget hotel startup might be tapping the brakes on meteoric expansion plans to focus on profitability, better serving its main funding source, SoftBank and its suffering Vision Fund, and better prepare for an anticipated IPO. Another SoftBank-funded unicorn, shared-workspaces provider WeWork, recently aborted its planned IPO amid losses and criticism of management.
Some 40 companies and trade bodies in nine EU countries, Switzerland and the United States, including eDreams Odigeo, Expedia and Tripadvisor, have accused Google of favoring its own vacation rental service on its search engine.
According to marketwatch.com, the global online travel market is expected to grow from US$ 570.25 billion in 2017 to US$ 1.134.55 billion by 2023, at a compound annual growth rate of 13.16% during the forecast period. That is quite some $$$ we are looking at. OTA stands for: Online Travel Agent. Their websites allow consumersMeer lezen over “Why OTA’s are not good for you”
Russia’s Federal Anti-monopoly Service (FAS) has opened an investigation into hotel reservation website Booking.com.
Independent hotels are disappearing as chains grow.
AccorHotels and Alibaba corporation
The following article appeared on Tambourine earlier. bookhotels.direct offers the same functionality as the metasearch engines, but without the competition of the OTA’s (why compete when the best rate can be found on your website?) and without the knowledge of SEO Marketing and PPC (bookhotels.direct works on a simple, pay-only-for-results at a commission of 10%).
Online travel agencies (OTAs) are the original digital disruptors — first-generation internet businesses that identified an unmet customer need and created digital destinations that became the first stop for prospective travelers. Yet the very thing that gave rise to OTAs — the ability to aggregate digitized data to create economical, do-it-yourself travel planning — now threatens to be their undoing. As with most erstwhile digital upstarts and once-transformative business models, OTAs must disrupt again or risk being disrupted.