Hilton posted a 7.6% RevPAR climb in Q4 from Asia Pacific as it benefited from addition of more hotels in China, while rival Marriott said its China RevPAR grew 9.1% in the quarter.
Almost 50% of hotel rooms will be unoccupied during Lunar New Year month.
Duetto has closed an $80 million Series D round in funding, the round was led by funds affiliated with private equity firm Warburg Pincus.
The B2B2C approach helps hotels to increase revenue and guest satisfaction, and make travelers spend more time in hotel.
China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
Hotel chains are making some inroads because hotel loyalty rates – whereby loyalty members get unique discounts for booking direct – are paying off after all.
Airbnb has been focused on expanding customer base and inventory; observers think its ambitions to become “a platform for the entire trip” will morph into a full-service OTA.
Traffic, devices, locations and rates are the four major factors that inpact hotel website conversion rates, but looking only at conversion rate solely can miss the bigger picture.
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