Total revenue slightly decreased to €259.4 million in the first quarter of 2018; net loss was €21.8 million; selling and marketing expense was 99% of revenues.
Overall, Marriott's foray into vacation homes looks promising, and actually gives Airbnb a run for its rentals.
Unlike traditional OTAs, Culture Trip’s new online travel service will leverage the brand’s inspirational stories and utility content, powered by contributors in more than 300 locations.
56% of people would rather message a business than call customer service and more than half of respondents said they are more likely to shop with a business they can message directly.
Marriott relaunched its Moments marketplace recently; loyal guests can both earn and redeem points by shopping for these experiences—110,000 of them in all, across 1,000 global destinations.
Bokun offers exceptional value in the market. It currently offers subscriptions for €100 per month, versus the industry standard of 5%-6% taken on online bookings.
The tours and activities sector is expected to double in gross bookings to $27 billion in 2020; Ctrip, Google and TripAdvisor are also with aspirations in tours and activities.
Since opening its first hotel in 2015, the Singapore-based company has expanded its portfolio to more than 500 properties across Indonesia, Singapore and the Philippines.
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