Growth of listings is slowing in some of Airbnb’s biggest cities, pushing the company to look for revenue from traditional hospitality ventures.
After Ctrip's plan to create a full-service travel platform with its recently acquired Trip.com under Skyscanner, the Priceline Group may also be tapping into the same idea.
Global spend on tours and activities has increased 34% since last summer and the overall share of mobile bookings has grown from 30% a few years ago to 45% currently.
The deal includes includes Hoseasons, a 70-year-old camping business cottages.com, James Villa Holidays, and Blackstone and CVC Capital are also interested in buying the rental sites.
OTAs are 56% more likely to cite data as the greatest barrier to delivering personalised experiences, but transportation, hospitality and restaurant companies think human elements are crucial.
TripAdvisor's stewardship of the business - via a $200 million deal of buying Viator in 2014 - is taking the incorrect route and not capitalizing on the strength of the original brand.
Schrager said, the hotel industry needs to beat Airbnb by focusing on developing communal spaces, because Airbnb “can’t do it.”
Criteo, which bought performance marketing service HookLogic in a $250 million deal in 2016, has sold HookLogic's non-core hotel-focused services to bidding platform Koddi.
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