Australian travel group Webjet announces to acquire UK hotels and inbound tourism provider JacTravel. WebBeds, the B2B platform of Webjet, will become the second largest B2B travel platform worldwide.
Sabre is to cut around 900 of its 10,000 workforce, including certain open positions. The company reported net loss attributable to common stockholders of USD 6.5 million in the second quarter of 2017.
Gross bookings will increase from $12 billion in 2015 to $27 billion in 2020 for the online tours & activities market, Phocuswright predicted.
Millennials, which is now the biggest group of business travelers, would rather take the luxury room at a deeper discount than take the cheapest room, according to mobile travel app HotelTonight.
Alibaba is taking Alipay to several international markets as it expands its e-commerce operations abroad and also pursues the payment market for outbound Chinese tourists.
Priceline Group, the world's largest online travel agency, saw its market value rise above USD 100 billion (100.66 billion) on July 26.
Statistics show that the average conversion rate for direct bookings is about 1% and about 99% of users don’t make their bookings on their first visit to the hotel’s website.
Homestay reservation platform OneHome claimed to have so far completed three rounds of financing, aiming at the homestay booking market for Chinese travelers abroad.
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