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Expedia Q2 reports 13% growth in gross booking and 11% in total revenue
07/27/2018
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5:32:58 AM
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Operating income and Adjusted EBITDA for Core OTA grew 19% and 16%, respectively. Total stayed lodging room nights grew 12% YoY, while stayed property nights for HomeAway increased 33% YoY.
AccorHotels buys majority stake in boutique lifestyle chain 21c Museum Hotels
08/01/2018
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12:47:55 PM
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Even though AccorHotels recently revealed it took a $288 million hit on its 2016 acquisitions of luxury homesharing platform Onefinestay and concierge provider John Paul, it hasn’t deterred the company’s shopping spree.
Tuniu cuts net loss, package tour revenue up by 13.1%
05/24/2018
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7:40:58 PM
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Non-GAAP net loss dropped from 226.2 million yuan in Q1 2017 to 23.8 million yuan ($3.8 million), revenues from packaged tours jumped by 13.1% to 402.7 million yuan ($64.2 million).
Ctrip accommodation revenue rises 23%, Skyscanner revenue grows 600% in Q1
05/23/2018
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9:25:42 AM
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Accommodation reservation revenue increased 23% in the first quarter, packaged-tour revenue rose 18% and corporate travel revenue climbed 25%. Transportation ticketing revenue remained flat.
Winning over today's Chinese travelers means harnessing the power of digital
05/11/2018
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10:25:30 AM
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Focusing more on the traditional trade marketing side means missing out on attracting China's increasingly free independent travelers who turn to digital, social, and pop culture for trip planning and inspiration.
Hyatt aims to double its revenue from China over next five years
05/30/2018
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6:02:59 PM
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Hyatt Hotels President and CEO Mark Hoplamazian says the group will double its presence in China over the next three to five years.
Expedia gross bookings and revenue both up by 15% in Q1
04/27/2018
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7:10:41 AM
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Gross bookings, including HomeAway, increased USD 3.6 billion or 15% year-over-year to USD 27.2 billion. Revenue increased 15% year-over-year to USD 2.5 billion.
IHG acquires 51% stake in Regent Hotels
03/14/2018
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3:24:20 PM
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The acquisition of Regent is part of IHG’s strategic initiatives focused on continuing to expand its footprint in the fast-growing $60 billion luxury segment.
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