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Search results for “price war”
Chinese travel giant CTrip reports torrid growth, but faces a price war with rivals
07/31/2014
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9:25:34 AM
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CTrip, the largest Chinese online travel agency by revenue, continues to enjoy growth levels that its Western competitors could only dream of.
Virgin Australia finds new love as it goes through messy Air New Zealand divorce
05/31/2016
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9:09:24 PM
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Virgin Australia sees alliance with largest private Chinese carrier as a great growth option, yet cash injection from HNA, won't go far enough to solve Virgin's overgeared balance sheet.
Online travel booking grows in China, but traditional agents still dominate
05/23/2016
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9:34:54 AM
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Chinese travelers still trust traditional travel agencies more than online booking sites in 2016; But the percentage of OTA penetration reached a record high level last year
Analysis: Hotels bite back in battle with Online Travel Agencies
04/27/2016
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6:36:44 PM
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Since hotel chains are baulking at the commissions the OTAs charge them – typically ranging from 15% to 30% depending on room type and location - and fear that their expensively established brands are being devalued by the OTAs’ price-orientated approach, they have tried to offer discount rates to their loyalty project members to improve direct booking.
Relux, a Japanese booking site, nabs $4.5 million in funding
04/19/2016
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10:42:59 PM
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Loco Partners, a Tokyo-based startup that runs Relux, a membership-based accommodation booking site, has secured 500 million yen (or about US$4.5 million) in funding, led by KDDI Open Innovation Fund, one of Japan’s three largest mobile carriers.
Indians Get $8 Fares as AirAsia Debuts Amid Price War
06/13/2014
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7:54:40 PM
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Asia’s biggest budget carrier has set a target for its India venture to break even in four months. Some of its local rivals haven’t achieved that in three years.
Guangzhou says no subsidies on chauffeured apps
04/15/2016
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9:43:55 AM
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Major ride-sharing companies such as Didi and Uber are obeying transport officials in the southern city, reports say
Ctrip CEO throws open his war chest
12/05/2014
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12:01:44 PM
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Ctrip CEO James Liang announced the OTA giant is allocating RMB1 billion for a price war to introduce zero-profit products in different price ranges and categories.
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