Total bookings made directly via operator websites went from 79.2% in 2017 to 66.7% in 2018, while the percentage of total bookings going to online marketplaces increased from 3.2% to 9.1%.
Hotels see the co-working spaces as a way to build loyalty with both hotel guests and the general public, said Adam Weissenberg, the head of travel, hospitality and leisure at Deloitte.
Brexit brings greater uncertainty to the regional business travel market, organisations are remaining cautious about spend.
The news sparked speculation that Airbnb is planning to eventually manufacture its own lodging, perhaps even sell real estate. An Airbnb spokesperson denied such speculation.
ZoloStays’ revenue from operations stood at $3.88 million for FY18 while it incurred a loss of $576.24K. The startup plans to clock $14.4 million in revenue in the next financial year.
Whether Overture's economics will prove out depends on a crucial and expensive missing element: Boom doesn’t have an engine lined up yet.
Horizn has sold a six-figure number of suitcases with its products having been mainly promoted through social networks.
While revenue management is focused on the whole revenue of a business, including ancillary revenue and spending, yield management focuses on the price and the volume of sales.
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