Tour operators usually rely on a wide range of distribution partners, and tour operators take on a huge risk by handing over all their data and distribution power to a single OTA.
The plan going forward is to make Urbandoor’s longer-term listings bookable through Airbnb.
Existing investor Atresmedia and Michael Zeisser, the former chairman of U.S. investments for Alibaba Group, also participated in the financing.
It is aiming to close the deal in August, which will be its first Korean acquisition in five years.
Despite the added capacity, the sustained demand in Asia Pacific means rates are likely to increase. For example, Bangalore and Tokyo will see rates increase by 5% and 4%, respectively.
Vakanties.nl will use the investment to develop a non-linear chatbot, and hopes to serve 50,000 travellers next year.
MakeMyTrip reported gross bookings up 24% to $1.7 billion for the quarter ended June 30, 2019, and adjusted revenue up 21% to $198.5 million.
Marriott could do a lot worse than tying its fortunes in China to the e-commerce juggernaut Alibaba.
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