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Ctrip accommodation revenue rises 23%, Skyscanner revenue grows 600% in Q1
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.
Ctrip backs its expansion plans in China and abroad
Even as Ctrip is continuously gaining market share across all the business lines, the team has assured that they are ready to forego certain short-term financial benefits to ensure that customer-centricity doesn’t get off the hook.
AI algorithms may help Hopper drive 75% flight bookings
Hopper says customers save an average of $50 per ticket and claims its airfare forecasts are 95% accurate up to a year in advance.
Shiji to take stake of Baoku Online, heading for business travel market
"Baoku Online will increase their hotel suppliers and enterprise client base by taking advantage of access to the Shiji platform eco system." said Kevin King, Chief Operating Officer, Shiji.
The $28 billion opportunity for hotels
More than 70% of business traveler respondents indicated they are interested in purchasing more than core hotel products such as on-site dining, retail sundries and transportation options.
TravelSky totals revenue of RMB 6,734.2 million in Year 2017, up 8.2%
In 2017, total revenue amounted to approximately RMB6,734.2 million, an increase of 8.2%; profit attributable to equity holders was approximately RMB2,248.7 million, a decrease of 7.1%.
ChinaTravelNews Briefing: Ctrip ends cruise venture, China merges culture-travel offices
Ctrip, Royal Caribbean Cruises announced to end their joint venture; China planned to merge culture and tourism authorities; Tujia hoped to work with Airbnb; and B&B and e-guide startups raised capital.
Ctrip's lodging revenue rises 30% to $1.5 billion, transport revenue climbs 38%
Skyscanner's Q4 direct booking revenue nearly doubled year-on-year, and Trip.com achieved triple-digit growth in air ticketing volume.
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