Ctrip reports strong growth

September 4, 2017 by  
Filed under News, North Asia, tour operators

SHANGHAI, 4 September 2017: China’s mega travel corporation Ctrip reports strong financial results in the second quarter of 2017 with net revenue increasing 45% year-on-year to RMB6.4 billion (USD946 million).

The unaudited results revealed Ctrip’s accommodation reservation business delivered healthy growth. Revenue for the second quarter of 2017 reached RMB2.3 billion (USD341 million), representing a 30% increase from the same period of 2016

The transportation ticketing business also continued its strong growth. Revenue for the second quarter of 2017 reached RMB3.0 billion (USD441 million), representing a 49% increase from the same period of 2016, primarily driven by an increase in ticketing volume and the consolidation of Skyscanner’s financial results since December 31, 2016. Read more

TripAdvisor enhances subscription products

January 20, 2017 by  
Filed under News, Singapore, Technology

SINGAPORE, 20 January 2017: TripAdvisor has added new content to its subscription products, that targets accommodations and restaurant operators enabling them to attract, engage and influence customers.

Accommodation businesses can now subscribe to Business Advantage, an enhanced set of features that empowers them to better market themselves, impact booking decisions, differentiate from competitors, and  build  online reputation.

Additionally, the newly-released TripAdvisor Premium for Restaurants subscription product will give millions of restaurant businesses the opportunity to gain a competitive edge with exclusive access to subscriber-only features. Read more

Airbnb adds Trips to homes

November 21, 2016 by  
Filed under AMERICAS, News

LOS ANGELES, 21 November 2016: Airbnb says it is moving beyond accommodation to launch a new service called Trips.

In its launch announcement late last week Airbnb claimed it was the most significant development in its eight-year history.

The booking channel is best known for its pioneering inventory of homes rented out by owners to holiday makers as an alternative to staying in a hotel.

Read more