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2015 Corporate Travel Index: U.S. Hotel And Dining Costs Drive Business Travel Per Diem Increase

Categories: Published on March 18, 2015

As corporate travel demand rises within the United States, the combined daily cost of renting cars, staying in hotels and eating three meals a day looks as though it will follow suit in the coming year, much as the data in BTN's Corporate Travel Index show occurred in 2014. Hotels are… + Read More

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China’s Online Travel Market Continues to Boom

Categories: Published on March 18, 2015

With more than 100 million Chinese citizens traveling abroad this year and with more than 1 billion mobile users in the country, China's online travel agencies have emerged as a booming business in mainland China, industry experts said. Last year, the transaction value of China's online… + Read More

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Expedia CFO’s global plan: acquire, invest, and consolidate

Categories: Published on March 11, 2015

Mark Okerstrom, chief financial officer for Expedia Inc, loves doing deals. The more complex, the better, he says. In the past two years, the 42-year old lawyer led the company’s successful acquisitions of German metasearch site Trivago and the online travel agencies Travelocity in the… + Read More

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‘Instant booking doesn’t make us an OTA’ says TripAdvisor

Categories: Published on March 10, 2015

TripAdvisor has denied acting as an online travel agent (OTA) by allowing mobile customers to book hotels on its site. Travel reviews site TripAdvisor introduced a hotel booking option for mobile users in the US last year and has started taking mobile bookings in the UK. The company… + Read More

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Kayak boss praises ‘fun’ Google but says ‘I don’t like personalisation’ (ITB 2015)

Categories: Published on March 10, 2015

The head of travel search engine Kayak has declared Facebook and Amazon "don't know what they are doing" in travel and Google as "fun" but "inaccurate." Steve Hafner, chief executive of Kayak, said: "What makes Google [travel] fun to use at the moment is it's so fast - it's not… + Read More

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New fund targets European hotel investments

Categories: Published on March 5, 2015

Veteran hotelier Sir David Michels has announced the launch of a new £200m fund targeting investments in the European hotel sector. The fund will be managed by his management and advisory firm Michels & Taylor, and will primarily focus on the UK, although acquisitions in the rest of… + Read More

market-news

HRG: Growth Of Hotel Rates Paid In Large Cities Overshadows Regional Declines

Categories: Published on March 4, 2015

The average daily rate paid by Hogg Robinson Group clients in 2014 declined year over year in most global regions, but the growth in some of the largest cities continues to disrupt regional projections, according to the travel management company’s 2014 Hotel Survey, released Monday.… + Read More

market-news

European cities hotel forecast for 2015 and 2016 for 20 gateway cities from Amsterdam to Zurich

Categories: Published on March 4, 2015

The 4th edition of PwC's European cities hotel forecast looks at the outlook for hotel trading in 20 key cities in Europe, set against a backdrop of uncertainty and change. The report also look at some thought provoking predictions for 2015 and their potential impact on hotels.… + Read More

market-news

U.S. Hotel Price Increases Ahead Of Global Average

Categories: Published on March 4, 2015

The average price paid for a hotel room around the world rose by 3 percent during 2014, compared with 2013, according to the latest Hotels.com® Hotel Price Index™ (HPI®). The overall global economic recovery gathered momentum and consumers became more confident in increasing their travel… + Read More

market-news

Categories: Published on March 4, 2015

Research published by Oxford Economics and funded by InterContinental Hotel Group, shows China will overtake the US, UK and Germany to become the largest market for long-haul travelers by 2020. The report reveals the scale of the opportunity for global travel destinations to benefit from… + Read More

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