MakeMyTrip Group has reported an increase of 27% to gross bookings of more than $1.2 billion for the second quarter of 2019 fiscal year. Adjusted revenue for the India-based online travel agency was up 25% for the period at $160 million. The company says it recorded its “highest ever”…
Phocuswright lives at the sweet spot where travel and technology converge. As a member of the travel tech community, it wants to explore the current state of gender parity in the space, and take the pulse of the community to see how it compares to the rest of the…
Travelers are increasingly relying on technology to assist with their travel experiences, however, some of their travel preferences and choices may deviate from common thinking. For example, only 15% of consumers turn to social media to help make travel-related decisions, and just 8% take into consideration political ethics, human…
Metasearch dates back to 1999, when both SideStep and FareChase launched as search engines that aggregated prices from other online sites. The following years saw many additional entrants into the metasearch arena – some created with that specific purpose, such as Skyscanner (2001), Kayak (2004) and Wego and Trivago…
Compared to other marketing channels such as social media, direct mail or paid search, email delivers the highest returns on investment for hoteliers. But the contents – and timing – of emails sent by hotels often determine how well any given campaign will perform. According to Revinate, a software…
Announced in May, the theme for our sister brand Phocuswright’s flagship annual conference is the “Power Paradox”. The brainiacs at Phocuswright (they are, without doubt, the smartest group of analysts looking at the digital travel economy anywhere in the industry) traditionally spend time each year trying to establish what…
As the online end of the tours and activities sector has received a massive bump in interest over recent years, groups such as The Travel Corporation have watched on with huge interest. The company has a large collection of brands that sell multi-day tours through intermediaries – some online,…
After four quarters that CEO Rolf Schrömgens describes as “quite a challenge,” hotel metasearch platform Trivago posted a turnaround in the third quarter of 2018. The company, which has Expedia Group as its biggest investor, saw a return to profitability in the quarter, although revenue was down. Net income…
This article was written by Simone Puorto, CEO and founder Simone Puorto Consulting. Here is a fairly unknown fact: the Hospitality Sales & Marketing Association International is as old as Mount Rushmore in the U.S. In 1927, while the Borglum’s family (and some 400 workers loaded with dynamite) was…
Just how significant will blockchain be on the digital economy, and what are its practical applications? “Blockchain is the new internet,” says Toon King Wong, managing partner at FarSight Capital, speaking at WiT Singapore last week. The technology, he believes, will be as influential as HTML before it. “In…