More investment activity in the metasearch sector, with Wego getting a reported $12 million from Middle East media group MBC. Wego is headquartered in Singapore with regional offices in India (Bangalore), Indonesia (Jakarta) and Dubai, from where it serves customers, mainly across Asia-Pacific and the Middle East. Its newest…
➡️ This is a viewpoint from Jordan Hollander, founder of HotelTechReport. In the 1920s DuPont and General Electric began to develop diversified organizations with business units that lacked cohesion. They were pioneers of what later became known as “conglomerate strategy”. These companies (and the many that followed) drew on modern…
Hotel meta Trivago has issued its standalone Q2 2017 results, expanding on the positive soundings which came out of its parent company Expedia Inc’s results a few weeks ago. In its second quarter results presentation, Trivago execs concentrated their attention on how Trivago’s B2B advertising relationship with hotels supplier…
4Suites, a startup in the mobile space helping consumers manage hotel stays, has raised seed funding of $440,000. The funds come from angel investors and will go towards the launch of its products as well as expansion. The Netherlands-based company was founded a year ago and offers hotel guests…
This is a roundup of news and announcements related to travel systems in August 2017: Friday 4 August BestDay expands via SiteMinder Latin America’s Best Day Travel Group is looking to expand the reach for its hotel partners via a deal with SiteMinder. Hotels will be available to third…
As part of its ongoing growth and expansion strategy in South America, Kayak acquired Mundi, Brazil’s first online travel metasearch site. Mundi will continue to operate as a separate brand, a short statement from Mundi said. Brazil’s online travel market is “soaring,” according to Phocuswright, and distribution companies describe…
Vayant Travel Technologies, a B2B air fare search company, was acquired by Houston-based PROS Holdings, a cloud software revenue management company, in an all-cash transaction of $35 million. PROS said in a statement Vayant’s SaaS shopping, pricing and merchandising technology complements its own “modern e-commerce techniques,” including dynamic pricing…
eMarketer’s annual look at worldwide digital travel sales predicts that Asia-Pacific will overtake North America as the world’s biggest market this year. In dollar terms, eMarketer predicts that digital travel sales in 2017 in APAC will be worth $214 billion, compared with North America’s $200 billion. The worldwide total…
As digital marketers, we always focus on return on investment (ROI) and return on advertising spend (ROAS). It’s a core indicator across any vertical and a key expectation of any hotel owner or management company. But what if we turned that expectation upside down? What if we focus on…
With increased security alerts and extreme weather regularly disrupting travel, the issue of duty of care is top of mind for travel managers. Technology can play a significant role and there some interesting developments beginning to address the issue from the traveller disruption point of view – think Travelport’s…