Marriott’s net income for the second quarter was $610 million, a 25 percent increase from last year.
Total revenues were $3.5 billion as compared to gross profit of $3.0 billion, a 20% increase from the prior year; net income was $977.4 million, a 36% increase versus the prior year.
Expedia’s HomeAway has 1.7 million online-bookable listings, while rival Booking Holdings Inc., formerly Priceline, and Airbnb each have about 5 million.
Framing the conversation around loyalty, the quality of the connection comes to the fore. Inmarsat found that 54% of passengers agreed that no wifi connection is better than a bad (poor quality) one.
Hotel brands and operators should avoid blindly seeking technology support, only technology matches hotel characteristics will bring real value.
In addition to a competitive discount on hotel rates, IHG Business Edge will connect them to an online networking community of other SME travel buyers from around the world.
Airbnb expects business travel to account for 30% of its core business by 2020.
Hostmaker has raised $25 million in total since its founding in 2014, saying it would use this latest money to acquire smaller portfolio operators and to invest in its technology.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc.