It’s hard out there in business travel with new commercial terms from many large airlines, IATA NDC to contend with and startups nipping at the heels of traditional players.
HRG was valued at either GBP376.3 million or GBP410.6 million, based on its share price on September 7 last year with a premium of 45% or 58%.
China’s biggest e-commerce company Alibaba will invest $486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence.
Airbnb has been focused on expanding customer base and inventory; observers think its ambitions to become “a platform for the entire trip” will morph into a full-service OTA.
The move is meant to allow the separate units to better focus on their specific segments of the lodging sector to generate growth through acquisitions and other strategies.
Travelzoo posted revenue of $27.0 million in the fourth quarter of 2017. Operating profit was $1.1 million.
In Q4, gross bookings increased 14% to $19.8 billion, revenue increased 11% to $2.3 billion. In 2017, gross bookings on the HomeAway platform increased 46% to $8.7 billion.
With a total fleet size of over 43,500 buses, taxis and rental vehicles, CDG also has operations in China.
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