Meituan-Dianping was reported to be in talks to raise $3 billion to pave the way for a potential initial public offering (IPO) in Hong Kong this year, only to be denied by its CEO.
Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
Global branding exercises and large-scale power grabs are one thing, but it’s ultimately the individual guest experience that counts.
This update should push users deeper into the funnel, which will possibly result in a minor uptick in mobile conversion rates.
China is not a homogenous market, and people from the big cities travel differently from people in the smaller cities, just like in most major outbound markets.
Hopper says customers save an average of $50 per ticket and claims its airfare forecasts are 95% accurate up to a year in advance.
Booking.com comes second at 45% and Trivago third at 28%.
Hotel reviews left by families with children increased at the fastest rate in 2017, and hotel facilities were still most the most reviewed area by hotel guests.
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