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.
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.
How to identify a first time guest staying at a particular property or a passenger preferring a particular seat when flying? A core data asset is a must for travel companies to answer such questions.
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.
For the latest fiscal quarter ended December 31, 2017, MakeMyTrip's revenue from hotels and packages business increased by 38.4% to $113.7 million.
AI is working far beyond imagination for hotel systems, a breakthrough we all have been anxiously awaiting.
China continues to maintain a trade surplus in tourism from 2014 to 2017, though the surplus has been narrowing over time, according to a survey of China Tourism Academy.
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