Gross bookings, including HomeAway, increased USD 3.6 billion or 15% year-over-year to USD 27.2 billion. Revenue increased 15% year-over-year to USD 2.5 billion.
Guesty provides property managers a single dashboard to oversee all aspects of their short-term rentals across channels such as Airbnb, Booking.com, Agoda and others.
The company says it helps its corporate clients save an average of $208 per business trip.
Travelzoo announced revenue of USD 30.9 million and operating profit of USD 3.7 million in Q1 2018. "Revenue growth accelerated in all three regions, leading to much stronger earnings," said Travelzoo CEO.
After establishing a global partnership with Agoda, China's largest online house-sharing marketplace Xiaozhu announced a strategic partnership with Fliggy, the travel brand under Alibaba on April 24.
Total revenue slightly decreased to €259.4 million in the first quarter of 2018; net loss was €21.8 million; selling and marketing expense was 99% of revenues.
The OTA will work with the supersonic airplane developer to halve flight times from China to the United States, South Asia, and Oceania.
Unlike traditional OTAs, Culture Trip’s new online travel service will leverage the brand’s inspirational stories and utility content, powered by contributors in more than 300 locations.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc.