India will be the fastest growing major Asia Pacific travel market over the next two years for a combination of reasons including an easing of travel restrictions, investment in infrastructure, and a growing middle class, says industry research company Phocuswright. More
Last minute hotel booking app HotelTonight, which expanded to Australia earlier this year, has announced it will retrench 37 employees, or 20% of its workforce. More
Travel retailer Helloworld is once again talking with AOT Group about a potential merger just a couple of months after derisively pulling out of earlier negotiations. More
Australian OTA Webjet is targetting a 20% increase in earnings before depreciation tax and amortisation to $33.5m this financial year. More
The strong US dollar has stymied growth at the Priceline Group, which owns Booking.com among other brands and now makes 90% of its money in Europe, the UK and Asia-Pacific.
But the company still posted a gross profit for the third quarter of USD2.9 billion.
Of this, USD2.6 billion was generated outside the company's home market of the United States, More
Singapore Airlines wants Tiger Airways all for itself, launching a buy-out bid for the Asian low cost carrier (of which it already owns 55.8%) that values the airline at more than S$1 billion. It's offered S$0.41 a share, a 32% premium over Tiger's last trading price on the Singapore Stock Exchange.
Expedia may have taken on its biggest challenge yet with this morning's announcement that will acquire vacation rental business HomeAway for USD3.9bn in cash and stock. More
Just confirmed that No Vacancy is returning to Sydney on March 15, 2016. Excited. Meanwhile, take a trip down memory lane with these images from 2015. More
Just spent a few days on the Sunshine Coast, where it was raining of course. What to do when the weather's wet? Head to Spirit House. More
Lastminute.com.au, now owned by Expedia, has launched its first major advertising campaign since 2008. It will run in Australia through November and encompasses radio, out of home, digital, social media and PR.
Rezdy, the Sydney-based tours/activities aggregator and distributor, has just raised $3m to fund its growth in the United States and also develop new products. More
Woolworths – one of Australia's big two supermarket chains – has severed its points-earning partnership with Qantas Frequent Flyers saying consumers want instant gratification not a long-term relationship. More
Airbnb's Australian boss Sam McDonagh believes the company now has more than 2% of Australia's total accommodation market with its business doubling year on year. More
Bill Shorten, Australia's Federal Opposition Leader, has declared all sharing economy companies such as Uber and Airbnb must "play by the rules" and be regulated, albeit with a "light touch". More
At a signing ceremony attended by British PM David Cameron and Chinese President Xi Jinping, Carnival Corporation finalised its partnership with China in a cruise JV it says will act as a catalyst in transforming China's nascent cruise industry into the world's biggest. More
The ABC is reporting that staff at Meriton Serviced Apartments have been gaming TripAdvisor by actively discouraging negative comments while offering guests inducements to post positive reviews or upgrade existing ones. More
The AOT Group looks set to become the latest travel company to list on the Australian Stock Exchange, according to informed sources.
It has appointed broker Ord Minnett – which oversaw the successful float of SeaLink – to manage its potential transition from private to public company. More
So here's a graphic demonstration of dangerously concentrated power has become in the online travel world.
One company, Priceline Group, announces that its brands will advertise through the Instant Booking app on TripAdvisor.
This seemingly modest news – an advertising agreement – turned out to be seismic and instantly sent TripAdvisor's share price up 22.4% while Priceline Group rival Expedia's shares fell -3.8%. More
Sydney hotels monitored by STR Global have just posted their highest recorded occupancy for September while the average daily rate for the month was second only behind the 2000 Olympics. More
TRAVELtech 2015 was one of the best yet – strong theme, excellent speakers and a compelling program featuring the likes of David Rohrsheim from Uber (pictured). More
Livn Group has secured funding – but won't say how much and from whom – appointing travel industry veteran Sean Cummins as CEO to drive its expansion into Asia and Europe. Livn Group aggregates and distributes tours and experiences. Picture: Founders Steve Martinez and Tui Eruera at TT13.
NZ market leader Skydive Queenstown has been bought by Skydive The Beach for AUD15.5m. It has an estimated 33% share of the NZ skydiving market. Skydive the Beach is listed on the ASX.
Great speakers, companies, program… Bookings for TRAVELtech 2015 are tracking really well with 200+ delegates confirmed and excellent networking guaranteed. See a sample of who will be there: More
In a clear dig at booming accommodation sharing site Airbnb, Stayz.com.au has launched a 'Whole House, Whole Holiday' marketing and advertising campaign.
Wotif has got its mojo back and will next week launch the company's biggest-ever marketing campaign, re-positioning Australia's original online travel brand as "The home of holidays". More