Demand for leisure travel is being driven by young adults aged 18-24 years old, according to a survey of 2567 Australians by Expedia.com.au, which found they are more likely than any other age group to have taken an international or domestic trip over the past two years. More
The security of world-leading OTA Booking.com has been breached with the company admitting it refunded "around 10,000" customers tricked into pre-paying for accommodation by tech-savvy fraudsters who had obtained details of their reservations. More
After 40 years Hilton has lost management rights of the Hilton on the Park in Melbourne to Accor, which will operate the 18-storey five-star hotel as a Pullman from January 1, 2015. Owner Brookfield is reportedly looking to sell the hotel for AUD160m.
Investors marked down US online travel companies last week after being disappointed by a series of high-profile results that failed to meet expectations (spiralling costs the dominant feature) and softer than expected forecasts. It's tough out there. More
New research from Google suggests that the travel purchase path can no longer be viewed as a linear, logical funnel – rather, it has become the purchase pretzel with randomness a characteristic of what, for many consumers, has become a tortuous process that takes an average 53 days during which 28 different sites are visited over 76 sessions. More
Do you ever get the feeling that the online travel industry is losing the plot, just a little? I'm beginning to wonder. One red flag is the open lack of affinity many of the online players have for travel: ie they do not identify as travel companies… More
Expedia could own Wotif by next Friday, November 14, after delayed approval of the deal was finally granted yesterday by the New Zealand Commerce Commission, which determined that the takeover would not reduce competition. More
Cruise numbers may be booming in Australia but the industry's cut-price mentality is beginning to bite with research from Royal Caribbean showing customers don't give a damn who they sail with – all they care about is price in a sector awash with capacity and discounting. More
Flight Centre founder Graham Turner headlined a great day at TRAVELtech 2014. More than 200 delegates enjoyed a compelling program and excellent networking. Thanks to all who contributed. More photographs follow – hope to see you in 2015. More
Space craft crashes, co-pilot dies and Virgin Galactic issues a statement that includes this line: "During the test the vehicle suffered a serious anomaly resulting in the loss of the vehicle".
Weirdly robotic and impersonal but perhaps a clue to the confusion and corporate fright surrounding the accident, which has seriously derailed plans to turn space travel into a commercial venture. More
Momentum at Expedia built during the third quarter with revenue increasing 22% to USD1.71bn. Gross bookings were up 29% while room nights grew 24%. International revenue rose 25% and now accounts for 48% of total revenue for the US company.
Tourism Australia and Virgin Australia today announced they have boosted the value of their three-year marketing agreement to more than AUD20m , half of which will be spent in 2015 on promotion in the United States and New Zealand.
The question threw Tomas Laboutka of HotelQuickly, a last minute booking app. "It's a very general question – I don't know what you mean," was the gist of his reply. And the query – do you consider it a weakness to be only available as an app? More
TripAdvisor has won Best Website at the TRAVELtech 2014 Web Awards while Airbnb and Hamilton Island have taken out the other major awards: Most Innovative Website and Best New Website.
Singaporean company Ascott Limited has bought a 20% stake in Australia's Quest Serviced Apartments for AUD28.8m and says it expects to invest a further AUD500m buying new Quest properties over the next five years. More
Google's war against spammy websites has gone up another notch with the implementation of Penguin 3.0 over the weekend. Past iterations of Penguin have rocked the black hat search world, penalising sites for dubious SEO practices, especially those associated with linking.
Tourism Australia is looking for a new head of marketing following the resignation today of Nick Baker, who has been with TA for the past seven years, overseeing such campaigns as Best Job In The World. Baker will leave the job in January. Update 3.11.2014: Lisa Ronson is TA's new Chief Marketing Officer.
Great Hill Partners has bought a majority stake in Momondo Group, owner of the Cheap Flights and Momondo online travel brands, for USD130m, valuing the company at USD213m. See announcement.