News from Expedia tells of the OTA’s coming purchase of holiday rental firm HomeAway. In a deal estimated at $3.9 billion, the Texas based startup could punch a hole in the alternative accommodations space for the famous brand.
Across the spectrum of travel businesses the paradigm shift to mobile now takes on acute significance. From online travel agencies, hoteliers, travel agents, and the business side of the travel industry, the inevitability of the mobile customer has arrived. Fortunately for a good many travel entities, preparations were made to adapt to this shift. However, the majority of businesses worldwide now find themselves behind the proverbial 8-ball. To all the businesses we’ve suggested convert, that milestone we predicted has arrived. Don’t say we didn’t tell you so.
In a 2014 economy seemingly stagnated OTAs and other travel businesses are feeling some pain. This is not the case for Priceline Group, which just showed a 1st quarter earnings jump of some 36% on international bookings. However, this company’s gain is evidently Orbitz’s and other digital travel business loss. Are we seeing a “weeding out” of good travel entities versus bad ones?
As far as world beaches go, apparently many out there choose Cancun as the choice of beach getaways for Summer 2013. According to Orbitz the No. 1 international Summer beach hotspot is the legendary Spring Break destination in Mexico. Mexico and Central America are not only heating up temperature wise this Summer, but visitation wise.
A federal lawsuit naming the likes of Expedia, Orbitz, Booking.com, Travelocity, Trump International Hotels Management, Intercontinental, Kimpton, Sabre Holdings, Priceline, Marriott, Starwood, and Hilton alleges the companies conspired to fix hotel room prices. According to the news from Reuters, the suit claims the travel giants did so in an effort to fend off competition from smaller online retailers.