In five minutes or less, keep track of the most important news of the week, curated just for you. We present to you hand – picked news on latest industry perspectives and some general updates. Read on!!
Booking.com and Expedia are growing in very different ways
eRevMax partners Expedia Group and Booking Holdings reported total revenues of $11.2 billion and $14.5 billion in 2018, respectively. Moreover, both the company’s revenues have grown at a similar CAGR of 19% since 2016.
A blockchain to reconcile hotel commissions
Travelport working with IBM, BCD Travel and three hotel chains—has created a minimum viable product solution that uses blockchain to reconcile the commissions hotels pay travel management companies.
https://www.businesstravelnews.com/Distribution/A-Blockchain-Way-to-Reconcile-Hotel-Commissions
Learning from the past: Cutting rates hurts everyone
An analysis of how quickly hoteliers responded to other hotels dropping rates in their competitive sets during the recession shows no one comes out a winner.
To have a better idea of what a potential downturn could mean for the U.S. hotel industry, it’s worth observing how hoteliers behaved during the last one.
http://hotelnewsnow.com/Articles/297755/Learning-from-the-past-Cutting-rates-hurts-everyone
How Google’s machine learning technology can ace up the travel industry
The technology of machine learning is benefiting almost every industry but the most significant modification can be seen in the travel sector. Interestingly, tech-giant Google is making a major shift into the travel industry while enabling customers to book air tickets, hotels, and packages. It is also aiding customers in accessing stuff which they might have never come across on their own.
https://www.analyticsinsight.net/googles-machine-learning-technology-can-ace-travel-industry/
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