Booking.com

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Technology

Booking Holdings splashes $1.2bn on hotel wholesaler Getaroom

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When the deal closes US-based Getaroom will roll into Booking Holdings' Priceline brand.

The Latest

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    Distribution
    Direct bookings have been taking market share from the OTAs, a trend which has accelerated this year, according to a study from D-Edge.
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    Video - In Focus
    In this episode Alexi and Katherine catch up with Elaine Simon of Hotel Management to review the positive impact the vaccine news is having on the hospitality and travel industries. Alexi asks "Is it better to be lucky or good right now?" They take a look at results from the big brands such as Marriott and Hilton and how consumer behaviour is changing the big players stake in the market. Just how much can the brands rely on the success seen in China, will it be enough to keep them out of trouble? Will investors now look to the extended stay market as not just an alternative asset but a core asset alongside hotels? The team discuss Airbnb, and Elaine dives into how valuable the extended stay sector is for the hospitality industry with a spotlight on the US.  Also looking to REITs and the brand/operator relationships. There has always been friction here, was it just a matter of time before this became a bigger conversation? Will they be saved by the vaccine?  Join us for a thoroughly engaging discussion and debate on the latest hospitality developments.  You can view the wrap up edit here and also the full interview with guest Jonathan Falik here. 
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    Results
    Booking Holdings said that it would be “challenging” to reach profitability in the fourth quarter, as travel restrictions grew.
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    Insider
    Peter Hancock, CEO, Pride of Britain Hotels, told the virtually assembled at The AHC Reimagined that the company’s catchphrase, tagline, words of inspiration were ‘ready when you are’.
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    Sharing economy
    Travel technology company Holidu has raised €5m in its latest funding round, including €4m from former Booking.com CEO Kees Koolen.
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    Distribution
    The global operators used the recent results season to deny that the shift to leisure demand had made them more reliant on the online travel agents for business.
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    Legislation
    Hungarian competition watchdog GVH has fined Booking.com £6.1m, describing the group as using “aggressive sales methods”.