In its first earnings call as a public company, TripAdvisor revealed that a year-long redesign of its global websites in 2011 was a major contributing factor to slowed revenue growth as certain advertising elements were removed to improve the user experience.
The rise of Chinese tourism has gotten the attention of a lot of travel, tourism, and hotel companies – not least because the bounty to be had is enormous.
Almost a year after partnering with eLong, HotelsCombined expanded its reach in China and other parts of Asia by integrating hotel rates from Ctrip, as well.
Chinese search engine Baidu is wasting no time making the most of its $306 million investment in metasearch site Qunar, promising to soon incorporate hotel search.
Travelzoo is altering its brand identify in China to improve its relevancy with what the deals publisher calls “discerning Chinese consumers”.
While some industry folk in the western hemisphere gasp at levels of money being thrown into the likes of Wimdu and Airbnb, over in China there are even bigger sums in play.
Expedia has increased its stake its Chinese online travel agency eLong to 56% and revealed a partnership with Chinese web and mobile tech firm Tencent Holdings.
Hotel and conference tech provider iBahn hopes to aggressively expand its IPTV business around the world courtesy of a $20 million line of credit from JP Morgan Chase.
Hotel metaseach website Hotelscombined struck a distribution deal with China’s second largest online travel agency, eLong.
As China’s online travel market grows, competition among trip booking sites has heated up, with home-grown providers fighting hard to keep and increase market share.
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