We have some great reads for you this week!
It's no secret that hotels and Online Travel Agents have a tricky relationship when it comes to online bookings. With new market disruptors like Airbnb getting in on the action now too, you would think that there wouldn't be much room for a new type of competitor - then comes Amazon with the offer to cut costs for hotel owners by removing intermediaries. Read how Amazon could potentially shake up the industry once again in our first read. Given Airbnb's recent announcement to add hotel listings to its platform and create a loyalty program, it's more and more apparent that Airbnb is slowly moving over into OTA territory. Booking.com is welcoming the challenge and is business as usual. In fact, they're "in it to win it" when it comes to the homestay market too. Read number two to see how Booking.com plans to deal with the competition moving forward. We hear about the changes and growth in the hospitality market almost daily now, but did you know that the Travel & Tourism sector was responsible for the creation of one in five new jobs globally in 2017? That's 7 million new jobs worldwide! The statistical breakdown can be found in number three.
Amazon's Multifaceted - And Likely Inevitable - Path Into Travel
It’s becoming clear that it’s no longer a question of “if” but rather of “when” and "how” Amazon will try to disrupt the travel industry.... again. The topic of the ecommerce giant making another serious attempt at muscling in on the sector has escalated in buzz since Morgan Stanley’s Brian Nowak released an analysis March 8 titled “Alexa, Let's Book a Vacation."
Airbnb is No Distraction For Booking.com
Anyone thinking that Airbnb's ambitious growth plans would prove to be a major distraction for OTAs may be a bit disappointed as Booking.com’s chief Gillian Tans came out fighting on all fronts during an interview with Phocuswright’s Philip C. Wolf at the ITB exhibition in Berlin. She explained that Airbnb’s plans to expand wouldn’t put her off going after the homestay market. In fact, Booking.com was “in it to win” that category.
One in Five of All New Jobs Created Globally in 2017 Are Attributable to Travel & Tourism
One in five of all new jobs created globally in 2017 are attributable to Travel & Tourism, says major new research from the World Travel & Tourism Council: Research shows that Travel & Tourism was responsible for the creation of 7 million new jobs worldwide.