Culture Trip Platform Raises $80 Million to Build OTA, Hotel Technology Success Means Connecting Solutions and Integrating Data, and Strong Outbound Tourism Demand from Traditional & Emerging Markets

April 27, 2018 Kristina S. Park

We've put together another list of interesting reads for you this week!

We've all heard of the major Online Travel Agencies (OTAs) like Expedia and Booking.com, and we all know Airbnb, but don't you love it when another player steps up to the plate and takes the industry by surprise? That is exactly what Culture Trip, an online magazine for travel content, just did. Raising $80 million in Series B funding, the travel media startup plans to get in the OTA game by launching an online travel booking function and introducing tours and activities to the mix, similar to Airbnb's Experiences offering. Read the first read to find out more about how Culture Trip is going to bring change to the industry. We know we talk about data a lot, but we're not the only ones! The second read we have for you this week highlights the importance of data to be successful in the hotel industry. Managing your data isn't as daunting as it appears if you effectively use hotel technology to connect your data with solutions. Read the second read to see how hotels can leverage data to their advantage. According to the UNWTO, the demand for international tourism proved to be strong in 2017, from both traditional and emerging markets. With China in the lead as the top tourism spender of 2017, many other emerging and advanced economies also fulled growth of spending on international tourism, which you can read more about in our third read.

Happy reading. 

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Amazon's path into travel, Booking.com forges ahead, and Travel & Tourism creates new jobs

March 23, 2018 Kristina S. Park

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.

Happy reading. 

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