Skift reported on March 29, 2016 that a Priceline Group acquisition of TripAdvisor, which is seeking to get traction for its Instant Booking product internationally, would make a lot of sense for numerous reasons. If it happens it sure would come at an awkward time for the Priceline Group, which is in the midst of a search for a permanent CEO.
Consolidation in the hospitality industry continues. It'll be interesting to see if Red Rock can revitalize the off-the-Strip property, especially as Vegas continues to evolve and grow, adding even more mega-resorts and attractions to the Strip itself .
Can these two companies--one with a somewhat questionable track record and the other, whose star has lost its luster--work together to relive their glory days? We'll see.
Marriott knows that in order to make money in the long run, you need to spend some. It also knows that constant communication with your current shareholders -- and your future shareholders -- is crucial when you're about to spend $12.4 billion to buy out one of your competitors.
TUI is making greater efforts to move out of the crowded online space and focus on its travel products.
Big turmoil in hospitality is continuing in 2016.
TripAdvisor, Expedia, and other big booking brands will never have the buzz that Airbnb commands, but they do have the consumers. Whether or not they can get them interested in their urban products is another matter.
AccorHotels is now one step closer to purchasing the Fairmont, Raffles, and Swissotel brands for $2.9 billion.
The future of Cvent is going to focus on international, multilingual expansion and new digital tools to integrate event management and brand marketing.
Buying Zodiac would be akin to buying a house without an inspection: It may turn out OK, but you won't know until you move in.