Articles tagged “meituan”

Online Travel

Trip.com, Meituan Report China’s May Day Domestic Travel Back to Pre-Covid Levels

China's domestic travel is on the way back. Outbound travel will take a little longer.

Trip.com, Meituan Report China’s May Day Domestic Travel Back to Pre-Covid Levels

Online Travel

Booking and Airbnb Have a $22 Billion Wad of Cash — How Will They Spend It?

The sure bet is that the major online travel agencies will use some cash to buy back shares in 2023 unless the economy tanks. Less sexy than acquisitions, but good for shareholders. Still, that leaves plenty of money for some possible headline-making deals.

Booking and Airbnb Have a $22 Billion Wad of Cash — How Will They Spend It?

Online Travel

What Agoda’s New Tech-Heavy CEO Will Mean for the Booking Holdings Business

Agoda's new CEO appointment highlights the need for online travel agencies to be continually reinventing experiences from a technology point of view. If only the company would now balance it out by bringing in someone who understands the hoteliers’ perspective.

What Agoda’s New Tech-Heavy CEO Will Mean for the Booking Holdings Business

News Blog

Short Term Rental Companies Rush to Fill in Airbnb’s China Void

After Airbnb decided to exit the local Chinese market, local players are rushing in: Tujia, Meituan, Muniao, Fliggy and Xiaozhu are large local Chinese online travel and short-term rental players that are reaching out to the local Airbnb hosts to migrate them to their respective platforms, according to this report. Tujia has set up a special…

Online Travel

Hotwire Ties Run Deep Through Vacasa SPAC Deal

The old boys network is still as strong as can be in online travel and elsewhere. It shows up in several ways, although it was far from a decisive factor, in the pending Vacasa SPAC deal. But those decades-old ties sure didn't hurt, either.

Hotwire Ties Run Deep Through Vacasa SPAC Deal

Online Travel

Meituan Makes Gains in Luxury Hotels as Chinese Government Reshapes Online Sector

The Chinese government, for better or worse, is exacting a toll on online platforms in its anti-monopoly drive. Meituan's penalty amounted to 3 percent of revenue, and it is being forced to implement additional reforms.

Online Travel

Ridesharing Firm Didi’s IPO Calamity Highlights Risks for Online Travel in China

Did Airbnb, Booking Holdings, Tripadvisor, Oyo, and Marriott, among others, squirm a bit upon learning of Chinese regulators' latest antitrust crackdowns, this time against ridesharing giant Didi and food-delivery and hotel booker Meituan? If not, they should.

Ridesharing Firm Didi’s IPO Calamity Highlights Risks for Online Travel in China

Online Travel

Online Travel Innovation May Emerge From Big Tech Crackdown on 3 Continents

Regulators in China, Europe, and the U.S. can certainly screw up on execution of their goals with over-regulation, under-regulation, or initiatives that are off-target. But there's something happening around the globe that points to a new and potentially hopeful era for competition and innovation.

Online Travel Innovation May Emerge From Big Tech Crackdown on 3 Continents

Online Travel

Expedia and Airbnb Bosses Have Conflicting Visions About the Future of Travel

Sometimes CEO views of where online travel is headed seem more about the capabilities of their companies than anything else. Will pandemic-induced travel preferences make for dominant trends five or 10 years from now? Highly doubtful.

Expedia and Airbnb Bosses Have Conflicting Visions About the Future of Travel

Coronavirus

Chinese Online Platforms View the Great Travel Recovery as a Drawn-Out Process

An unfortunate first-mover in the pandemic, China, in turn, got an early start on its travel recovery. But officials at major travel companies there view a robust bounce back as taking a year or longer — and much of that pace depends on how quickly coronavirus gets neutralized in the rest of the world.