Articles tagged “meituan”

Meituan Dianping Claims Leadership as Largest Domestic Hotel Site in China

Meituan Dianping Claims Leadership as Largest Domestic Hotel Site in China

Dennis Schaal, Skift

Meituan has an advantage in travel over some of its competitors because it is a platform company, offering an extensive array of retail services, although food delivery is its core business. The Chinese hotel market is clearly in flux with Meituan and, to a lesser extent, Alibaba, nipping at Ctrip's heels.

2 weeks ago

How TUI and Rezdy Fit Into Ctrip’s Growth Strategy Outside China

How TUI and Rezdy Fit Into Ctrip’s Growth Strategy Outside China

Raini Hamdi, Skift

China slowdown? Meituan rivalry? Naaah, Ctrip had a fab 2018. Domestic travel remains strong, but it is international travel growth that’s exciting. Now we know what drives its latest partnerships with TUI’s Musement and Rezdy.

3 weeks ago

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

Lulu Yilun Chen, Bloomberg

Didi Chuxing has a string of problems now, among them a poor safety image, fresh competition from players such as Meituan Dianping and China's cooling economy. A re-evaluation of its businesses is needed.

1 month ago

Ctrip Chairman Shrugs Off Impact of Trump Tariff Dispute — For Now

Ctrip Chairman Shrugs Off Impact of Trump Tariff Dispute — For Now

Steven Schwankert, Skift

Ctrip has been able to spend most of its 15-year history riding a rising travel tide in China while buying out much of the competition to blunt their challenges. For 2019, Ctrip will have to stand up and get moving to recapture momentum and investor attention.

3 months ago

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Dennis Schaal, Skift

Expedia has dealt with a ton of distractions in recent years as it acquired Wotif, Travelocity, Orbitz Worldwide, and HomeAway, for example. CEO Mark Okerstrom wants to focus on the basics instead, and doesn't want to take bold steps into dining reservations or food delivery for now. On the other hand, Expedia is a very acquisitive company so never say never.

4 months ago

Ctrip Expects Rising Costs to Nibble at Its Margins

Ctrip Expects Rising Costs to Nibble at Its Margins

Sean O'Neill, Skift

Ctrip's revenue growth has remained in line with forecasts, but its costs are rising. More interestingly, the online travel giant has branched out into hotel management by providing data services and marketing support to franchisees for a new brand, Rezen.

5 months ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.

5 months ago

Meituan’s Hong Kong IPO May Intensify Its Rivalry With Ctrip

Meituan’s Hong Kong IPO May Intensify Its Rivalry With Ctrip

Sean O'Neill, Skift

China's travel market is fast-growing enough that it could support a competitor to current leader Ctrip. That day may arrive soon, too, given that Meituan-Dianping is showing surprising traction in hotel booking.

6 months ago

Booking CEO Gillian Tans Gets a Ctrip Board Seat

Booking CEO Gillian Tans Gets a Ctrip Board Seat

Dennis Schaal, Skift

Online travel's two most influential female executives, Ctrip's Jane Jie Sun and Booking.com's Gillian Tans, will now deliberate around the table together at Ctrip board meetings. Ctrip felt the need to announce that the two companies are strengthening their ties after Booking's 2017 investment in Ctrip rival and IPO-bound Meituan-Dianping.

10 months ago

Airbnb Nearly Merged With Chinese Rival Tujia in 2017

Airbnb Nearly Merged With Chinese Rival Tujia in 2017

Shelly Banjo and Olivia Zaleski, Bloomberg

If we were Booking or HomeAway, we'd probably read this and see a big opportunity here.

10 months ago

Emerging Travel Giant Meituan Mulling $60 Billion IPO in Hong Kong

Emerging Travel Giant Meituan Mulling $60 Billion IPO in Hong Kong

Lulu Yilun Chen, Bloomberg

Among the many things on Uber's list of things to worry about, Meituan Dianping should be at or close to the top of that very long list.

1 year ago