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ONLINE HOTEL AGGREGATOR
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 26%The bulls, who were making a comeback attempt after the US-Iran peace deal, have been hit by the global meltdown in IT services stocks. As ...- Betting on India’s travel boom? Motilal Oswal sees TBO Tek and Ixigo as key beneficiariesThe industry has evolved significantly over the past two decades—from a fragmented, offline agent-driven market to a digitally enabled ecos...
- Delhi hotel Fire: Who is Lavkesh Bajaj, Malviya Nagar hotel owner, and how did a six-room B&B become a 25-room hotel?Lavkesh Bajaj hotel owner: A devastating fire at Flourish Stay B&B in Malviya Nagar claimed 21 lives. Owner Lavkesh Bajaj is now under inve...
- Ixigo posts 8.5% rise in Q4 revenue, clocks profit of Rs 32 croreIxigo's parent, Le Travenues Technology, reported an 8.5% year-on-year increase in operating revenue to Rs 308 crore for the March quarter,...
- Indians may be roaming closer to home because of a war far awayIndia Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve fo...
- Sikkim hotels boycott Goibibo and MakeMyTripOther hotel associations in India have alleged that Go-MMT charges exorbitant commissions, has unfair accounting practices and offers unaut...
- OYO acquires Chennai's Novascotia Boutique HomesWhile OYO company executives declined to furnish the financial terms of the acquisition, the SoftBank Group-backed company is believed to h...
- Hotels enhance online presence to boost direct bookingsThe strategy of offering competitive rates over online travel platforms is being done to save on margins being shaved off by online hotel a...
- India may become next country to impose strict guidelines on room aggregators like Oyo, AirbnbThe ministry of tourism is in discussions on guidelines for accrediting online platforms that have homestay owners and hotels registered wi...
- FabHotels gears up for expansionThe company, which operates in the online brand franchisee segment, secured $8 million in a series A round of funding from Accel Partners.
- Now get 'sorted' for easy hotel bookingsThe app competes with discounted offerings made by online travel agents and travel sites as well as branded budget hotel aggregators includ...
- Moving beyond low-margin plane tickets, online travel firms seeking to dominate hotel bookingsNaspers has been pumping money into the online travel company for nearly a decade, not bothering to broadcast it.
- Competition Commission of India gives its nod to Marriott-Starwood dealIn a tweet, the Competition Commission of India (CCI) said it has approved the acquisition of Starwood Hotels & Resorts Worldwide.
- Days after blocking OYO, MakeMyTrip makes room for its own Value+The launch of the brand is aimed at helping the Nasdaq-listed MakeMy-Trip increase revenue contribution from hotels business.
- Online travel agencies like MakeMyTrip, Goibibo, Yatra blocked OYO & Zo Rooms from their websitesThe development comes at a time when OYO Rooms and Zo Rooms gear up for mega financing rounds in order to capture the budget stays market.
- Goibibo.com hosts its first hackathonGoibibo.com, an online hotel aggregator is hosting its first hackathon - GoCode, on the HackerEarth platform.
- Goibibo launches budget accommodations platform 'GoStays'Online hotel aggregator Goibibo today launched a platform 'GoStays' to facilitate booking budget accommodations through its mobile apps.
- Hotels boost tech to up e-presenceThe big boys of the hospitality sector are now spending millions of dollars on technology, looking to make digital platforms the best optio...
- Hotels beef up digital play to counter online aggregatorsAccording to hospitality consultants, hotel chains pay 10-25% of room revenue as commission on each booking, losing a significant chunk of ...
- Seedfund invests in software of Axis Rooms Travel for real-time hotel inventory updateSeedfund has invested in Axis Rooms Travel Distribution Solutions, whose software allows hotels to update and share their inventory status ...
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