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Industry News & Trends

Ctrip’s hotel booking growth continues


Ctrip.com will extend its rally after reaching a record last week as China’s biggest travel website boosts its share of the hotel reservation market at the expense of smaller competitors. Ctrip's hotel bookings jumped 67 percent last quarter while Elong reported a 43 percent increase.

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TripAdvisor Q2 misses as marketing costs soar


TripAdvisor got tripped up by big marketing costs, posting Q2 results that fell far short of Wall Street expectations. TripAdvisor's Q2 selling and marketing costs, which include stepped up spending on TV ads in the U.S., France and Australia, surged 53% from the year-earlier quarter to $127 million.

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HotelTonight bets big on Europe


Curated last-minute hotel booking service HotelTonight is introducing a major expansion across Europe today, adding 80 new destinations across the continent. With these new additions, HotelTonight is now live in 450 cities in the Americas and Europe, with 130 of these outside the US.

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Facebook answers critics with mobile-ad surge


Facebook put to rest any lingering doubts about its ability to transform its business into a mobile-advertising juggernaut. The social network reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from advertising on mobile devices.

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Travelzoo launches new iOS app


Travelzoo unveiled its new iOS app today, making it easier for travelers to save up to 60% on high-quality experiences in more than 150 popular destinations worldwide. To help travelers save money, Travelzoo Deal Experts negotiated hundreds of additional deals.

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