Industry News & Trends

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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Russian online travel market heats up

Russia’s hot online travel market saw its third major venture funding operation in one month as OnlineTours, a reseller of package tours, closed a $7 million Series B round. The market in Russia for package tours was estimated last year at $15 billion – with just 2% generated online.

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Preparing for IPO, Travelport to sell most of Orbitz stake

Travelport, which owns about 40 million shares of Orbitz, said it would sell 34 million Orbitz shares. Travelport’s first-quarter net loss widened to $29 million from $22 million a year earlier, primarily due to its Orbitz holdings. Travelport announced its IPO plans in June, although the company hasn’t disclosed the date of the offering.

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