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Stockreport

Travel M&A Will Provide Guidebook To The Vacations Of The Future [Forbes]

Booking Holdings, Inc (BKNG)  More Company Research Source: Forbes
Last booking holdings, inc earnings: 11/5 05:01 pm Check Earnings Report
PDF In few sectors has the transition to a digital economy been as conspicuous or as widely felt as travel. What was previously a quintessential bricks-and-mortar industry with a ubiquitous high-street presence has, in almost all developed markets, moved online. In the UK, 62% of all travel bookings were made via the Internet in 2016, according to Phocuswright data. The rise of a new generation of tech companies, such as Airbnb and Hong Kong-based Klook, has shaken up the last sleepy backwaters of the travel sector. And, reliable as clockwork, where a sector undergoes technological disruption, we can expect to see a flurry of investment, dealmaking and M&A activity. Naturally, part of the response from the biggest global operators has been consolidation, particularly in the metasearch space. From the late 1990s through to 2010, the likes of Booking Holdings, Expedia and C-Trip established themselves as the dominant online travel agents (or “OTAs”) for flights and accommodation. Ov [Read more]

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