Whether this acquisition will be a difference-maker for Hostelworld may depend on how well flea markets and arts festivals resonate with its youthful cohort of guests.
If you think the competition between Airbnb and Booking.com is hot, what about the rivalry between American Express Travel and Chase Travel? You'll be hearing lots more about it in years to come.
Member states of the European Union have little in the way of coordinated short-term rental policies other than a data-sharing pact. It's premature to predict whether a proposed affordable housing plan will have any answers.
If consumers respond positively to agentic AI and if these ChatGPT apps gain traction, then travel companies will be required to develop them, just as they do today for the Apple App Store and Google Play.
Kayak’s AI Mode goes from soft launch to debut, so customers can search for travel using natural language. Plus: The company dishes up data on holiday travel trends.
What happens when the fundamental assumptions underlying the travel industry's business models stop being true? Who has agency: who makes decisions, who controls discovery, who influences choice, and critically, who gets left behind when those power dynamics shift in an AI age.
Booking Holdings and the other online travel agencies have survived through several platform shifts in the past. However, the gen AI revolution finds them in slower growth mode than in past era, upping the pressure.