Technology

Booking.com reveals alternative accomm revenue for first time, shortlists Aussie start-ups for funding

For the first time ever, Booking Holdings has disclosed the revenue of Booking.com’s alternative accommodation business.

The business division, which includes homes, apartments and other unique places to stay, recorded approximately $3.9 billion in revenue for 2018, representing 20 per cent of the company’s overall revenue for the year.

Booking.com ended last year with 5.7 million reported listings – up 18 per cent year on year, and more than any other player in the homes/apartments space, according to the company.

It also disclosed that 40 per cent of Booking.com’s active customer base booked an alternative accommodation property at some point within the past 12 months.

Booking.com’s revenue disclosure comes shortly after the digital travel platform shortlisted two Aussie start-ups – Clean Travel and Okra Solar – as part of its 2019 Booking Booster Program in Amsterdam in April and May.

Clean Travel is a software platform that helps local ethical travel operators manage their business and reach a global audience. It connects communities with local travel organisations that offer unique ethical adventures.

Okra Solar is distributed solar energy sharing. The technology aims to transform the energy market and offers affordable energy access for 1.2 billion people living off the grid.

The companies are to of 10 shortlisted start-ups that will take part in a three-week accelerator program consisting of lectures, hands-on workshops and coaching.

The program will culminate with a final pitch to receive a scaling grant of up to almost $800,000 from Booking.com’s $3 million fund in order to help support the next stage of the start-ups’ projected growth.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

News

How Travel Weekly has got your back during the COVID-19 crisis

We’ve come up with a few initiatives to help you recover from the impact of the COVID-19 crisis and come out the other side stronger than ever. Find out what they are here.

Share

CommentComments

Events

Women in Travel Awards winners’ circle: Siobhan Foley, Accenture

Looking for some inspo for your Women in Travel Awards entry? Siobhan Foley’s story will have you hitting ‘submit’ in no time.

Share

CommentComments

Destinations

Aloha Friday Wrap: Hawaii’s message to travellers, Hawaiian Airlines helps out medical workers + MORE!

This week’s Aloha Friday Wrap details how the US island state and its airline are responding to the COVID-19 crisis, and also provides some holiday inspo for once things return to normal.

Share

CommentComments

Destinations

“Aloha from our home to yours”: Hawaii’s message to travellers

Amid the COVID-19 pandemic, the Hawaii Tourism Authority has asked travellers to postpone their trips to the US island state so it can effectively address the health crisis.

Share

CommentComments

Aviation

Hawaiian Airlines to support medical workers with complimentary flights

Hawaiian Airlines will provide complimentary neighbour island flights for medical professionals during the month of April to support travel associated with COVID-19 response efforts.

Share

CommentComments

Destinations

Here’s how your clients can experience Oahu’s rich history and culture

by Ashlee Galea

An integral part of making a Hawaii holiday amazing, aside from beach time and tropical cocktails, is taking a deep dive into the culture and history of the Hawaiian Islands.

Share

CommentComments

Cruise

Carnival president slams NSW government’s “bitterly disappointing” treatment of cruise industry

by Ali Coulton

Sture Myrmell says the state government is not only putting remaining crew members at risk, but also impacting the cruise industry as a whole.

Share

CommentComments

Aviation

Qantas under investigation following cleaner’s suspension

Following news that ASIC would investigate Qantas, SafeWork NSW has launched a probe into the suspension of an aircraft cleaner who was employed by the national carrier.

Share

CommentComments

Destinations

“The world will soon return”: Abu Dhabi says city’s silence is a time for reflection

by Christian Fleetwood

Abu Dhabi has released a message of hope, looking forward to the moment the emirate can welcome the world again.

Share

CommentComments

Destinations

WATCH: Empty Welsh streets taken over by tribe of goats

In the deserted streets of Llandudno in northern Wales, where residents are on lockdown, goats have descended from the Great Orme and into the town.

Share

CommentComments

Technology

Webjet pulls plug on cruise sales business, actions 440-plus redundancies

by Huntley Mitchell

The online travel company has resumed trading on the ASX, but not before detailing some harsh measures to mitigate the impact of the COVID-19 outbreak.

Share

CommentComments

Hotels

Marriott suffers data breach involving 5.2 million guests

What started as a headache for Marriott’s boss amid the COVID-19 crisis has turned into a migraine following this unfortunate news.

Share

CommentComments