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Expedia ‘optimising’ estate as revenues grow

Expedia said that its first-quarter results, which saw a 12% rise in revenues, had been driven by growth in its hotel business.

Despite this, CEO Dara Khosrowshahi said that the company was not planning to add any more hotels to its inventory, but would optimise what it had and add “tactically”.

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Mr and Mrs Smith bonds with investors

Mr and Mrs Smith has launched a bond as part of efforts to raise £5m, which will see returns paid in cash, or in Mr and Mrs Smith loyalty money.

The money raised will be used by the group to fund its expansion into a series of sister brands, starting with Smith & Family, specialising in child-friendly trips, which is due to launch in late 2012.

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Starwood backs digital marketing

Starwood Hotels & Resorts has committed 75% of its marketing spend to digital, with one of its senior executives describing social media as being at the group’s “very core”.

The company announced earlier this year that it would make an investment of USD25m as part of efforts to win the “loyalty arms race” and this latest news indicates that the group...

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Seller beware

Hotels4U has become the latest brand to find itself stung by the unexpected success of an online campaign.

Hotels4U told the Advertising Standards Authority that its Christmas Day promotion had cost it £120,000 after attracting almost five times as many bookings as it had anticipated, serving as a warning to others to more thoroughly consider the financial implications of their...

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