Cutting out the middle men in travel - William Bao Bean
William Bao Bean, partner at the Softbank China-India Holdings, gives a thorough overview on how the travel industry in China is developing online. With the Beijing Olympics over and the Shanghai Worldexpo coming, infrastructure in hotels and other tourist facilities have increased dramatically, although profits have plunged.
The strongest digital companies, C-trip and E-long, are still going strong, but being squeezed by the possibilities for hotels to connect directly to their customers, both individual travelers, but also company.
In the hotel sector overcapacity at the high end have forced prices down at the top-end, while at the bottom budget hotels have been increasing prices, hurting mainly the middle part of the sector.
More at Traveldaily.cn
Commercial
William Bao Bean is a speaker at the China Speakers Bureau. When you are interested in having him as a speaker, do get in touch.
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The strongest digital companies, C-trip and E-long, are still going strong, but being squeezed by the possibilities for hotels to connect directly to their customers, both individual travelers, but also company.
In the hotel sector overcapacity at the high end have forced prices down at the top-end, while at the bottom budget hotels have been increasing prices, hurting mainly the middle part of the sector.
More at Traveldaily.cn
Commercial
William Bao Bean is a speaker at the China Speakers Bureau. When you are interested in having him as a speaker, do get in touch.
posted by China Herald at
1:41 AM
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