Wednesday, November 30, 2016

Online travel market: fast moving to mobile - Jeffrey Towson

Online markets are fast moving to mobile. The US$1.7bn purchase of Skyscanner by leading travel booking service Ctrip illustrates that move, says Jeffrey Towson, business professor at the Peking University in the Financial Times. "What they need next is a hotel network," adds Towson.

The Financial Times:
Skyscanner is focused on the online travel market shifting to mobile devices and three-quarters of Ctrip bookings are now made online using smartphones, according to Jeffrey Towson, professor of investment at Peking University. Mobile visits account for 59 per cent of Skyscanner’s total traffic.... 
Prof Towson said: “The biggest opportunity for Ctrip is to connect two massive groups — Chinese consumers, and international airlines and hotels. What they really need next is a hotel network. That’s where the real power is, with tens of thousands of hotels across Europe and Asia as potential clients.”
More in the Financial Times.

Jeffrey Towson is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you looking for more experts on China´s outbound investments? Do check out our list here.  
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