Booking Holdings

Expedia

Tripadvisor

Trip.com

Travel Tech

Hurb, formerly known as Hotel Urbano, is a Brazilian online travel agency founded in 2011. The company offers various travel-related products and services including hotels, vacation packages, flights, experiences, and resort stays. Hurb utilizes artificial intelligence and machine learning technology to find deals and optimize pricing. As of 2022, Hurb had over 25 million registered travelers and offered destinations in over 35,000 locations worldwide. The company operates primarily in Brazil but has expanded internationally, with offices in Portugal and Canada. Hurb's business model is based on selling flexible date travel packages at discounted rates, often months in advance of travel dates. This allows them to aggregate demand and negotiate lower rates with suppliers. However, in 2023 Hurb faced significant challenges fulfilling bookings and paying suppliers, leading to widespread customer complaints and legal issues.Key customers and partnershipsThe company claims to have taken over 5 million Brazilians on trips and sold more than 22 million room nights as of late 2022. Hurb states that 400,000 people traveled using their services in 2023 alone. The company has an official partnership with Walt Disney World Resort to sell discounted Disney resort stays and park tickets. Hurb also operates an affiliates program with over 120,000 members who can earn commissions by promoting and selling Hurb's travel products.&nbsp;

Inline is a CRM service designed to help restaurant owners increase operating margins. In the context of restaurants, CRM includes the dining lifecycle for new and repeat patrons of booking or queuing, engaging with questions and feedback before dining in, ordering meals, providing feedback.  The inline services include one of the most highly rated Table Management Systems (TMS) in the industry, 100+ integrations with leading consumer apps and POS systems, engagement data on over 250M unique diners, and a world class customer support with resolution times under 10 minutes.

Yanolja is a leisure platform that provides online accommodation and travel services. Its platform offers information regarding all aspects of travel including accommodation, leisure, and transportation that allow clients to book every type of hotel room from overseas. The company was founded in 2005 and is headquartered in Seoul, South Korea.

Grab operates a mobile technology platform that integrates city transportation for driver-partners and customers in South East Asia. It offers services like GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental.  Grab offers services in Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam, and Myanmar. Anthony Tan and Tan Hooi Lng founded it in 2012 and is headquartered in Singapore. It has additional offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam.

Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi-hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation.

Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Wang Xing founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

Launched in early 2013 and based in San Francisco, California, FlightCar connects visitors who need cars at the airport with locals looking to park them. By making it convenient and enjoyable for anyone to experience traveling in an original way at a great value, FlightCar saves travelers money, creates a more interesting experience, and offers a practical and novel new option for a collaborative community of travelers.

Hurb is a technology platform that creates solutions to make travel easier and optimize everything possible.  In the travel space business, the company sells 1 room night every 3 seconds and accounts for 1.56% (2020) of tourism GDP in Brazil. Its technology can be used to connect places, partners, users, locations, suppliers, disciplines and accesses, with over 20 million registered travellers, 35,000 destinations worldwide and more than 16 million followers on social media.  Hurb is a global brand based in Rio de Janeiro that operates all over Brazil and overseas, with offices in Porto (Portugal) and soon in Montreal (Canada).

Booking Holdings (NASDAQ: PCLN), formerly known as Priceline Group, provides online travel and related services to consumers and local partners through its six primary brands which are Booking.com, Priceline.com, KAYAK, agoda.com, Rentalcars.com, and OpenTable. Collectively, Booking Holdings operates in over 220 countries and territories across Europe, North America, South America, the Asia-Pacific region, the Middle East, and Africa in over 40 languages. The mission of Booking Holdings is to help people experience the world. It was founded in 1997.

<div> Booking Holdings Inc. (Nasdaq: BKNG) is the world's leading provider of online travel services. Founded in 1996, Booking Holdings operates several major online travel brands including Booking.com, Priceline, Agoda, Kayak, OpenTable and Rentalcars.com. Booking.com is the company's flagship brand and one of the largest travel ecommerce platforms globally. It offers a wide range of accommodation options including hotels, vacation rentals, apartments, and other unique places to stay. As of 2024, Booking.com has over 28 million reported listings in more than 220 countries and territories worldwide. The platform operates in 43 languages and features over 50 million verified guest reviews. Booking Holdings continues to innovate in the online travel space. The company has expanded its offerings beyond just accommodations to include flights, rental cars, restaurant reservations, and experiences. In recent years, Booking has invested heavily in artificial intelligence and machine learning to enhance personalization and improve the user experience across its platforms. The company has also focused on developing its mobile capabilities, with a significant portion of bookings now coming through mobile devices. </div>

Booking Holdings price target raised by $340 at JPMorgan, here's why

Platforms to search, compare, plan, and/or book flights, hotels, buses, trains and travel packages.

Platforms to search, compare, plan, and book alternative lodging in privately owned properties, including apartments and homes

Platforms to search, compare, plan, and book tours, events, and other travel-related recreational activities

Providers of corporate travel management solutions that help businesses with planning, controlling, tracking, and reporting on business travel activities, as well as distribution solutions and B2B booking engines

Car rental and ride-sharing solutions for long-distance travel

Providers of battery-powered luggage products equipped with technologies such as USB charging, built-in scales, TSA-approved locks, and real-time location tracking via GPS and cellular networks

Providers of technology-enabled solutions to enhance the guest experience, such as contactless and automated check-in services.

Providers of technology-based solutions for accommodation providers, tour/experience operators to optimize revenue and operations.

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<div>
 Priceline has improved its AI chatbot, Penny, by incorporating voice features through the use of OpenAI's latest Voice Engine and the GPT-4-powered Realtime API.
 Now, Penny has the ability to listen to and comprehend users' questions, anticipate needs based on prior interactions, and respond immediately in a chosen voice. The chatbot is being improved to perceive the customers' tone, respond fittingly, and understand various accents and speech patterns across over 120 languages.
 At present, the voice interaction is only available for queries related to hotels and destinations. Priceline, however, has plans to extend this feature to flights, car rentals, and vacation packages in the near future. The goal behind the integration of voice capabilities is to simplify the process of travel booking, making it as effortless as a conversation.
</div> Analyst QuickTake: 
 Companies in the travel tech industry are increasingly utilizing&nbsp;AI to streamline guest management services. In <a href="https: 
//sp-edge.com/updates/32164"> July 2024 </a> , Guesty launched ReplyAI, a GenAI messaging tool designed to automate guest communications, and in <a href="https: 
//sp-edge.com/updates/29442"> May 2024 </a> , Expedia introduced its AI assistant, Romie.

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