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Spain remains on the agenda of hotel investors despite the crisis |
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Spain remains a subject of interest object to investors in the hotel market, especially Madrid and Barcelona, according to a report by Jones Lang LaSalle Hotels. In addition, it has improved the confidence climate to invest in Europe. The growth in average in hotel room rates in Spain are expected to remain “very limited” this year. Source: Expansión |
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Google buys a flight and price search engine |
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The Internet giant has also bought ITA Software, a provider of travel, for 700 million dollars. Google ITA will use the data to create "new flight search tools, enabling users to compare prices. At the moment Google does not intend to sell tickets directly. Source: El Mundo |
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Intermediation grows back, according Amadeus |
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Global reservation system Amadeus is seeing a trend toward "reintermediation" based on the numbers of reservations. In this sense, says the GDS, flight bookings made through travel agents in the first quarter of 2010 exceeded the growth in air traffic (ie: 9.6% vs. 8.6%). This trend was seen mainly in southern and central Europe. Source: Travel Market |
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