Accor Fairmont merger

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Feb132016

Blame Priceline and Expedia. Hotel industry experts say more hotel chain consolidation coming

What financial experts in the hotel industry say is driving the move for hotel chain consolidation is Expedia and Priceline. These two online travel agencies (OTAs) control most of the hotel distribution bookings globally, they gobble up their OTA competition and their share of hotel bookings distribution is growing globally. The Priceline Group “Priceline: With…

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