Facebook to become travel booking threat?

Expedia CEO says he expects Facebook to follow Google
The chief executive of Expedia predicts that Facebook will follow Google into the online travel booking business.
Facebook is already working on e-commerce, allowing users to save their payment data on its site and purchase products they see advertised there by using the ‘buy’ button. It’s only a matter of time before vacations are being booked there too, Expedia CEO Dara Khosrowshahi says.
“We do think that travel is such a significant portion of e-commerce that Facebook will have a travel-specific product,” he said.
Expedia and competitors like Priceline Group have quickly evolved into massive companies, taking a cut from hotels and flights as travellers book on their websites. Google now also allows users to book trips and accommodation directly through its search engine.
Once Facebook take the travel route there could be both risks and opportunities for Expedia and its rivals, Khosrowshahi explains, for example by using the social network as a platform to sell their own products.
“Social as a channel, Facebook as a channel, none of us have quite figured it out,” he says. “If there’s a player that figures out social in a big-scale way, that’s a player that is going to steal share, over us and the other traditional players.”
Bloomberg

x

Check Also

Farnborough airshow day 3, a slow day for new orders.

After 2 days with more than USD 98 billion of new aircraft and services contracts, it slowed down on day 3.

Singapore Airlines, business, premium economy, product, long-haul, Stockholm, first class

Skytrax 2018 airline awards, the best airline in world is Singapore Airlines.

The Skytrax awards were presented this week at the Langham Hotel in London and one Nordic carrier did well.

Radisson Blu opens up the biggest hotel in Vilnius.

The Radisson Blu Hotel Lietuva, located on the right bank of the River Neris in Vilnius, has successfully completed a large-scale development project and is now the biggest hotel in the city.

Farnborough Airshow day 2, a record of 530 new aircraft ordered and valued to USD 51.4 billion.

Another good day for aircraft producers Boeing, Airbus and Embraer, during the first 2 days they have signed new aircraft orders for a massive USD 95.5 billion.

City Jet and Air Nostrum to merge, the consolidation in European aviation is on-going.

Irish City Jet and Spanish Air Nostrum join forces and when merged under a holding company it will emerge as the largest regional airline in Europe.

Finnair, China, Asia, TTG China, award, travel, Europe

Finnair H1 result is under pressure by high fuel prices and more competition on routes to Asia.

Finnair reported Tuesday 17th July its H1 (January-June) results. The operating result came in 41.9 percent below last year, disturbing the financial markets and Finnair shares fell sharply in early trading at Helsinki stock exchange.