MagicStay says it already provides 150,000 apartments in 90 countries since its inception four years ago.
This certainly won’t be the first or last acquisition we can expect to see in the hospitality industry.
The top 5 carriers comprise of Allegiant Air, EasyJet, Delta, Ryanair and GOL.
The new structure covers the functions of commercial strategy, strategic partnerships, global business services, product management, retail travel agencies, wholesale and sourcing.
Disruption of rate parity with innovative technologies seems to be a new threat, but it can also bring hotel companies new mindset for revenue management.
The reduction of early-stage deals probably indicates an overall maturing of the travel tech startup and squeezing out potential competitors.
Sydney travel booking system provider company Booking Boss was sold in mid-2017 to Singapore travel technology company Helix Leisure.
Freebird has gained a foothold in the corporate market by signing on publicly traded and Fortune 500 companies at a rate of about a dozen per quarter.
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