The startup is in the final stages of completing the deal that could give its six-year-old business a post-money valuation of at least $1.5 billion, two sources told TechCrunch .
In addition to Smart Hotel, Tencent and Shangri-La have plans to bring the strategic partnership to cover a much wider scope and scale in the future.
The Shanghai Wonderland is opening after almost 10 years of being under construction.
LINE announced a new five-way partnership deal with Agoda, Lions Travel, KKday and Tripresso to create “a new model of tourism e-commerce”, dubbed LINE Travel.
In the last two years, work on 66 projects has already started. Fifty projects will start construction this year and the rest 13 will start in the following two years.
Moreover, Hyatt hotels will be accepting Union Pay cards, the most common payment method in China.
In 2017, the number of tourists in China's theme parks reached 190 million, an increase of 20%.
The project is scheduled to start construction in 2019 and open in 2021 with an estimated number of 10 million tourists each year.
Pakistan’s travel market stood at US$8.8 billion in 2017, contributing 2.9% of the total GDP, and is forecasted to grow to US$16.4 billion by 2028.
Every year, businesses lose billions of dollars because they can’t forecast changes in demand, customer interest and activity.
Hotelmize tracks and predicts price fluctuations through artificial intelligence, providing a revenue management system to help hotel resellers increase their profitability.
MEXIA’s technology enables airports to predict where bottlenecks may arise across check-in, security and taxi lines.
TripActions has raised $232 million in funding to date.
The direct channel also drives the most bookings in the United Kingdom (41%), while Booking leads in Italy and Portugal (42% and 46%, respectively), and Airbnb wins in Spain and France (38% and 29%, respectively).
In the third quarter, TripAdvisor boasted 140,000 bookable tours and activities, nearly doubling them year-over year.
Total Revenue grew 4% to $458 million, an increase of $19 million year-over-year. GAAP Net Income grew 176% to $69 million.
