The deal comes a year after Yanolja invested USD 15 million in Zen Rooms, with the right to fully acquire the latter in the future.
There are still well-documented bumps on the road to quality and branding in alternative accommodation.
Net revenue for 2019 Q3 is expected to increase by 10%-11% year-over-year, in line with guidance.
Hoist Group has acquired HotelEngine, a Finland-based online booking tech specialist.
This project marks Sweetome's first foray into the European market.
In addition to third-party websites that mimic hotel websites and call centers, this new research shows just how big of a problem deceptive advertising is on some online travel agency websites.
Most of Meituan’s room nights are booked by locals like mahjong players and the average room night may only cost about RMB 100, so even with lots of room nights booked, it’s difficult to make money.
The proceeds will be used for product development and market expansion.
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