Vietnamese sharing economy is expected to reach US$335 billion in global value by 2025, or a 22-fold jump in a decade, according to a PwC research.
Six of the largest 10 deals involved European brands, and one took place in China.
Hotel MoMc is optimistic of the budding markets in the second-, third- and fourth-tier cities and aims to integrate local characteristics to create personalized stays.
FlyZoo Hotel in Hangzhou, capital of east China’s Zhejiang Province, where Alibaba has its headquarters, is known as the company’s first “future hotel”.
Startups that do take funding from SoftBank become addicted to capital and prematurely lead their startup into dizzying growth trajectories.
Three elements are crucial to coming out on top: enough distribution, the right supply mix and a convenient booking experience.
Potential buyers weighing an offer for all or part of the company included KSL Capital Partners LLC, Blackstone Group LP, KKR & Co. and Ashkenazy Acquisition Corp., people familiar with the matter told Bloomberg.
The acceptance period for the new offer will run between 7 January and 1 February, with Radisson due to comment on the deal no later than two weeks from the beginning of February.
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