Launching its India operations with an acquisition is a natural extension for Lastminute.com.
TheFork is considered to be the fastest growing platform, with more than 30 million visits every month.
Sabre already competes, in a sense, with D-Edge in that it also offers a booking engine, a customer relationship management service, and some channel management services.
Data shows there are 64 million seats scheduled to fly within China, compared to 47.4 million seats within the US.
Meir believes the company’s strategy, which mixes technology with human interaction, continues to be the “golden path for success."
This week, Skyscanner has begun offering it with Aeroflot and Westjet via a service it calls “direct booking.”
ZoloStays is looking to start another 500 to absorb the future demand.
The Expedia Group deal with Apollo and Silver Lake consisted of a USD 1.2 billion in preferred stock, and USD 2 billion in debt financing.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.