Upgrade Pack connects directly to airline and hotel APIs, enabling users to access live, premium seat and room upgrades at a typical saving of 15% to 35% through its closed online marketplace.
In a little over a year, Socio's client base has grown to more than 400 customers in nearly 50 countries.
Flight Centre said its Americas businesses, which together generated a AUD$70.2million profit before tax during FY18, were closing in on a profit in excess of AUD$100million for FY19.
Marriott announced plans for two new resorts that will cost more than $800 million combined to build.
Tour operators usually rely on a wide range of distribution partners, and tour operators take on a huge risk by handing over all their data and distribution power to a single OTA.
The plan going forward is to make Urbandoor’s longer-term listings bookable through Airbnb.
Existing investor Atresmedia and Michael Zeisser, the former chairman of U.S. investments for Alibaba Group, also participated in the financing.
It is aiming to close the deal in August, which will be its first Korean acquisition in five years.
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