This year TurnKey says it will hit several milestones, including hosting its one millionth guest, surpassing 5,000 homes on the platform and more than $400 million in gross checkout value.
The deal means that Cathay Pacific, a traditional business-oriented airline, has wiped out a direct competitor in the Hong Kong market and made up for its shortcomings in low-cost flights.
Collinson says it hopes to create an incubator to support other startups operating in the same sphere of customer loyalty and service platforms.
The proceeds will be used primarily to boost China Southern’s core air transport business, and “in line with the Belt and Road Initiative and the Guangdong-Hong Kong-Macau Greater Bay Area strategy”.
The proceeds will be used to launch operations in Latin America and Asia, and to build a car-pooling service.
Najah Air plans to take up minority stake in Malaysia Airlines in a debt-for-equity swap and wants countrol of the board and management.
TravelPerk will announce “major product additions that will bring a new level of disruption to the pricing structure of an industry that is still dominated by outdated solutions”.
The acquisition of Yatra would lend itself to significant synergies and the emergence of EbixCash as India’s largest and most profitable travel services company.
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