Search results for “investment”
Fornova lands $7M in funding, plots rollout of business intelligence tech for hotels
Leading investor A/O and Fornova have formed a design partnership which will see Fornova’s Hotels BI platform put into A/O’s portfolio of 150 hotels.
GreenTree Hospitality registers 8.6% drop in revenues for Q3
RevPAR was down by 19.8% year-over-year.
China remains top travel source; HK-Singapore bubble postponed | Weekly Review
Xbed hotel brand raises more than $15 million; Tour operator group Caissa has 180 days to pay and acquire OTA Tuniu's shares.
Online travel is expected to bounce back to $60B by 2025, says e-Conomy SEA Report
CAGR of most SEA countries is expected to exceed 30% by 2025.
Taiwan OTA accused of leaking data to China; Meituan posts 113M room nights | Daily Brief
Fosun targets Greater Bay Area tourists with Thomas Cook resort on Zhuhai island; Japan, China resume business travel.
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
China proposes global travel QR code; Officer leaves Airbnb on data concerns | Daily Brief
Shanghai airport momentarily descends into chaos after workers test positive; Lifestyle travel brand Betterwood gets new investment.
Grab’s $100 million investment in budget hotel chain OYO reveals SoftBank’s firm hand
In Southeast Asia, SoftBank has tasked Grab’s CEO Anthony Tan to form joint ventures with a handful of portfolio companies to help those startups break into the region.
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Online travel giants Meituan, Tongcheng actively invest in hotel groups
Hong Kong to use vaccine records for travel; China's travel added value nears $690B | Daily Brief
Sonesta to add more than 900 hotels with $90m RLHC buy
How flying will change in 2021
Timeshare king Wyndham Destination buys Travel + Leisure for $100 million
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