MakeMyTrip will have to pare back an operating loss of nearly $43 million in a matter of three to four quarters.
The deal comes a year after Yanolja invested USD 15 million in Zen Rooms, with the right to fully acquire the latter in the future.
Sabre expects Radixx will generate about $20 million of revenue in 2019.
There are still well-documented bumps on the road to quality and branding in alternative accommodation.
Hoist Group has acquired HotelEngine, a Finland-based online booking tech specialist.
73 percent of travel buyers say Millennials demand different, more consumer-like tools out of their company’s travel program.
Klook processed $1 billion in bookings last year.
India has 25 million outbound travelers at present and the outbound travel market is projected to cross USD 42 billion over the next five years.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.