Paytm says its travel business, launched in 2016, has more than 15 million customers and gross value of $1 billion.
The company already runs five holiday travel websites including Snaptrip, Last Minute Cottages, Big Cottages, and Dog Friendly Cottages.
The $55.7 billion worldwide total represents 10.7% of all revenue for the 76 airlines in the survey.
AvantStay already works with Airbnb, Vrbo, HomeAway and other rental platforms.
80 percent of hotels in OYO's core markets of India and China are unbranded, giving the group a ready pool of neglected outlets to sign up. While it is a completely different picture in Europe and North America.
Travelport’s latest global research shows that technology is key to this – from serving relevant and personalized offers to providing attractive propositions from trusted sources.
The company will be launching a multimillion-dollar marketing campaign with ads running on TV and digital platforms, highlighting its hosts and promoting the benefits of hosting.
OYO is reportedly going to create a separate entity in the US to help it acquire and run four- and five-star hotels, and is likely to own a minority stake in this entity.
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