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India’s Paytm to invest $35M in travel business

India’s Paytm to invest $35M in travel business

Paytm says its travel business, launched in 2016, has more than 15 million customers and gross value of $1 billion.

09/20/2019|6:01:42 PM|Phocuswire
Snaptrip acquires rival accommodation website

Snaptrip acquires rival accommodation website

The company already runs five holiday travel websites including Snaptrip, Last Minute Cottages, Big Cottages, and Dog Friendly Cottages.

09/20/2019|3:00:39 PM|Travolution
2019 CarTrawler ancillary revenue yearbook shows $55.7 billion in extra revenue for 76 airlines

2019 CarTrawler ancillary revenue yearbook shows $55.7 billion in extra revenue for 76 airlines

The $55.7 billion worldwide total represents 10.7% of all revenue for the 76 airlines in the survey.

09/19/2019|6:13:28 PM|IdeaWorksCompany
AvantStay locks in $20M in funding, looks to expand short-term rental portfolio

AvantStay locks in $20M in funding, looks to expand short-term rental portfolio

AvantStay already works with Airbnb, Vrbo, HomeAway and other rental platforms.

09/19/2019|4:36:33 PM|PhocusWire
SoftBank looks to Oyo after WeWork setback

SoftBank looks to Oyo after WeWork setback

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.

09/19/2019|4:18:00 PM|FT
Demand from travelers for value, personalization and digital solutions continues to mount

Demand from travelers for value, personalization and digital solutions continues to mount

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.

09/19/2019|1:54:58 PM|Travelport
Airbnb second-quarter revenue topped $1 billion

Airbnb second-quarter revenue topped $1 billion

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.

09/19/2019|12:05:03 PM|Reuters
OYO to raise $200 million for luxury push in US

OYO to raise $200 million for luxury push in US

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.

09/18/2019|9:54:47 PM|Mint
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