Stride had upwards of $330 million in bookings for tours in 2018, and it is looking to exceed $1 billion in 2019.
If the deal goes through, it will make Oyo the most valued startup along with Paytm.
This investment in Malta Air will allow Ryanair to grow its already sizable presence in Malta (3m customers p.a.), and access non-EU markets (North Africa) from Malta.
It takes three to four years for Accor to build a hotel in India thus investing in an existing successful chain is far and away the best way to quickly gain a strong foothold.
Travelstart is keen to bring consumerisation to the corporate and government sectors.
Cvent has spent the last few years gobbling up innovative companies to round out its gigantic platform for planners, hotels, and corporations.
Yanolja aims to conduct an initial public offering (IPO) as early as next year.
It remains to be seen whether Airbnb and Ctrip can maintain a close relationship with OYO in the long term given their overlap in certain business areas.
ChinaTravelNews is a wholly owned subsidiary of
©2018 TravelDaily Inc.