B&B Hotels has more than 450 hotels in 10 countries and reported revenue last year of 580 million euros.
Airlines such as Vistara UK, GoAir, SpiceJet, and Indigo were among the carriers offering flights through the service, which offered up to 2,000 rupees ($28.50) cash back on bookings.
The deal is subject to agreement on the final terms and to shareholder and regulatory approval.
In five of the last eleven years AmEx bought zero known companies, but it has picked up three companies according to Crunchbase data this year.
The company’s immediate priorities include aggressive expansion into the Americas and Asia, taking what has been learned from the company’s growth throughout Europe to gain a foothold in these markets.
In the new markets, TUI will ape online travel agencies, selling dynamic packages with the aim of getting to one million customers and $1.1 billion in revenue by 2022.
By entering this partnership, HaoQiao shows its aim to reach global coverage with multi-product lines which already include accommodation, local tours and flight.
Away has brought in a total of $181 million, including the latest investment.
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