The new capital brings the total invested in the U.S.-based company to $40.5 million.
Cathay’s Asia Miles loyalty programme is expected to takeover HK Express’ Reward-U loyalty programme while HK Express’ holiday arm U-Fly Holidays is expected to be folded into Cathay Pacific Holidays.
It meets customers' personalized needs and solves their living problems related to immersive outdoor travel through cloud platform and big data technology.
This year TurnKey says it will hit several milestones, including hosting its one millionth guest, surpassing 5,000 homes on the platform and more than $400 million in gross checkout value.
The deal means that Cathay Pacific, a traditional business-oriented airline, has wiped out a direct competitor in the Hong Kong market and made up for its shortcomings in low-cost flights.
Collinson says it hopes to create an incubator to support other startups operating in the same sphere of customer loyalty and service platforms.
The proceeds will be used primarily to boost China Southern’s core air transport business, and “in line with the Belt and Road Initiative and the Guangdong-Hong Kong-Macau Greater Bay Area strategy”.
The proceeds will be used to launch operations in Latin America and Asia, and to build a car-pooling service.
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