The transaction value is approximately $5 billion including assumed debt.
Revenue from accommodation reservation services increased by 8.8% to RMB489.2 million and revenue from transportation ticketing services increased significantly from RMB208.2 million to RMB1,258.9 million.
The New York-based company promises “tech-forward accommodations,” including a mobile app for check-ins and messaging with customer service.
We will look to drive shareholder returns through a combination of organic growth investment, share repurchases, and opportunistic M&A.
The India OTA market is becoming consolidated with very few players dominating. This helps investors to scale.
In early 2018, Hostfully merged with Orbirentals, a fellow specialist in vacation rental management technology.
Amadeus' adjusted profit grew 9.5% to €334.7 million, while EBITDA expanded 11.3% to €599.8 million.
Tourlane has angel investors including Airbnb founder Nathan Blecharczyk, GetYourGuide founder Johannes Reck and Trivago’s founders.
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