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Trip.com-invested B2B travel firm buys back stake amid China-India tensions

Trip.com-invested B2B travel firm buys back stake amid China-India tensions

Pankaj Nagpal, Managing Director of Travstarz Global Group, said Travstarz shall soon "be a 100% Indian company once again".

06/21/2020|8:35:51 AM|Travel Biz Monitor
Wingly raises €3 million to expand its platform for sharing private flights

Wingly raises €3 million to expand its platform for sharing private flights

So far the platform has grown to 300,000 members, with 20,000 pilots offering their services.

06/18/2020|12:28:26 PM|EU-Startups
Bob W secures €4 million in seed funding round

Bob W secures €4 million in seed funding round

Beyond this year, the company holds ambitions to grow to 1,000+ units across the Nordic and Baltic nations, as well as the United Kingdom, within the next two years, despite the coronavirus outbreak.

06/18/2020|12:07:34 PM|Short Term Rentalz
TravelSky adds China Eastern as investor for its mobile app

TravelSky adds China Eastern as investor for its mobile app

TravelSky Mobile Tech is seeking monetization and profitability through a series of reforms including this capital restructuring plan.

06/14/2020|10:31:56 AM|ChinaTravelNews
The Hotels Network raises €10M to boost direct booking for properties

The Hotels Network raises €10M to boost direct booking for properties

More than 5,000 hotels in 96 countries use THN’s technology to boost direct bookings.

06/11/2020|7:46:08 PM|Phocuswire
Travelport receives $500 million in fresh financing from private equity

Travelport receives $500 million in fresh financing from private equity

The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.

06/08/2020|6:00:31 PM|Skift
Peer-to-peer RV rental startup Outdoorsy attracts $88 million in venture funding

Peer-to-peer RV rental startup Outdoorsy attracts $88 million in venture funding

Outdoorsy has seen a 2,645% increase in bookings from the low point of COVID, which was late March, to right now.

06/05/2020|5:28:53 PM|Techcrunch
Chinese hotel group GreenTree sees a 33% drop in Q1 revenue

Chinese hotel group GreenTree sees a 33% drop in Q1 revenue

The company expects its total revenues to decrease by 10%-15% for the full year 2020.

06/05/2020|2:18:13 PM|ChinaTravelNews
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