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From sleepless in Singapore to $70 million for cut-rate hotels

From sleepless in Singapore to $70 million for cut-rate hotels

RedDoorz CEO Saberwal wants to build a company with a valuation of $1 billion by next year, possibly $5 billion in two to three years, by which time he hopes to take RedDoorz public.

08/19/2019|11:41:04 AM|Bloomberg
GreenTree revenues climbed 21.6% in Q1, occupancy dropped by 1.5 percentage points

GreenTree revenues climbed 21.6% in Q1, occupancy dropped by 1.5 percentage points

Total revenues grew 21.6% thanks to addition of 134 hotels, improved RevPAR, membership growth, and the consolidation of the Argyle's results of operation.

08/16/2019|5:53:42 PM|GreenTree Hospitality
Sabre to close Farelogix acquisition in August

Sabre to close Farelogix acquisition in August

Sabre said the DOJ will need to file a complaint in a federal court before the deal closes if it plans to block the purchase.

08/15/2019|5:01:45 PM|BBT
InterContinental Hotels hit by slower Revpar growth in China and US

InterContinental Hotels hit by slower Revpar growth in China and US

Comparable revenue per available room flattened off to 0.1% from the 0.3% seen in the first quarter.

08/13/2019|2:55:17 PM|Proactiveinvestors
Amex GBT snaps up Middle East TMC

Amex GBT snaps up Middle East TMC

GBT CEO Doug Anderson said the company had a “very active [mergers and acquisitions] pipeline”, with 15 potential deals in the works.

08/13/2019|2:43:05 PM|BBT
Travel photography platform Roto Travel raises 50 million yuan in funding

Travel photography platform Roto Travel raises 50 million yuan in funding

Roto Travel will use the proceeds to consolidate existing business and establish a travel content portal and community by pooling together travel resources and travel photography KOLs.

08/12/2019|11:10:10 AM|ChinaTravelNews
Vacation exchange network RCI acquires Alliance

Vacation exchange network RCI acquires Alliance

RCI, the world's largest vacation exchange network as part of Wyndham Destinations, announced it has acquired travel technology platform Alliance Reservations Network (Alliance) for $92 million.

08/09/2019|12:02:33 PM|Hospitalitynet
TripAdvisor hotel revenue down by 9%, adjusted EBITDA up by 17%

TripAdvisor hotel revenue down by 9%, adjusted EBITDA up by 17%

Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.

08/08/2019|2:40:49 PM|TripAdvisor
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