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.
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.
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.
Comparable revenue per available room flattened off to 0.1% from the 0.3% seen in the first quarter.
GBT CEO Doug Anderson said the company had a “very active [mergers and acquisitions] pipeline”, with 15 potential deals in the works.
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.
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.
Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.