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TravelSky sells a stake in its consumer-facing App to China Southern

TravelSky sells a stake in its consumer-facing App to China Southern

The state-controlled giant is taking a step to better adjust to the market-based economy and explore monetization for its app unit.

05/28/2020|2:34:11 PM|ChinaTravelNews
Shares issue and new banking facility boosts On The Beach’s liquidity by £120 million

Shares issue and new banking facility boosts On The Beach’s liquidity by £120 million

A total of 26,143,500 ordinary shares in the OTA have been placed at a price of 257.5p per share representing almost 20% of the company’s existing issued share capital.

05/27/2020|1:51:51 PM|Travolution
Bain Capital: Virgin Australia needs to regain "Virgin Blue fun"

Bain Capital: Virgin Australia needs to regain "Virgin Blue fun"

Bain's Virgin 2.0 will be an airline for all Australians, with Australian management and staff, funded by significant Australian money, and Bain Capital, which has been investing in Australia for more than 20 years.

05/26/2020|6:20:15 PM|Executive Traveller
Indonesian capsule hotel startup Bobobox bags $11.5 million Series A funding

Indonesian capsule hotel startup Bobobox bags $11.5 million Series A funding

They are tapping into a sizeable market of USD 20 billion in Southeast Asia.

05/21/2020|2:47:06 PM|DealStreetAsia
Huazhu initiates major restructuring to pursue global ambition

Huazhu initiates major restructuring to pursue global ambition

China remains key to the company's operation while Huazhu will continue its investments for international expansion.

05/20/2020|10:58:13 PM|ChinaTravelNews
Airfare prediction firm Hopper raises $70 million

Airfare prediction firm Hopper raises $70 million

The company had to lay off an undisclosed number of people a month ago due to the crisis.

05/15/2020|2:37:42 PM|Skift
Travel short video service provider Jufeng Network raises millions of yuan

Travel short video service provider Jufeng Network raises millions of yuan

The company wants to help tourist attractions, homestay businesses, hotels and itineracy providers build quality travel brands.

05/12/2020|12:43:14 AM|ChinaTravelNews
Futurestay announces $2.4M venture round

Futurestay announces $2.4M venture round

The company’s bookings have dropped by about 85% due to the COVID-19, but it continues to increase by about 3,000 properties per month.

05/07/2020|1:42:58 PM|Phocuswire
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