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Porter & Sail acquires hotel credit competitor FutureKey

Porter & Sail acquires hotel credit competitor FutureKey

The company says it now has more than 120 participating hotels.

08/25/2020|4:46:33 PM|Phocuswire
Latin America’s Despegar is on a buying spree despite pandemic challenges

Latin America’s Despegar is on a buying spree despite pandemic challenges

Excluding these financing deals, Despegar finished the June 30 quarter with USD 228 million in cash and equivalents to get it through the coronavirus crisis.

08/24/2020|4:28:53 PM|Skift
MakeMyTrip posts a 95% drop in revenue

MakeMyTrip posts a 95% drop in revenue

The company has secured credit and guarantee facilities of USD 100 million, which includes a USD 70 million facility from MakeMyTrip's largest shareholder.

08/23/2020|12:14:24 AM|ChinaTravelNews
Meituan reports 8.9% rise in revenue, 17% decline in hotel room nights

Meituan reports 8.9% rise in revenue, 17% decline in hotel room nights

Hotel business continued to be significantly affected by the pandemic, with the number of domestic room nights consumed in the second quarter decreasing by 17% to 78 million.

08/22/2020|11:10:23 AM|ChinaTravelNews
Trip.com Group controls nearly 49% voting rights of MakeMyTrip

Trip.com Group controls nearly 49% voting rights of MakeMyTrip

The rising tension between China and India may pose a threat to business investments and partnerships between the two countries.

08/19/2020|11:51:53 PM|ChinaTravelNews
IHG's Greater China RevPAR drops 62% in half year

IHG's Greater China RevPAR drops 62% in half year

The Greater China area generated USD 18 million in half-year revenue for IHG, and that's only 1.4% of the UK-based hotel chain's global income in the period.

08/12/2020|5:15:34 PM|ChinaTravelNews
Barry Diller’s IAC takes USD 1 billion stake in MGM resorts with eye on online gaming

Barry Diller’s IAC takes USD 1 billion stake in MGM resorts with eye on online gaming

IAC believes MGM presented a ‘once in a decade’ opportunity for it.

08/12/2020|1:47:07 PM|Skift
Sabre revenue plunges 91.7% in Q2

Sabre revenue plunges 91.7% in Q2

The GDS platform completed integration with Google Cloud and delivered first phase of Google Flight Search Availability.

08/08/2020|4:51:09 PM|ChinaTravelNews
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