Search results for “hotels”
Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review
Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
Hong Kong hotels witness all-time low occupancy at 63.9%
Hong Kong reported a massive decline in hotel demand at 28.8% with average occupancy for August dropping 29.8% to 63.9%; competition increased as hotel supply rose 1.5%.
RevPAG – The new indicator of hotel revenue performance
RevPAG is a more advanced metric for hotels to measure their revenue performance focusing on guest spending during stay.
Hotel Engine raises $16 million after 4 years of bootstrapped growth
Despite being bootstrapped since its founding in 2015, Hotel Engine has experienced 300% growth year-over-year and is now valued at over $150 million.
Asia is restricting visitors; Agoda offers long-term stays | Daily Brief
Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.
Fornova lands $7M in funding, plots rollout of business intelligence tech for hotels
Leading investor A/O and Fornova have formed a design partnership which will see Fornova’s Hotels BI platform put into A/O’s portfolio of 150 hotels.
Booking Holdings-backed Yanolja acquires Indian hotel tech firm eZee
Yanolja will pick up 21,000-plus global clients from eZee, which helps hotels and other customers manage room bookings and loyalty programs online.
43% of young Chinese travelers go to Ctrip for overseas hotel booking
31% of travelers surveyed go to Mafengwo for overseas trip planning and 23% choose Ctrip.
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Activities booking unicorn Klook acquires car rental firm Huizhuche
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
OYO sees signs of recovery in China after coronavirus outbreak
ANA partners Skyscanner on direct booking; Travelzoo furloughs global workforce | Daily Brief
Travelers fleeing global pandemic bid for limited flights to China
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