The company says it now has more than 120 participating hotels.
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.
The company has secured credit and guarantee facilities of USD 100 million, which includes a USD 70 million facility from MakeMyTrip's largest shareholder.
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.
The rising tension between China and India may pose a threat to business investments and partnerships between the two countries.
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.
IAC believes MGM presented a ‘once in a decade’ opportunity for it.
The GDS platform completed integration with Google Cloud and delivered first phase of Google Flight Search Availability.
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