The two additions enhance the initiative’s portfolio in areas such as mobile and AI and increase the Lab programme’s footprint at its technology development hubs in Barcelona and Bangkok.
Ebix said it might reduce its offer if it does not receive a positive response from Yatra 's board.
Spending by international visitors in the US dropped nearly 1% largely due to stagnating visitor arrivals from China; OYO China CFO said that the firm will think through profitability models in China.
Northeast Asia, which includes China, ranked second with $2.1 trillion in travel and tourism-driven economic activity last year.
Domestic room nights consumed increased by 38.5% to 283.9 million in 2018.
HotelPlanner experienced a 40% increase in revenue growth and serviced over $10 billion in group hotel travel in 2018.
While Booking.com is a European-centric company and a big chunk of its business is in Europe, it is seeing a lot of growth in Asia.
The acquisition values HotelTonight around $465 million and that could be Airbnb’s biggest acquisition.