In 2015, Chinese adults aging 18-34 accounted for about 60 percent of outbound travelers, according to Phocuswright.
Airbnb said that users can book tables at about 650 restaurants across the US. The company plans to become a full-service travel-booking platform like Priceline and Expedia.
Chinese tourism platform Joyu Group announced that it has received RMB 1 billion for its online platform Lvmama, and that Res Publica Industry & Finance Holdings has become its new partner.
The business mode of Yuelvhui is to “expand lifestyle and travel IP on top of meeting basic travel demands”.
China’s outdoor sports platform 117 Sport has raised tens of millions of yuan in its Pre-A round of financing. The lead investor was Beethink.
Skift estimated Google’s travel business could be worth $100 billion, contributing about 15% to Google’s $650 billion market cap; Google travel revenue in 2016 was expected to be $11.2 billion.
Wego has picked up more funding from another Middle East venture firm after raising $12 million from MBC last month. The company looks to expand its metasearch model across the region.
The online-offline blend threaded through the TravelDaily Conference has created a division between brands that believe in the power of physical stores and those that stay the digital course.