Indian OTA Yatra.com has identified an immediate offline-to-online shift in bookings after the government took some older banknotes out of circulation at short notice.
Booking platform for luxury and apartment-style hotel suites Suiteness wants to double the number of cities on its roster, using funds from $5 million capital-raise it has unveiled this week.
San Francisco, London, Shanghai, Amsterdam and other six cities have emerged as hubs of excellence, driven by not only a critical mass of expertise but also favorable social and economic conditions.
Traxo has landed another sizeble investment round – this time a Series B injection led by TripAdvisor to the tune of USD 5.2 million.
According to a report, 49% of respondents shifted stays away from so “traditional hotels” over the course of the last year and the likes of Expedia, Booking.com might experience some kind of donwside contagion as a result.
Expedia is on the way to becoming the world’s first $100 billion travel agency, a landmark it will achieve in the next few years, according to its chief executive.
Analysts are bullish about Trivago potential IPO, but the company currently splashes out a massive 88% of revenue on marketing.
Ctrip bought Skyscanner for USD 1.75 billion in November. The deal allows Skyscanner to strengthen and augment its existing offering, ensuring that it’s the world leader in the metasearch field.