Travelport reported net income of USD 21 million in Q3 2016 against its USD 1400 million net loss in the previous quarter.
Airbnb has told Chinese users that it will store their personal data locally as foreign tech companies operating in China respond to increasing regulatory pressure.
Airbnb has launched Airbnb China, a distinct unit within the overall business that address specific Chinese regulations around data sharing.
Homestay startup Xiaozhu received USD 65 million in C+ and D rounds. The C+ round was backed by Capital Today and the D round had JOY Capital and BAI as lead investors.
With more than USD 2.5 billion being invested in travel companies, Scotland-based flight metasearch site Skyscanner led the pack in European funding.
Facebook found that 77% of people will return to the same brands again, with 37% of them being “brand loyalists”.
After suffering tough regulation, Airbnb decides to set up homesharing clubs to enable homeowners have their unified voice.
Expedia will begin including vacation rental listings from stablemate HomeAway in the next few months as the battle for alternative accommodation heats up.