Technology-focused private equity group Accel-KKR has acquired a stake in Cendyn, a provider of B2B technology for hotel marketing and event management.
VerbalizeIt, a startup that runs an on-demand, remote translation platform, has been acquired bySmartling, a translation software business.
Chinese local travel platform Yikuaiqu.com was listed on the New Third Board, officially known as the National Equities Exchange and Quotations (NEEQ), on May 20.
Adrenaline Hunter, an online booking platform for extreme sports and outdoor activities, has raised Euro 600,000 from a number of investors.
Regiondo has managed to secure a mid-range seven-digit Euro financing round from Jochen Schweizer, one of Germany’s high profile entrepreneurs and TV personalities.
The latest Criteo Travel Flash Report shows that apps accounted for 57% of bookings in the first quarter of 2016.
MakeMyTrip generated revenue of $88.0 million in the fourth quarter and $336.1 million in the year ended March 31, 2016, an increase of 28.3% and an increase of 12.1% respectively. Its gross bookings for Hotels and packages increased by 61.8% in 4Q16 and by 27.9% in FY16.
After nearly two years of preparation, momondo believes the timing is right to create awareness about its travel meta-search product in China.