Search results for “acquisition”
Chinese hotel giant Huazhu reaps 15% of annual revenue from overseas unit
04/25/2021|5:55:27 PM|
As of last year, Huazhu still held USD 897 million worth of investments in companies including Accor (USD 593 million) and OYO (USD 10 million).
As AmEx scoops up Resy, a look at its history of acquisitions
05/20/2019|2:24:07 PM|
In five of the last eleven years AmEx bought zero known companies, but it has picked up three companies according to Crunchbase data this year.
Major Chinese OTA Tongcheng-Elong sees "continuing robust recovery trend" in Q4
03/23/2021|5:55:54 PM|
The company's average monthly paying users increased by 5.9% year-to-year to 28.7 million in Q4 2020, but average monthly active users decreased by 4.8% to 196.0 million.
Emerson acquires hospitality energy management company Verdant
03/13/2020|5:03:46 PM|
Verdant's products and services combine advanced occupancy and thermal sensing technologies with real-time analytics.
Accor’s Mendes bets on diversification, adaptability
04/15/2021|12:13:04 PM|
Luxury is all about diversification for different personality types and experiences, so a wider range of brands lets Accor achieve greater market share.
OYO acquires TUI's rental tour operating business
02/04/2020|8:35:41 PM|
OYO is reported to be reevaluating its U.S. and U.K. expansion strategy amid layoffs in a number of markets.
Flight Centre boosts tech platform with TPConnects investment
03/04/2020|5:10:20 PM|
TPConnects is the first IT Provider and Travel Aggregator to receive Dual Level 4 certification from IATA.
Cook’s Club brand to relaunch this summer
04/01/2021|3:46:57 PM|
The hotel brand is owned by Fosun Tourism following its acquisition of the Thomas Cook brand for £11 million at the end of 2019 and is targeting a ‘new generation of travelers’.
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