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Oracle Hospitality to buy hotel tech startup Nor1 that upsells you before you reach the front desk

The acquisition will broaden the reach of Oracle Hospitality’s cloud-based property management system.

11/20/2020|5:07:40 PM|Skift

Asia leads innovation in global travel and mobility tech sector, report says

VC firms have poured more than USD 80 billion into Asian travel and mobility tech startups from 2010 to 2019.

11/19/2020|8:03:57 AM|KrASIA

Sabre records $312M revenue loss, IT business revenue exceeds distribution

Distribution revenue came in at USD 105 million, a decline of 84% year-on-year while IT Solutions revenue was USD 132 million down 46% year-on-year.

11/07/2020|11:15:07 AM|Phocuswire

Amadeus posts 70% drop in revenue, 90% drop in air bookings

Passengers boarded contracted by 63.0%, to 553.2 million for the first nine months of the year.

11/07/2020|9:28:25 AM|Reuters

Expedia Group reports 68% drop in gross bookings in Q3

"The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines."

11/05/2020|8:05:25 AM|ChinaTravelNews

WeChat hotel marketing expert Zhiketong raises $50 million in series D round

Zhiketong targets to have clients’ total transaction value exceeding the RMB 100 billion (USD 14.97 billion) mark by 2025.

11/04/2020|7:52:46 PM|ChinaTravelNews

China Southern Airlines reports first quarterly profit since pandemic hit

The number of weekly international flights serving mainland China from late October through next March is set to decline by 96.8%.

11/02/2020|3:10:03 PM|Reuters

Wyndham's Greater China RevPAR down by 29% in Q3

Global comparable RevPAR declined 35% year-on-year while system-wide rooms declined 2%.

10/29/2020|6:40:17 PM|ChinaTravelNews
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