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Alibaba buys a 5% stake in tour operator Utour for $56.5 million

Alibaba and Utour will cooperate on product supply, channel and branding, big data technology, payment and system solutions.

09/29/2020|11:06:08 PM|ChinaTravelNews

Travel experiences platform KKday raises $75 million in Series C round

The new funding will be used to continue to expand in Asia and globally and to build out a new solution for travel operators and activity providers, Rezio.

09/29/2020|3:12:27 PM|ChinaTravelNews

Trip.com posts 64% revenue drop, sees full recovery in domestic flights, hotels bookings

The company records a strong recovery of China domestic businesses, offset by a steep decline of international businesses.

09/25/2020|6:54:07 AM|ChinaTravelNews

Alibaba may invest in Grab to bolster its business in Southeast Asia

Working closely with Grab would enable Alibaba to strengthen its e-commerce operations in SEA and build a broader payments and commerce ecosystem, like WeChat Pay has in China.

09/16/2020|5:17:01 PM|BusinessInsider

Hotel giant Huazhu reports nearly 32% drop in Q2 revenue

Occupancy at Legacy Huazhu was 79% in July and 84% in August.

09/15/2020|2:25:45 AM|ChinaTravelNews

Sabre sees modest signs of recovery in July, August

The strongest recovery has been in hotel bookings, with gross hotel central reservation system transactions down 55% in July and 50% in August.

09/03/2020|3:24:47 PM|ChinaTravelNews

Group that operates TWA hotel buys Chinese tech firm after president trump’s national security order

MCR said it would invest $10 million over the next year in StayNTouch.

09/01/2020|3:25:33 PM|Skift

After early-COVID layoffs, Hipcamp is buying competition, hiring

To date, Hipcamp has helped people spend 2.5 million nights outside across 6,000 hosts in the United States, Australia and Canada.

08/31/2020|10:51:16 AM|TechCrunch
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