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TravelSky adds China Eastern as investor for its mobile app

TravelSky Mobile Tech is seeking monetization and profitability through a series of reforms including this capital restructuring plan.

06/14/2020|10:31:56 AM|ChinaTravelNews

The Hotels Network raises €10M to boost direct booking for properties

More than 5,000 hotels in 96 countries use THN’s technology to boost direct bookings.

06/11/2020|7:46:08 PM|Phocuswire

Travelport receives $500 million in fresh financing from private equity

The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.

06/08/2020|6:00:31 PM|Skift

Peer-to-peer RV rental startup Outdoorsy attracts $88 million in venture funding

Outdoorsy has seen a 2,645% increase in bookings from the low point of COVID, which was late March, to right now.

06/05/2020|5:28:53 PM|Techcrunch

Chinese hotel group GreenTree sees a 33% drop in Q1 revenue

The company expects its total revenues to decrease by 10%-15% for the full year 2020.

06/05/2020|2:18:13 PM|ChinaTravelNews

OCT to invest in Phoenix Valley eco-tourism project

OCT will invest USD 2.11bn to the whole project.

06/05/2020|1:39:15 PM|InterPark

Trip.com Group founds a startup-investment firm with $14 million

Mr. Jay Shen, vice president of the Trip.com Group, serves as legal representative of the new company.

06/04/2020|8:45:04 PM|ChinaTravelNews

Palminvest buys Portuguese hotel chain for $335 million

The acquisition is a risk worth taking although it could take up to five years to restore its profits to where they were before the outbreak.

06/04/2020|5:35:35 PM|Reuters
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