$4b-plus deal puts Travelport back in private hands
Following weeks of market talk and amid cuts made in the company, Travelport is to be acquired by affiliates of Siris Capital Group, LLC and Evergreen Coast Capital Corp. in an all-cash transaction valued at approximately $4.4 billion.
The transaction, expected to close second quarter [...]
Asian wholesalers form alliance to “reshape the travel landscape”
Four major travel players in Asia have joined forces to form the OPP Alliance in its bid to “reshape the travel landscape” by sharing hotel and travel supply, exchanging technology resources/best practices and improving industry innovation.
The coalition said in a statement it also aims to pe [...]
Singtel Innov8 leads A$22m Series B in Australia’s Data Republic with SIA taking a stake
Sydney-based tech startup Data Republic has raised A$22 million (US$16.1 million) in Series B funding to accelerate its expansion in Asia.
The round was led by Singtel Innov8, the corporate venture arm of Singtel, Singapore’s leading communications technology group. Singapore Airlines came in a [...]
Bear Luxe Japan launches B2B portal to address luxury travel market
In an effort to address Japan’s growing luxury tourism market, Bear Luxe Japan – an online platform and community of luxury travel suppliers and international buyers – has launched a B2B membership portal to better communicate, exchange services and develop partnerships between suppliers and [...]
Klook enters strategic partnership with Shangri-La Hotels and Resorts
Tours and activities aggregator, Klook has entered a strategic partnership with Shangri-La Hotels and Resorts to boost each guest’s stay by granting them access to its inventory of in-destination experiences. In exchange, Klook will be the tours and activities provider of choice, for the internati [...]
The Wrap: Antarctica – the hottest new destination for Chinese travellers
In the news: Antarctica’s new playground for Chinese tourists, Troovo and Serko team up, Vistara’s renewed distribution deal
Travel: Antarctica – the hottest new destination for Chinese travellers
The breath-taking scenery of a frozen land, travelling to the southernmost continent [...]
Cloud-based e-ticketing platform, GlobalTix, closes S$12.5M funding round
GlobalTix – a cloud-based e-ticketing and B2B marketing platform, with a specific focus on digitalising tickets for tourist attractions – has just raised a S$12.5 million investment round, led by Singapore-based VC firm, Tin Men Capital.
GlobalTix was founded by brothers Chan Chee Kong (COO) [...]
The Wrap: China’s airports and airlines are increasing investment in IT with cybersecurity the top priority
In the news: IT investments by China's airports and airlines, report on worldwide airline ancillary revenue in 2018, live chat channel for hotels
Aviation: China’s airports and airlines are increasing investment in IT with cybersecurity the top priority
China’s aviation industry is ex [...]
Blanca Menchaca is new CEO of BeMyGuest
BeMyGuest, one of Asia’s fastest growing tours and activities platforms, has named Blanca Menchaca chief executive officer, with Clement Wong stepping down from the position after founding the company in 2012.
In a LinkedIn post Wong said that having helmed the company as CEO for almost seven y [...]
Young, independent female travellers fuel growth of China’s outbound travel market
They are young, independent, adventurous, preferring to travel solo – these are the post-90s and post-00s women contributing to the rapid growth of outbound travel from China, according to the latest Ctrip and Mastercard 2018 Chinese Travel Consumer Report
The findings revealed that the proport [...]
