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OTA Traveloka raises $250m to boost travel confidence
Reading Time: 2 minutesAsia: Jakarta-based online travel agency and app, Traveloka, has announced that it has raised $250 million to enhance its operations during the coronavirus crisis and restore confidence in the “resilience and the viability of the regional travel industry”. The company has declined to disclose who led the round, apart from it being a “global financial […]
France proposes to build OTA to compete with Airbnb, Booking.com
Reading Time: 2 minutesFrance: The French government has announced proposals to build an OTA to compete with Booking.com and Airbnb. The website would be a cooperative effort between the government and the tourism industry. Eric Lombard, the head of French State-controlled financial institution Caisse des Depots & Consignations said to Bloomberg: “This sector has been very much de-intermediated […]
Soft launch for Culture Trip OTA
Reading Time: 2 minutesUK: London-based media and content start-up Culture Trip has announced a soft launch for its OTA platform. The company, which last year raised $80 million to develop a travel business, has started the roll out of booking capability integrated into its curated content. A soft launch went live this week with a “contextualised” accommodation-only booking […]
Extended stay provider BridgeStreet expands offer to include vacation rental units
Reading Time: 2 minutesUS: BridgeSteet has expanded its offer to business travellers to include options such as vacation rentals, hostels and hotels. The company says its new Six Ways to Stay booking platform provides “easy access to trusted, global accommodations across both traditional and alternative hospitality experiences in a single, easy-to-use user experience”. BridgeStreet has traditionally been a […]