Hotelogix will target group hotels in regions including United Kingdom, North America and South America, and perhaps adds expansion in Thailand.
The new cash will let the company expand operations into new markets, including Thailand, where there are plenty of young travelers looking for budget hotel rooms.
It has handled a total of 300,000 reimbursement documents for more than 120 companies including Didi and Fosun, and air tickets reimbursements handled by the company exceeded 200 million yuan.
Tongcheng-Elong reportedly aims at raising USD 1-1.5 billion in a share sale.
The company claims that it has never lost a customer in the past 18 months and the number of customers and travelers under management doubled every quarter in 2017.
IHG follows asset-light strategy for acquisition, and Skfit guesses the targets include: Mandarin Oriental, Four Seasons, Shangri-La and Kempinski.
Rezdy estimates 67,000 supplier businesses in the U.S. alone and claims a larger equity round later next year.
Redeam’s in-house developed enables attractions and third party distributors mobile or tablet-based system scans and validates any voucher from a reseller and then issues a ticket.
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