The platform allows property managers to use a single dashboard to manage bookings, availability and rates across all short-term rental providers such as Airbnb, Expedia and Booking.com.
Public Investment Fund is buying a stake alongside Singapore’s state-owned GIC Pte, French asset manager Amundi SA and U.S. real estate investment trust Colony NorthStar.
The alliance and funding are expected to help KKday expand its regional presence and further improve its variety of affordable product offerings to travelers.
Hilton posted a 7.6% RevPAR climb in Q4 from Asia Pacific as it benefited from addition of more hotels in China, while rival Marriott said its China RevPAR grew 9.1% in the quarter.
Duetto has closed an $80 million Series D round in funding, the round was led by funds affiliated with private equity firm Warburg Pincus.
User reviews and opinions grew 29% year-over-year and reached 600 million at December 31, 2017. Q4 revenue totaled $321 million, up 2%; and full year revenue reported $1556 million, up 5%.
Outdoorsy offers the largest bookable inventory of RVs worldwide, creating what it calls a “third lodging category” of mobile rooms as an alternative to hotels and home-sharing.
China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
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