Travel Network revenue rose 8.7%, with bookings growth of 5.7%; Airline Solutions revenue grew 6.7% and Hospitality Solutions revenue grew 5.8%.
The acquisition of Mogu Trip will help Yundijie branch out into the international hotel distribution business and further enhance its product supplies to increase competitiveness.
RedAwning claims to have 100,000 properties in 10,000 locations around the world.
Gross bookings, including HomeAway, increased USD 3.6 billion or 15% year-over-year to USD 27.2 billion. Revenue increased 15% year-over-year to USD 2.5 billion.
Guesty provides property managers a single dashboard to oversee all aspects of their short-term rentals across channels such as Airbnb, Booking.com, Agoda and others.
The company says it helps its corporate clients save an average of $208 per business trip.
The sales bring much-needed cash to the debt-ridden HNA group, which has come under pressure from the government and markets for its heavy debt.
Travelzoo announced revenue of USD 30.9 million and operating profit of USD 3.7 million in Q1 2018. "Revenue growth accelerated in all three regions, leading to much stronger earnings," said Travelzoo CEO.
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