The increasing growth of the space, thanks to sites like Airbnb, Booking.com and many more, has resulted in short-term lets commanding around 30% higher profits than long-term leases.
As well as using a data approach, The Plum Guide also sends actual human beings to vet every property in person.
Welcome Pickups claims to be creating the most robust and complete in-destination travel data-set in existence.
Kakao’s decision to acquire stake was made to offer diverse travel related services on it current mobile messenger platform KakaoTalk.
Revenue from accommodation reservation services decreased by 22.5% to RMB1,830.4 million, revenue from transportation ticketing services increased from RMB61.3 million to RMB3,232.5 million.
Globally, there are more than 300,000 independent hoteliers, and less than 1 in 10 use any sort of revenue management software.
If completed, the investment would likely be in the $100 million to $200 million range.
Vntrip has raised a total of $13 million in funding over 3 rounds.
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