On the inventory front, Booking Holdings has a 27 percent property-count advantage in East Asia while Expedia has a 6 percent edge in Southeast Asia.
According to The Economic Times, OYO is in talks with companies including SoftBank and We-Work for a new round of investment. The deal is expected to finalise by the end of this month.
People from the post-1980 and post-1990 generations are still the main consumption driving force, together accounting for 35% of total travelers, followed by the post-2000 generation with 27%.
Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
99% of all business travelers' bookings are processed without any human intervention from Roomex.
Euromonitor data shows Airbnb held only 8.7% of the China market in 2017, compared to 41% for Tujia and 23% for Xiaozhu.
Three ways for tourism brands to gain customer loyalty: Deliver assistance from the very first touchpoint; put the traveler in control; enable and augment the traveler experience.
The fundraising amount and the company's valuation could change depending on market appetite.
