BlaBlaCar has raised $449.6 million in funding to date.
Unprecedented demand – particularly among millennial consumers – for experiences over material possessions has fuelled the meteoric rise of ‘festival tourism’.
The total funding raised by the Tiqets has reached $45 million since its launch.
Fosun Tourism, the largest leisure tourism resort group in the world by revenue, will be spun off from parent Fosun International as a separately-listed company.
The figures take no account of the GMV of Ctrip’s UK unit Skyscanner Holdings.
Not the city, not the hoteliers, locals know the key strengths of an area better than anyone.
The company aims to follow up with an A-round of financing in early 2019 and take its market cap to 200 million yuan.
Pakistan’s travel market stood at US$8.8 billion in 2017, contributing 2.9% of the total GDP, and is forecasted to grow to US$16.4 billion by 2028.
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