The spread of mobile apps and rise in online hotel bookings are the main drivers of this surge.
Rakuten paid more than US$3.48 million for the tour marketplace. Expect more of such deals in the online travel space in the future.
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The US$6 million fundraiser was co-led by Matrix Partners India and SAIF Partners.
Guiddoo, the app, offers audio/video tour guides or walking tours of major historical, cultural, and art destinations in the world.
China Eastern Airlines has been given approval to start operating in-flight internet, the first time such approval has been granted on a broad scale.
Silver Lake led a $500M investment in Qunar. Qunar says Ctrip acquisition still on the table.
Valadoo was an early mover in Indonesia’s online travel sector, yet it could not gain the traction it needed. There was one major stumbling block along the way.
Lvmama, a Chinese tourism booking site, has received RMB 500 million (US$80 million) in series E funding from Jinjiang International Group.
Klook, which is based in Hong Kong, focuses on selling travel experiences and packages in Southeast Asian tourist hotspots.
Expedia has sold off its entire 62.4 percent stake in eLong, worth US$671 million. US$400 million of it was picked up by China's Ctrip.
HolidayIQ aims to create a more robust engine enabling easier and seamless sharing of travel reviews, ratings, images, and video on mobile.
Sound can change the way we see, this startup from Hanoi claims. Echoes invites creators to make sound maps for places around the world.
Eticketing site Traveloka gets very little public attention. But based on user growth and market conditions, it may become Indonesia’s first billion-dollar star...
VRG takes a holiday in Southeast Asia.
Chinese online travel site Tuniu may be in big trouble after 17 major international tour providers announced a boycott of the site starting in July.
With the fresh funds, the startups plans to expand to 12 cities in the US by the end of the year.