online travel

Trip.com was ordered to return around US$18 million in booking deposits to hotel operators.

Trip.com, a Shanghai-based online travel company, could face a fine of 2 billion yuan (US$295 million) to 6 billion yuan (US$295 million to US$885 million).

Agoda did not clearly show on the reservation screen whether airline tickets were refundable or what cancellation and change fees would apply.

The company said it continues to see stable travel demand trends in Q4 despite ongoing macroeconomic and geopolitical uncertainty.

Travel and local services make up 86% of Traveloka’s revenue, with the rest primarily coming from financial services.

VLeisure managing director Phan Le will serve as the managing director of NusaTrip Vietnam.

Employees across Indonesia and Singapore, including those in managerial positions, were axed by the Indonesian unicorn.

Traveloka CEO and co-founder Ferry Unardi said the financing would strengthen its balance sheet as the travel industry emerges from the pandemic.

The Indonesian company could potentially go public in the US this year, the Bloomberg report noted.

Ixigo hopes that the acquisition will help the company further consolidate its presence in Tier 2, Tier 3, and Tier 4 markets in India.