Travel

Oyo’s net income nose-dived 69% to USD 558 million in the financial year ended March 31, 2021, from USD 1.8 billion in FY 2020—the year before the pandemic hit.

A competitor, Zhoumo Jiudian, says it wields massive amounts of evidence that incriminate Trip.com.

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

Traveloka experienced major turbulence in 2020 due to the pandemic, but the firm said its business is recovering.

Online travel agency ixigo is one among the few internet companies to turn profitable in FY 2021.

Bookaway is now operating in Asia, Latin America, Eastern Europe, the Balkans, and Central America, and it hopes to expand into the North American and Chinese markets.

CEO Daniel Zhang is fortifying Alibaba’s lifestyle services by uniting its mapping, travel booking, and food delivery apps as part of one business unit.

Qinker sells travel experiences and services through livestreamed broadcasts to engage more potential customers than booking platforms.