Travel

As domestic travel increases, budget hotel startups are answering staycation and local business travel demand with midscale offerings in Southeast Asia.

To the surprise of many, China’s largest OTA is Meituan, an internet behemoth that’s mostly known as a food delivery giant.

Saudi Arabia is investing billions of dollars in different tourism initiatives to diversify its revenue sources and reduce its dependence on oil exports.

The daily new coronavirus cases crossed 400,000 in late April, which resulted in local curfews and lockdowns across various states. This has disrupted Oyo’s recovery plans in its home market. 

265 million people are expected to travel during the five-day vacation in early May.

Last year online travel booking companies were reeling under an increase in ticket cancellations for both national and international travels.

The unicorn has already facilitated over 6 million loans through its BNPL service in Indonesia.

2020 was a painful year, but Traveloka proved it is a major-league enterprise ready to go public.