Accelerators & Incubators
Policy & Regulation
Indonesian Traveloka Confirms US$250M Fundraise, Admits Historic Drop in Biz Activity Due to COVID-19
The new capital is expected to further strengthen the Indonesian firm's balance sheet and boost its efforts to deepen its offerings in select priority areas, Traveloka said in a statement.
Chinese Trip.com Considers Delisting from Nasdaq: Report
The company reported net revenue of RMB 4.7 billion (USD 669 million) during the first quarter of 2020, indicating a 42% year-on-year (YoY) plunge, while net loss reached RMB 5.4 billion (USD 754 million).
Dubai’s TPConnects bags investment from Flight Centre Travel Group
The company is known for its helping airlines and travel agencies to retail travel.
Thai travel tech platform Tourkrub raises $5m in Series B
The funds raised will be used to provide services for Southeast Asia’s outbound tourists, among others.
Grab and global insurer Chubb launch Travel Cover
Singapore-based customers can purchase Travel Cover via the Grab app for travel protection.
SA travel startup Kumba launches event-linked booking service
South African startup Kumba, which began life allowing international travellers to book tours and activities in Africa, has launched a second product, targeting event management companies.
China sees 670m entry, exit trips in 2019
Border inspection agencies across China saw 670 million entry and exit trips in 2019, an increase of 3.8 percent from the previous year, figures from the National Immigration Administration have shown.
Budget hotel startup ZEN Rooms's Co-founder Kiren Tanna steps down after Yanolja’s acquisition
Kiren Tanna announced in his personal Twitter handle that he has resigned from the budget hotel booking startup after 4,5 years of journey
China's Smart Tourism Developer and Operator DAQ Soft Raised ￥40 Million Yuan in Series A + Round Funding
This round of financing will be used for product research and development, high-level talent acquisition and industry ecosystem construction.
Visa-free 2020 entry for tourists from China and India
Tourists from China and India will be able to visit Malaysia without a tourist visa next year.
Hong Kong's TravelFlan raises US$7M in Series A funding round
TravelFlan provides AI chatbot and backend simultaneous auto-update data processor (SADP) services for its clients.
Trell raises $2 million seed round from Fosun RZ, KTBN Venture
The app claims to have over 4 million content creators and over 2 million monthly active user base on its LinkedIn Page.
Philippines-based accelerator IdeaSpace invests in logistics, tourism startups
Philippines-based tech startup accelerator IdeaSpace has announced an investment in three firms that were part of its incubator programme.
Ctrip, Japan's Dentsu Reached Strategic Cooperation
The two parties will promote Japanese travel destinations to international tourists, including Chinese tourists, and better serve global travelers visiting Japan.
Club Travel Group
South Africa’s Club Travel Group Appoints New CEO
Mulder will step into his new role as Club Travel Group CEO on 13 December based at the company’s Cape Town head office.
2019 Chinese Outbound Travel Consumption Report
Chinese nationals made more outbound travel expenditures than travelers from any other country, with total consumption reaching US$ 127.5 billion.
China's 2019 inbound tourism revenue expected to surpass 130 bln USD
China's inbound tourism market has seen steady growth, with the 2019 inbound tourism revenue expected to surpass $130 billion, the China Tourism Academy said Wednesday.
Gurugram-based Curated travel platform TravelTriangle raises $13M in Series D from KB Global, others
In April last year, the startup secured $12 million in its Series C funding round led by Fundamentum.
Amadeus is expanding Amadeus Ventures across APAC to support travel startups
The funding support for startups signals the strong potential the region holds for investors in the long term.
Israeli VAT Refund Startup ReFundit Raises $10 Million led by Amadeus Ventures
ReFundit develops an app that digitizes and simplifies the process of obtaining tax refunds for tourists.
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