Category: Tourism and Hospitality

CANADA > Japan based YO! Sushi announces its acquisition of Canada based Bento Sushi for CAN $ 100 million ($78.2 million)

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Yo sushi logo Bento Sushi has been acquired by YO! Sushi, the iconic Japanese restaurant group, for CAN $100 ($78.2 million) which has been facilitated by Mayfair Equity Partners who partnered with the YO! Management team in 2015. Bento Sushi is the second largest sushi brand in North America was founded in Toronto, Canada in 1996 by Ken Valvur. Bento has over 600 More …

CHINA > Carlson Rezidor Hotel Group signs a management agreement for Radisson Zhengzhou with Henan Longzhu Hotel Management

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Carlson Rezidor logo new The 210- key property that is scheduled to open in the first quarter of 2022, Radisson Zhengzhou is located at Zhengdong New District, Zhengzhou city in China. Carlson Rezidor Hotel Group signs a management agreement for this hotel with Henan Longzhu Hotel Management Co., Ltd. Zhengzhou is an emerging tier-one city with a hub for industries such as railroad, aviation, More …

INDIA > Carlson Rezidor Hotel Group enters Mumbai, India with upscale hotel brand Radisson

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Carlson Rezidor logo One of the world’s largest hotel groups, Carlson Rezidor Hotel Group, is introducing Radisson hotel in Mumbai signing a 112-key hotel in Andheri suburb in partnership with GHV Hospitality India Private limited in which the Carlson Rezidor Hotel Group will be responsible for the management and GHV Hospitality India Private Limited for its development. Located in one of the prominent More …

NETHERLANDS > Booking.com expands global access to booking assistant

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booking com logo One of the world’s largest e-commerce companies and digital technology leader, Booking.com has announced the expansion of the pilot version of the Booking Assistant, support chatbot that infuses Artificial Intelligence with the company’s already robust customer service and support. The new service and support chatbot will only be available to English language bookings worldwide. Built entirely in house, Booking assistant More …

HONG KONG > Klook raises nearly $60 million from Sequoia China, Goldman Sachs, Matrix Partners and OurCrowd

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Klook logo In Series C funding, Klook has raised nearly $60 million funding representing the largest in- destination service booking platform investment that by Sequoia China, Goldman Sachs, Matrix Partners and OurCrowd. Klook is set to use the funding for global expansion and accelerate product growth and innovation. Launched in 2014, Klook has 30,000 travel activities and has over 120 destinations worldwide More …

SCOTLAND > China based Ctrip acquires Skyscanner, plans expansion and 200 new jobs in Scotland

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Ctrip China based Ctrip is set to open a base in Scotland in early 2018 creating 200 new jobs over the next few years. The Chinese owner also bought Skyscanner, a Scotland- based travel search site, for £1.4 bn ($1.7 billion). However, the proposed call center will function separately than Skyscanner. Ctrip is one of largest online travel agencies of China More …

USA > India based Millitoons Entertainment has acquired 100% stake in US based Kirksville Hospitality Inc. which runs a franchise of Holiday Inn for $4.83 million

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holiday inn Millitoons Entertainment has announced that it has owned 100% stake in Kirksville Hospitality Inc. which runs a hotel under Holiday Inn franchise for $4.83 million. Millitoons Entertainment has a subsidiary based in the US named Mient Hospitality LLC which was used for this transaction. Kirksville Hospitality has had gross revenue of $1.96 million in the last fiscal year. About Millitoons More …

INDIA > Softbank invests $225 million in India based OYO Rooms

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OYO logo Operated by Oravel Stays Pvt. Ltd., OYO Rooms is a branded budget hotel marketplace which has raised $250 million led by existing investor Softbank which is expected to invest $225 million. Other investors include Lightspeed Venture Partners India Pvt. Ltd, Sequoia Capital India Advisor Pvt. Ltd and Greenoaks Capital Partners LLC are expected to invest $25 million. Valued at $850 More …