HTS and Lotte Card partner to develop travel loyalty portal
South Korea: Seoul-based credit card issuer Lotte Card has reached an agreement with Hopper Technology Solutions [HTS] to develop a travel loyalty portal for Lotte Card cardholders.
Airbnb to raise guest service fees for cross-currency bookings
US: Airbnb is set to add around two per cent to its guest service fees in cross-currency bookings, effective from 1 April.
Asian vacation rental bookings surge 84 per cent in a year
Asia: Asian vacation rental bookings have shot up by 84 per cent on 2022 pacing levels, according to global travel media startup Trip101, which curates the best recommendations for short-term rentals and a host of other lodging verticals.
ONDA to expand as global PMS for all property types
South Korea: Seoul-based travel tech company ONDA has acquired the hotel property management system business unit of Korean B2B solutions provider Oasis Story and formed a subsidiary called OATech as it seeks to accelerate its global expansion.
H2O Hospitality raises US$30 million in funding round
Japan: H2O Hospitality, a Japan-based vacation rental management firm, has raised US$30 million in a Series C funding round. The lead investor for the round was Kakao Investment, with other investors including Korea Development Bank, Gorilla Private Equity, InterVest, Nice Investment, and Kejora-InterVest Growth Fund. H2O Hospitality currently operates around 7,500 units in Tokyo, Bangkok, […]
STAYFOLIO raises $4.5m in Series A funding
South Korea: Seoul-based accommodation reservation platform STAYFOLIO has raised five billion won [approximately $4.5 million] in Series A funding to accelerate its expansion plans. The investment round was led TBT Partners and Quad. ‘Fine stay’ platform STAYFOLIO, which operates with the motto of “Curate the space where staying itself is travel”, curates accommodations with ‘unique […]
Handys raises $1.8m / 2bn won in funding
South Korea: Seoul-based lodging company Handys, which runs branded short-term and long-term accommodation in South Korea, has raised $1.8 million [ just over two billion won] in a funding round led by DSC Investment. The startup has previously received seed round funding, worth $270,000 [300 million won] from Spring Camp and Plant Lee Partners, since its founding […]