Traveloka secures financing from INA and other investors, food delivery apps can be both a blessing and a curse and more...

Traveloka secures financing from INA and other investors
Wednesday, 5th October 2022

Traveloka has secured a financing facility of $300 million from Indonesia Investment Authority, BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions.

The financing will support digital ecosystem growth in the travel sector and will allow the Indonesia-based OTA to grow further >>

Europe hotel transaction news
5 Oct 2022 : Hotel news and transactions from around the European region: Terrot Group acquires the Hôtel du Ministère in Paris, Borealis Hotel Group acquires Bierwirth & Kluth Hotel Management and more >>

US hotel results for week ending 24 September
5 Oct 2022 : US hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through 24 September >>

Middle East Airlines adopts SITA's cloud-based baggage reconciliation system to boost efficiency
5 Oct 2022 : Agile cloud systems that increase operational efficiency and reliability have helped expand the Rafic Hariri International Airport - Beirut, capacity to handle nine million bags per year >>

The fourth edition of the premier MICE Show in Asia returns as an in-person event
4 Oct 2022 : MICE Show Asia 2022 is a three-day conference and exhibition for the meetings industry in Asia Pacific (APAC) that aims to redefine industry practices and identify new trends that will shape the future of MICE >>

HIGHLIGHT ARTICLE

Food Delivery Apps Can Be Both a Blessing and a Curse for Restaurants
Wednesday, 5th October 2022

Restaurants’ reliance on food delivery apps soared during the pandemic because they provide a convenient way for customers to order from local restaurants.

Plus an easy solution for processing restaurant payments and sourcing third-party drivers to pick up meals and deliver them to customers.

However, restaurants are charged around 30% per order, which can cut significantly into a restaurant’s already paper-thin profit margins >>

The Rage Trend Continues
There's been a running theme in conversations with clients over the past couple of years — people out there are angry! >>

In case you've missed it: Global eNewsletter of October 04, 2022
TRIBE to open within a sustainable hotel development in Warsaw, Sofitel partners with Vogue and more >>