Tourists to China care most about destination cities, followed by accommodation, itineraries, airlines and entertainment.
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
DragonPass generated revenues of 1.1 billion yuan in 2019, representing a compound annual growth rate of 40% compared to three years ago.
The initial consideration is US$18 million, which represents approximately 6x of CTP's FY 2020 net profit before tax.
Lightspeed made a profit of about $250 million from the sale while executives at Sequoia have taken home around $150 million.
The combined company has over 18,000 venues on the platform，currently serving over 5,000 businesses collectively.
TravelFlan claims to be working with 100-plus travel content and product suppliers including Klook, Marriot and Tuniu.
Resort Lodging Company's landlord partners will benefit from Vacasa’s dynamic pricing, marketing and booking expertise, and partnerships with top listing sites such as Airbnb and Booking.com.
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