Treebo Hotels, the Bengaluru-headquartered budget hospitality chain, announced that it has raised $6 million in fresh funding led by its existing set of investors – Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India, according to ETtech report. The latest round of financing comes more than three years after Treebo raised $34 million in…
Yatra Online, one of India’s leading online travel agencies, announced that it has collaborated with Amazon Business, in an effort to provide hospitality partners with products, catering to the hospitality segment. Yatra’s hospitality partners can leverage the Amazon Business marketplace as a one stop destination to access a wide range of products across categories to…
Luxury hotel chain Hilton Worldwide recently said that it would reduce its corporate workforce by 22% due to the impact of the coronavirus pandemic on the hospitality industry. The move is expected to impact about 2,100 employees globally. The hospitality industry has been amongst the worst affected due to the coronavirus pandemic and subsequent lockdowns.…
Singapore-based hospitality group Banyan Tree Holdings recently announced that it is undertaking “right-sizing” and restructuring to adapt to post-covid-19 industry outlook. In an exchange filing, the company said that it is undertaking a series of right-sizing and cost-saving exercises that has affected 10 to 15% cent of its global workforce. The development was first reported…