Booking Holdings Backs Yanolja for Hotel Booking: Travel Startup Funding This Week

Source: Travel News

Yanolja

Yanolja, which calls itself the largest online travel platform in South Korea, has raised $180 million in Series D funding. Originally a love hotel company, it now offers Kotels, one of which is shown here, which are respectable properties without adult entertainment on the TV or neon lights. Yanolja

Skift Take: Yanolja got its start as a chain of so-called love motels. But it has since become a reputable online travel agency in Korea and a provider of a widely used property management system. No wonder Booking Holdings has made a strategic investment in the company.

— Sean O’Neill

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Booking Holdings Backs Yanolja for Hotel Booking: Travel Startup Funding This Week