Arbitrip

growth-positive

Israeli travel solutions company Talma Shlomo has acquired a 51% stake in business hotel booking platform Arbitrip from Teddy Sagi Group and other investors. The deal will gradually increase Talma Shlomos stake to 75% over time. Arbitrips valuation is expected to reach $40 million. The platform offers hotel room booking for business trips and provides cost-saving features for organizations. Talma Shlomo plans to integrate Arbitrip into its business trips for customers. Arbitrip will continue to operate as an independent brand after the acquisition.

growth-positive

Tel Aviv-based Arbitrip, a business travel startup, conducted a survey revealing that 73% of business travelers are willing to pay more for hotels and airlines with strict health and hygiene practices. The survey also found that virtual meetings will replace business travel in 30-70% of trips following the coronavirus epidemic. The most important factors when choosing a hotel were health and safety standards, followed by cancellation policies and proximity to the destination. Arbitrip operates an online service for companies to book hotel rooms for their employees and has raised $5 million to date.

growth-positive

Tel Aviv-based business travel startup Arbitrip has opened a new office in London to break into the U.K. and European markets. Arbitrip offers an online service for companies to book hotel rooms for their employees, using machine learning algorithms to study user preferences and booking requirements. The company has a growth-positive impact as it expands its customer base and establishes a presence in new markets.

growth-positive

Israeli business travelers prioritize a hotels breakfast when booking accommodation for a business trip, according to a report by business travel startup Arbitrip. The report states that breakfast is the most important parameter for Israeli business travelers, followed by the room type and the hotels location. Arbitrip operates a platform for companies to book hotel rooms for their employees, using machine learning algorithms to match accommodations to user preferences and requirements. The company has raised $5 million to date.

growth-negative

The protests in Hong Kong have caused significant damage to the tourism industry, leading to flight cancellations and a 40% drop in hotel prices. Israeli travel technology company Arbitrip, which offers an online booking platform for business travel, reports that the protests are destroying tourism, especially in the business sector. The demonstrations began in response to proposed changes to Hong Kongs extradition law and have since evolved into a broader protest about democracy. The fall in tourism has affected Israeli companies doing business in Hong Kong, causing delays in deals and projects. Hong Kongs Ministry of Tourism has implemented measures to attract business tourism, including investments in conference and exhibition centers. Despite the protests, Cathay Pacific reports that demand for flights remains unaffected.