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South Korea's popular hotel app buys Rocket-Backed Startup Zen Rooms

3 monthes ago   |   By Travel and Tourworld

South Korea's most popular hotel app is taking over a Southeast Asian startup backed by Rocket Internet SE to bet on the region's booming travel industry.
Yanolja Co offers online booking for 20,000 lodgings in South Korea, will invest $15 million in Singapore-based Zen Rooms in return for a controlling stake, the Seoul-based company said in a statement.
Zen Rooms operates in several countries including Indonesia, Thailand and Malaysia, offering a digital booking platform for budget hotels.
Southeast Asia is one of the world's fastest-growing regions with a nascent digital market fuelled...
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