United Kingdom
United States
Asia Pacific
Korean hotel app Yanolja buys stake in ZEN Rooms
Budget hotel platform ZEN Rooms has sold a stake to Korean hotel app Yanolja for US$15 million.
It will give Yanolja a minority stake and the option to convert to 100% ownership in the future.
Rocket Internet-backed ZEN Rooms had rapidly expanded in Southeast Asia but had reportedly been experiencing financial woes since earlier this year.
It had been actively seeking a buyer.
ZEN’s main markets are Indonesia, Thailand and Malaysia.
Singapore based ZEN’s business model is offering a consistent budget hotel product as a hotel chain and online booking platform.
Seoul based Yanolja is Korea’s largest home grown accommodation platform which lists about 40,000 properties.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled