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Tencent Bets Big on Ctrip-Backed LvYue Hotel Group: Travel Startup Funding This Week

An image of the lobby of the 69-room Vyluk Hotel in Chongqing, China, which is run by LvYue, a hotel group that’s a strategic investment of Trip.com Group and that received a round of investment led by Tencent this week. Vyluk Hotel

Skift Take: Is there anything that Trip.com Group (formerly Ctrip) won’t do? LvYue Hotel Group is its upscale counterpart to Oyo, a set of hotel brands run in partnership with local operators in 10 Asian countries and run on cloud-based software.

— Sean O’Neill

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