Top Travel Tech Weekly News

News / Startups

Q&A: Thayer Ventures’ Chris Hemmeter on its new $80M fund, opportunities for travel startups

By Mitra Sorrells | May 13, 2020

The venture capital firm is now looking to make six to eight additional investments in travel and transportation startups from the newly closed fund. Read More

News / Distribution

Amadeus revenue drops by a quarter, agency air bookings slump 50%

By Kevin May | May 12, 2020

Distribution revenue almost halved at Amadeus in the first quarter of 2020 as the coronavirus pandemic slammed traveler plans around the world. Read More

News / Online

How digital nomads are staying the course amid the coronavirus pandemic

By Jill Menze | May 12, 2020

Networks that cater to digital nomads are providing ways for travelers to connect both in-person and online. Read More

News / Online

Booking Holdings Q1 gross bookings plummet 51%, total revenue down 19%

By Mitra Sorrells | May 7, 2020

Booking Holdings CEO Glenn Fogel says it will take "years - not quarters" for the travel industry to recover, as the company saw its gross bookings drop more than 50% in the first quarter of 2020. Read More

News / Distribution

"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020

By Linda Fox | May 7, 2020

Bookings and revenue are down more than 90% for late March, says Tripadvisor as it reports its Q1 2020 earnings. Read More

News / Technology

WEX cancels plan to purchase eNett and Optal

By Mitra Sorrells | May 7, 2020

WEX is walking away from its planned purchase of eNett and Optal, citing the impact of the COVID-19 coronavirus as the reason. Read More

News / Online

Airbnb advisor Chip Conley on leadership, liquidity and opportunities in a post-COVID travel industry

By Mitra Sorrells | May 7, 2020

The advisor to Airbnb shared his advice for travel leaders and entrepreneurs during an online event hosted by Plug and Play Tech Center. Read More

News / Technology

Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus

By Jill Menze | May 6, 2020

Lyft is reporting revenue of $955.7 million in the first quarter of 2020, a year-over-year increase of 23% versus $776 million in the first quarter of 2019. Read More

News / Online

Airbnb lays off 25% of staff, cuts back investment in hotels, transportation

By Jill Menze | May 5, 2020

As a result of the effects of the COVID-19 crisis, Airbnb is eliminating 1,900 jobs and cutting investment across business units. Read More

News / Technology

Experts warn companies to prepare for security breaches when travel restrictions lift

By Linda Fox | May 5, 2020

Travel companies may have seen an increase in phishing attacks due to the volume of refunds issued recently, but experts say they should brace for security breaches as restrictions lift. Read More