Top Travel Tech Weekly News

News / Online

Russia's online travel primed as investment arrives

By Linda Fox | August 4, 2021

The country's travel industry had been experiencing strong growth in the years running up to 2020 and online travel sales were steadily growing. Read More

News / Online

VIDEO: Time to revamp payments in hospitality

By PhocusWire | August 4, 2021

XanderPay CEO Mike Carlo discusses the problems and inefficiencies plaguing the hospitality industry when it comes to payments and offers suggestions for innovations. Read More

News / Distribution

Booking.com launches Flash Deals for hotels

By Kevin May | August 4, 2021

The discounts will take place every two weeks and on fixed days, lasting for just 36 hours. Over that time period, customers will get up to 30% off a selected room and rate. Read More

News / Online

Lyft achieves adjusted EBITDA profitability for first time

By Mitra Sorrells | August 4, 2021

The ride-hailing company's Q2 revenue figure is an increase of 26% compared to the first quarter of this year when revenue was $609 million. Read More

News / Technology

VIDEO: Easing the burden of paying for travel

By PhocusWire | August 4, 2021

What is the appeal of buy-now-pay-later for brands? What segments of the industry is it more popular than others? And what effect does it have on the business models of exissting brands? Read More

News / Distribution

Sabre revenues less than half of 2019 levels despite some travel resuming

By Kevin May | August 3, 2021

Revenues in the second quarter of 2019 were $1 billion, compared to $400 million this quarter, an indication of how far the distribtion and tech supplier still has to go before it reachs pre-pandemic... Read More

News / Technology

Bolt rides off with €600M investment round

By Linda Fox | August 3, 2021

Bolt, which calls itself Europe's super app, claims it is valued at more than €4 billion after its most recent Series E funding round. Read More

News / Online

Vietnamese tech conglomerate, OTA operator raises $250M

By Mitra Sorrells | August 2, 2021

VNLife operates VNTravel, a Vietnam-based online travel agency with more than five million customers. Read More

News / Technology

VIDEO: Navigating the travel payments ecosystem in Asia

By PhocusWire | August 2, 2021

Multi-currency payments; fraud; how many payment methods should you offer – key headaches that need addressing. Read More

News / Online

Will standardized rentals work for business travelers?

By Mitra Sorrells | August 2, 2021

A subset of alternative accommodations - ones that provide a standardized experience for travelers - could become more popular with business travelers coming out of the pandemic. Read More

News / Distribution

Amadeus scores some financial improvements as traveler restrictions ease

By Linda Fox | July 30, 2021

The distribution company reported improvements in revenue and EBITDA compared to Q1, while air bookings are recovering in all regions. Read More

News / Online

Vacasa plots public listing through SPAC merger

By Kevin May | July 30, 2021

Trading under the ticker VCSA, publicly listed Vacasa is forecast to have a valuation of $4.5 billion as a result of the IPO and will generate $485 million in cash proceeds. Read More

Interview / Technology

Sounding Off: Do the right thing on sustainability - from big moves to small

By PhocusWire | July 30, 2021

If a brand can inspire just one customer (or thousands) to do the right thing when they return home, by the way it behaves on the smaller things, then it's a strategy worth implementing. Read More

News / Distribution

Ixigo raises $53M led by Singapore's sovereign wealth fund

By Mitra Sorrells | July 29, 2021

The round also has participation from Bay Capital Holdings, IE Venture Fund, India Acorn Fund, Malabar India Fund and others. Read More

News / Technology

VIDEO: Booking.com on overcoming the travel payments mountain

By PhocusWire | July 29, 2021

During the PhocusWire Pulse: Progress in Travel Payments session, Daniel Marovitz, SVP of booking.com's fintech arm talks about the ambitions for the unit. Read More

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