Finance

Toyota backs autonomous shuttle service May Mobility with $50M investment

By Steven Lerner | December 5, 2019

The Toyota Motor Corporation is leading a $50 million Series B round into autonomous transportation-as-a-service startup May Mobility. Read More

News | Startups

India's Paytm finances bus ticketing tech firm Infinity

By Steven Lerner | December 4, 2019

The partnership will bolster Paytm's payments and ticketing technology solutions for bus operators. Read More

News | Online

VIDEO: Financial analysts on Airbnb, travel stocks in 2020

By Steven Lerner | December 3, 2019

Top Wall Street analysts discuss Airbnb going public and other travel stock trends for 2020. Read More

News | Online

Uplift finalizes $250M credit line for travel payment service

By Linda Fox | December 2, 2019

The platform that allows travel brands to offer part-payments to users agrees to a $250 million credit line with Credit Suisse. Read More

News | Startups

VIDEO: Setoo - Summit pitch runner-up at Phocuswright Conference 2019

By PhocusWire | November 29, 2019

Empowering e-businesses to turn insurance into products consumers love. Read More

Interview | Startups

On The Beach Group 2019 full year earnings

On The Beach blames Thomas Cook collapse, Brexit for profit decline

By Steven Lerner | November 28, 2019

The collapse of Thomas Cook in September resulted in a £7.1 million revenue loss for On The Beach Group. Read More

News | Online

WATCH: A visual history of digital travel company revenues

By Steven Lerner | November 22, 2019

PhocusWire documented the entire history of quarterly total revenues since the first digital brands IPOed in the mid-1990s. Read More

News | Online

eDreams Odigeo overcomes SEO changes, reports 2% booking growth

By Steven Lerner | November 19, 2019

eDreams Odigeo reports another half year of stable results, with bookings climbing 2% year-over-year to 5.8 million Read More

News | Online

Hot 25 Startups 2020: Setoo

By PhocusWire | November 18, 2019

Setoo’s platform allows travel businesses to preciously automate the entire insurance process and to develop personalized plans for each traveler. Read More

Interview | Startups

Hot 25 Startups 2020: TravelBank

By PhocusWire | November 18, 2019

Over 20,000 organizations leverage TravelBank to simplify the employee booking experience, automate expenses and track spending. Read More

Interview | Startups

Refundit pockets $9.8M for its digital VAT refund service

By Linda Fox | November 15, 2019

Amadeus Ventures led the round, with participation also coming from Portugal Ventures and a number of seed investors. Read More

News | Startups

Trip.com Group operations income up 52% as company begins new chapter

By Steven Lerner | November 14, 2019

Net revenue grew 12% year-over-year to $1.47 billion for newly named online travel agency group. Read More

News | Online

Booking Holdings survives SEO headwinds, reports financial growth

By Steven Lerner | November 8, 2019

Gross bookings increased 4% year-over-year to $25.3 billion, while net income soared 10% to $2 billion. Read More

News | Online

TripAdvisor forms joint venture with Trip.com Group, reports decline in Q3 revenue

By Steven Lerner | November 7, 2019

The U.S.-based travel and reviews website reported a 7% year-to-year decrease in total revenue for the third quarter to $428 million. Read More

News | Online

Despegar reports growth in bookings and revenue, optimism from recent partner agreements

By Mitra Sorrells | November 7, 2019

Argentina-based Despegar reports gross bookings up 26% and revenue up 19% in the third quarter of 2019 compared to the same period a year earlier. Read More

News | Distribution