Finance | PhocusWire

Traveloka mulls IPO avenue to take the Indonesian online giant to global markets

By Linda Fox | March 3, 2021

Traveloka says it is still considering listing in Indonesia but the U.S. provides global opportunities. Read More

News | Online

Hertz devises restructuring plan after private equity injection

By Linda Fox | March 3, 2021

Investment firms Knighthead Capital and Certares Opportunities are committed to investing up to $4.2 billion. Read More

News | Distribution

Expedia Group and Booking Holdings slashed marketing by $6B in 2020 (but Airbnb now makes an entrance)

By Kevin May | March 2, 2021

The body check on marketing spend by the two giants of online travel in 2020 ends a run of gradually slowing increases in prior years. Read More

News | Online

Campsited pegs down €600,000 in funding for business growth

By Linda Fox | March 1, 2021

Dublin-based Campsited hopes to close a further €3 million in the next three months after landing €600,000 in funding. Read More

News | Startups

In first earnings report, Airbnb posts quarterly loss of $3.9B

By Jill Menze | February 25, 2021

Despite a massive loss in the fourth quarter of 2020, CEO Brian Chesky says the pandemic has proved Airbnb's business is "inherently adaptable." Read More

News | Online

Booking Holdings focuses on payment platform, connected trip and U.S. growth as 2020 revenue drops 55%

By Mitra Sorrells | February 24, 2021

Booking Holdings CEO Glenn Fogel says the company is focusing on products and strategies that can help the company grow as travel resumes. Read More

News | Online

Jet-lag app creator Uplift Ventures closes $500K angel round

By Mitra Sorrells | February 19, 2021

Uplift Venture says it will use the money to develop the app and also a new solution for night shift workers. Read More

News | Startups

Tripadvisor revenue down 61% in 2020, subscription product a focus for 2021

By Mitra Sorrells | February 18, 2021

Tripadvisor says it is continuing to roll out the Tripadvisor Plus subscription service in the United States in the first half of 2021, with plans to grow to other English-speaking markets after that. Read More

News | Online

How I Got Here, episode 52 - Jamie Wong of Vayable

By PhocusWire | February 18, 2021

It's not the most well-trodden path in online travel - from a producer on the hit The Daily Show With Jon Stewart to CEO of a tours and activities business. Read More

Interview | Online

GetYourGuide adds €80M in financing to explore strategic investments

By Linda Fox | February 16, 2021

GetYourGuide’s latest funding follows a €114 million convertible note announced in October 2020. Read More

News | Online

Expedia Group pulls Vrbo from Google’s vacation rental metasearch product

By Mitra Sorrells | February 11, 2021

Expedia Group's revenue and gross bookings were both down 67% in the fourth quarter of 2020 compared to the same period in 2019. Read More

News | Online

Certares leads $42M Series C for cabin-rental platform Getaway

By Mitra Sorrells | February 8, 2021

Getaway says it had 150% year-over-year growth in 2020 and plans to rapidly expand. Read More

News | Startups

Ixigo buys train booking app Confirmtkt to serve India’s $8B rail market

By Mitra Sorrells | February 4, 2021

The deal aligns with the Indian online travel agency’s decision in 2019 to focus on flights, trains and buses. Read More

News | Distribution

WEBINAR REPLAY! How travel can leverage payment technology for a smart COVID-19 recovery

By PhocusWire | February 2, 2021

As airlines and travel agencies plan their comeback, it is essential they have access to the most recent and relevant research enabling them to make smart decisions on how to mitigate the economic... Read More

News | Technology

Klook on what it will mean to win in 2021

By Yeoh Siew Hoon - WiT | February 1, 2021

Fresh from raising another $200 million, Klook co-founder and COO Eric Gnock Fah spoke to WiT’s Yeoh Siew Hoon about the new funding and investing for the future. Read More

News | Distribution