Finance


Marriott acquires citizenM for $355M
News / Distribution
Marriott acquires citizenM for $355M
By Morgan Hines & Linda Fox | April 28, 2025
Last year, it was reported that citizenM was exploring opportunities to sell the brand. Read More
Modern travel agency Fora Travel raises $60M
News / Startups
Modern travel agency Fora Travel raises $60M
By Morgan Hines | April 24, 2025
Fora CEO Evan Frank said the latest round of funding will be used "to modernize the travel industry for good." Read More
InterLnkd partners with online car rental marketplace
News / Startups
InterLnkd partners with online car rental marketplace
By Abby Crotty | April 23, 2025
InterLnkd said the partnership with AutoRentals.com marks the first time it has been available in the car rental market. Read More
Hotel payments management platform ROH raises $9.2M
News / Startups
Hotel payments management platform ROH raises $9.2M
By Abby Crotty | April 22, 2025
The company said the investment will be used to expand its platform and enhance processes. Read More
FTC sues Uber citing "deceptive" billing, cancellation policies
News / Online
FTC sues Uber citing "deceptive" billing, cancellation policies
By Morgan Hines | April 21, 2025
The complaint alleges that Uber charged users for its Uber One subscription without their consent and made it difficult to cancel. Read More
Short-term rentals: A category at a crossroads
News / Online
Short-term rentals: A category at a crossroads
By Phocuswright Research | April 21, 2025
The short-term rental sector was once the pandemic-era darling—offering privacy, safety and space when travelers needed it most. Read More
Japan-based cabin stay startup secures oversubscribed pre-seed funding
News / Startups
Japan-based cabin stay startup secures oversubscribed pre-seed funding
By Abby Crotty | April 17, 2025
A Cabin Company said it will use the funding to accelerate its rollout in Japan, strengthen partnerships with local landowners and integrate wellness tech. Read More
Lyft enters Europe with €175M acquisition of ride-hailing provider FreeNow
News / Online
Lyft enters Europe with €175M acquisition of ride-hailing provider FreeNow
By Abby Crotty | April 16, 2025
Founded in 2009 and currently owned by BMW Group and Mercedes-Benz Mobility, FreeNow operates in more than 150 European cities.  Read More
Lighthouse adds marketing tech with acquisition of The Hotels Network
News / Technology
Lighthouse adds marketing tech with acquisition of The Hotels Network
By Linda Fox | April 16, 2025
The Hotels Network is a cloud-based platform that helps hotels attract, engage with and convert guests using real-time user behavior, predictive algorithms and artificial intelligence agents. Read More
Sonder makes $50M in cost reductions including layoffs ahead of Marriott integration
News / Online
Sonder makes $50M in cost reductions including layoffs ahead of Marriott integration
By Abby Crotty | April 14, 2025
The short-term rental specialist will cut costs by reducing its workforce and implementing "software savings." Read More
NextTrip acquires luxury OTA Five Star Alliance
News / Online
NextTrip acquires luxury OTA Five Star Alliance
By Abby Crotty | April 14, 2025
The latest acquisition is anticipated to help NextTrip expand its reach in the luxury travel sector. Read More
HostAI becomes Conduit, raises $3.1M
News / Startups
HostAI becomes Conduit, raises $3.1M
By Morgan Hines | April 11, 2025
Conduit, which started out calling itself “Shopify for Travel,” has grown from a tool for automated guest messaging for STRs “into something much bigger.” Read More
PhocusWire's weekly travel tech news briefs: SITA, IATA, Fora Travel, Directo and more...
News / Technology
PhocusWire's weekly travel tech news briefs: SITA, IATA, Fora Travel, Directo and more...
By PhocusWire | April 11, 2025
Keep up with all the latest people, partner and product news from around the global travel industry. Read More
Vacation rental techs talk investment, acquisitions and organic growth
News / Technology
Vacation rental techs talk investment, acquisitions and organic growth
By Linda Fox | April 11, 2025
Vacation rental tech platforms discussed the current investment landscape and creating a balance between acquisitions and organic growth at the Short Stay Summit. Read More
Sustainability-focused travel management platform Goodwings raises nearly $3M
News / Technology
Sustainability-focused travel management platform Goodwings raises nearly $3M
By Morgan Hines | April 10, 2025
The raise will allow the Denmark-based company to create its Sustainability Suite 3.0, which will include new tools for businesses to limit their carbon footprint. Read More
The Phocuswright Conference 2026