Finance


Hotel tech provider RoomRaccoon acquires Lobbi PMS
News / Technology
Hotel tech provider RoomRaccoon acquires Lobbi PMS
By Mitra Sorrells | October 14, 2024
RoomRaccoon said the acquisition will add more than 300 properties to its client base in the Benelux region. Read More
GlobalTix closes $5M Series B funding led by Tin Men Capital
News / Online
GlobalTix closes $5M Series B funding led by Tin Men Capital
By Mitra Sorrells | October 14, 2024
The Singapore-based provides of solutions for attractions, tours and activities said the funding will be used to fuel its expansion plans and to implement artificial intelligence solutions.   Read More
Where are they now? Catching up with the Hot 25 Travel Startups for 2021
News / Startups
Where are they now? Catching up with the Hot 25 Travel Startups for 2021
By Mileva Sapic | October 14, 2024
Beachy, Chekin, Kyte, Vouch and Zartico update PhocusWire on what they've been up to since they were named part of PhocusWire's Hot 25 Travel Startups for 2021. Read More
Flexible living drives hospitality and residential technology convergence
News / Technology
Flexible living drives hospitality and residential technology convergence
By Matthew Parsons | October 8, 2024
The growing number of mixed-use properties creates gaps for a new breed of tech-enabled hospitality companies, in particular non-hotel brands, to enter new markets. Read More
Toyota invests $500M in electric air taxi maker Joby Aviation
News / Technology
Toyota invests $500M in electric air taxi maker Joby Aviation
By Morgan Hines | October 3, 2024
Toyota's new funding is on top of $394 million in prior investments it made in Joby and is part of its effort to transform air travel.   Read More
Truely secures $3.5M to drive eSIM services across travel
News / Startups
Truely secures $3.5M to drive eSIM services across travel
By Mileva Sapic | October 2, 2024
Truely intends to release B2B2C services for major travel operators, airlines, airports, online travel agencies and service providers with $3.5 million in fresh funding. Read More
Air Doctor raises $20M for Asia expansion
News / Startups
Air Doctor raises $20M for Asia expansion
By Morgan Hines | October 1, 2024
Air Doctor has a network of 20,000 multilingual doctors and healthcare specialists in 84 countries across the world, which travelers can access through its app for virtual and in-person appointments. Read More
Cendyn builds out platform with acquisition of Knowland
News / Technology
Cendyn builds out platform with acquisition of Knowland
By Linda Fox | October 1, 2024
Cendyn said the pairing of Knowland's meeting and event data with its own sales CRM, proposals and Grouprev technologies will enable hotels to drive group bookings from a single solution.   Read More
Travel startup funding in Q3 dominated by earlier rounds
News / Startups
Travel startup funding in Q3 dominated by earlier rounds
By Linda Fox | October 1, 2024
Check out who received investment and the deals that were done in PhocusWire's Q3 roundup of funding and M&A activity. Read More
Datalex raises €25M, unveils airline retailing technology
News / Technology
Datalex raises €25M, unveils airline retailing technology
By Linda Fox | September 26, 2024
Datalex recently unveiled its offer and order technology to help airlines boost conversion and drive revenue. The system uses IATA’s offer and order capabilities including NDC and ONE Order.  Read More
B2B ground transportation marketplace Distribusion raises $80M
News / Technology
B2B ground transportation marketplace Distribusion raises $80M
By Morgan Hines | September 26, 2024
Distribusion connects nearly 2,000 ground transportation providers worldwide across bus, rail and ferry services to more than 150 retailers through a single API. Read More
Mews brings in $100M in new financing to accelerate growth
News / Technology
Mews brings in $100M in new financing to accelerate growth
By Mitra Sorrells | September 26, 2024
The Amsterdam-based hospitality technology company said it will use the fresh capital to become more aggressive with mergers and acquisitions to accelerate growth of its business. Read More
SeatBoost lands funding from International Airlines Group
News / Technology
SeatBoost lands funding from International Airlines Group
By Linda Fox | September 25, 2024
SeatBoost enables live auctions on mobile devices at the airport enabling passengers to bid to upgrade their seat and providing airlines with incremental revenue. Read More
TripAdmit secures $1M in funding to expand internationally
News / Startups
TripAdmit secures $1M in funding to expand internationally
By Mileva Sapic | September 20, 2024
TripAdmit, which automates tipping and trip review collection for tour operators, plans to expand its footprint across North America and Europe. Read More
Hotel Engine raises $140M, rebrands to Engine
News / Technology
Hotel Engine raises $140M, rebrands to Engine
By Linda Fox | September 19, 2024
The company plans to use the funding to support product development, including the launch of flight and rental car bookings on its platform in October.   Read More
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