Finance

News / Startups

Point.me secures $15M to expand travel rewards search platform

By Linda Fox | September 18, 2024

The investment was led by Nyca Partners and Citi Ventures with Samsung Next, RiverPark Ventures, Meta executives, the co-founder of ITA Software (Google Flights), Thayer Ventures and PAR Capital... Read More

News / Startups

Mayfair invests $35M in BizAway

By Mileva Sapic | September 16, 2024

BizAway plans to implement new AI and data strategies and develop additional products that will help solve the challenges experienced by corporate travelers with Mayfair's $35 million investment. Read More

News / Online

Peter Kern exits Expedia Group board after 19 year tenure

By Morgan Hines | September 13, 2024

The decision came as a result of “the speed and success of the Company’s recent management transition,” the SEC filing reads, referencing Kern’s exit as CEO in May when he was replaced by Ariane Gorin. Read More

News / Online

Hotel tech start-up Userguest secures $2.2M in seed funding

By Mileva Sapic | September 13, 2024

Userguest operates in over 30 countries and said it has generated more than $100M in direct revenue for hotels in 2019. Read More

News / Online

Booking Holdings' new CFO expects connected trip "is really there" in 3 to 5 years

By Morgan Hines | September 10, 2024

Ewout Steenbergen, chief financial officer at Bookings Holdings since March, called out the company's work in alternative accommodations and artificial intelligence and strong demand in Asia as key... Read More

News / Online

Business travel division leads 2X growth for Flight Centre Travel Group

By Mitra Sorrells | August 28, 2024

Flight Centre Travel Group CEO Chris Galanty credited the company's AI Centre of Excellence for "revolutionizing" customer service and empowering agents through automation. Read More

News / Startups

Steve Singh's latest business travel startup lands $6M for AI agent

By Linda Fox | August 22, 2024

Singh will serve as executive chairman of Otto, which is creating an AI-powered travel assistant to plan, book and support business travelers during a trip. Read More

News / Startups

Besty AI lands $1.5M to drive guest communications platform forward

By Linda Fox | August 22, 2024

The funds will be used for further growth with plans to enhance platform and double the size of the team in the next few months. Read More

News / Technology

Blackstone acquires hotel accounting tech specialist M3

By Linda Fox | August 16, 2024

M3, which was founded in 1998, provides a back-office accounting software platform as well as labor management and business intelligence tech to more than 8,000 properties in North America. Read More

News / Startups

India-based all-electric Fresh Bus raises $10.5M for expansion

By Mitra Sorrells | August 13, 2024

Founded in 2023, Fresh Bus operates on intercity routes in India along with a digital-first customer experience that offers real-time bus tracking and a loyalty program. Read More

News / Online

Inspirato receives $10M, makes employee cuts, names new CEO

By Morgan Hines | August 13, 2024

The luxury travel subscription company received $10 million in equity financing, cut its workforce by 15% and named Payam Zamani as its new chairman and CEO. Read More

News / Startups

OYO raises $174 million in Series G funding

By Linda Fox | August 13, 2024

The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth. Read More

News / Startups

Myne adds €40M for vacation home co-ownership platform expansion

By Linda Fox | August 1, 2024

The equity and debt round was led by Limestone Capital with existing investors Motive Ventures and Scope Hanson also involved. Read More

News / Online

Trivago deepens partnership with Holisto while reporting Q2 losses

By Morgan Hines | July 30, 2024

As Trivago announced its new investment, the company reported total revenue for Q2 amounted to €118.6 million, down 5% from €124.4 million during the same period last year. Read More

News / Startups

Travel insurance startup Faye raises $31M in series B funding

By Mileva Sapic | July 30, 2024

The round was led by Portage, a global investment platform, along with contributions from Lumir Ventures, F2 Venture Capital, Viola Ventures and Munich Re Ventures. Read More

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