Finance

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

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

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

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

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. 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

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