Finance

News / Technology

Korea-based credit card company creates travel booking portal

By D.J. Catron | May 20, 2024

The travel portal for Lotte Card customers will offer flights, accommodations and car rentals powered by HTS, Hopper's B2B solution. Read More

News / Technology

Simard to cease operations

By Michael B. Baker – Business Travel News | May 17, 2024

Simard was launched in 2021 by Winding Tree founder Pedro Renaud Anderson and travel technology consultant Matthieu Tahon to develop corporate use cases built from the Winding Tree blockchain. Read More

News / Startups

Naya Homes nabs $3M for vacation rental expansion in Mexico

By Linda Fox | May 8, 2024

Naya has raised $9.2 million to date, and these latest funds will go toward expanding the company into 10 new markets in Mexico. Read More

News / Online

India-based travel distribution platform TBO to open IPO

By Mitra Sorrells | May 6, 2024

The company said it will use the proceeds to invest in its technology and data solutions, to add new buyers and suppliers and to pursue acquisitions. Read More

News / Online

Incoming Expedia Group CEO Ariane Gorin emphasizes AI, personalization

By Morgan Hines | May 2, 2024

Ariane Gorin shared her plans as the incoming CEO of Expedia Group while the company reported earnings, tempering booking expectations for 2024. Read More

News / Online

Booking Holdings beats earnings expectations, talks up AI potential

By D.J. Catron | May 2, 2024

First quarter revenues of $4.4 billion represented a 17% increase over the same period last year, and net income of $776 million was nearly three times higher than Q1 in 2023. Read More

News / Distribution

Sabre says growth strategy beginning to pay off

By Linda Fox | May 2, 2024

Sabre president and CEO Kurt Ekert said margin expansion for the distribution company was driven by revenue growth, efficiency improvements and progress on its technology transformation. Read More

News / Online

Hostaway launches financial services for STRs

By D.J. Catron | April 25, 2024

Hostaway Capital, in partnership with Parafin, will offer financing options for vacation rental property management. Read More

News / Startups

Short-term rental experts talk funding climate, acquisition and valuations

By Linda Fox | April 25, 2024

Vacation rental executives from Awaze, HomeToGo, Hostaway, CVC Capital and Forge Holiday Group discuss industry growth and challenges. Read More

News / Online

Travel groups warn of fewer trips if U.S. adopts plan to lower credit card fees

By Johanna Jainchill and Robert Silk – Travel Weekly | April 19, 2024

A proposal to lower credit card fees could have the unintended consequence of reducing travel by cutting into the funds that support loyalty programs, data from the U.S. Travel Association shows. Read More

News / Online

Consortium led by Certares will invest €125M as part of agreement with FTI Group

By Morgan Hines | April 18, 2024

FTI Group will use the new funding to bolster growth and pay for a “digital transformation.” Read More

News / Startups

Ramp raises $150M to bring AI to spend management

By Linda Fox | April 18, 2024

Eric Glyman, co-founder and CEO of Ramp, said the funding would go to "the next wave of innovation," which includes AI developments. Read More

News / Startups

Skyports lands $110M for air taxi infrastructure development in Dubai

By Linda Fox | April 17, 2024

After announcing a deal to develop vertiports in Dubai earlier this year, Skyports has received investment from ACS Group to help build the air taxi infrastructure. Read More

News / Startups

Exoticca secures €4M for further expansion

By D.J. Catron | April 16, 2024

Exoticca CEO Pere Vallés said the funding would help the company’s expansion in Latin America. Read More

News / Startups

Travel startup funding and M&A activity in Q1 2024

By Linda Fox | April 16, 2024

Phocuswright's Travel Startups Interactive Database shows that after a down year in 2023, funding for travel startups has increased in the first quarter of 2024. Read More

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