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News / Startups

Property manager Frontdesk laid off staff amid reports of company closure

By Mitra Sorrells | January 3, 2024

Short-term rental startup Frontdesk, which managed over a thousand furnished apartments in the United States, has reportedly laid off its 200-person staff after failing to raise more capital. Read More

News / Online

Phocuswright analysts share their travel industry predictions for 2024

By Morgan Hines | January 2, 2024

As Phocuswright analysts look ahead, they share a myriad of predictions for 2024 including some regarding business travel, pricing and much more. Read More

News / Online

TrustedHousesitters valued at $100M after management buyout

By Linda Fox | December 21, 2023

Founded in 2010, the platform matches pet owners with verified sitters and opens up new travel destinations for sitters. Read More

News / Online

Airbnb apologizes, will pay fine for misleading Australian customers

By Mitra Sorrells | December 20, 2023

Airbnb has agreed to pay a fine and to compensate up to 63,000 customers who were unaware the bookings they made were being charged in U.S. rather than Australian dollars. Read More

News / Technology

Wall Street analysts share views on travel future and AI

By Derek Catron | December 20, 2023

Analysts from TD Cowen, B. Riley Securities, Evercore and BTIG share insights on travel’s future and the role of AI during a panel discussion at The Phocuswright Conference. Read More

News / Startups

Tracking travel startup investment trends in 2023

By Linda Fox | December 20, 2023

Many startups weathered 2023 and demonstrated if not actual profit, then at least a path to profitability, which helped them attract funding. Read More

News / Startups

Smartpricing secures €13M to expand team, launch new products

By Linda Fox | December 15, 2023

Smartpricing uses its proprietary algorithm to process data on market, price as well as hotel historic data to help hoteliers increase turnover. Read More

News / Technology

Stayntouch lands $48M investment to expand PMS services

By Linda Fox | December 12, 2023

United States-based Stayntouch said it will put the funds towards expanding its property management system software and payment services as well as customer acquisition. Read More

News / Startups

Short-term rental monitoring startup Minut raises additional $5M

By Morgan Hines | December 8, 2023

Minut, which helps property managers and hosts to monitor their properties and automate workflows, plans to use the investment to fund product initiatives. Read More

News / Startups

Klook lands $210 million investment for three-pronged growth strategy

By Linda Fox | December 7, 2023

Klook said that it has achieved overall profitability for the first time this year and annualized gross booking value of $3 billion as travel recovery began in 2023 for many Asian markets. Read More

News / Online

Airbnb announces changes to executive team

By Derek Catron | December 5, 2023

CFO Dave Stephenson becomes Airbnb’s first chief business officer, a role in which he will be asked to drive growth across the company’s existing and new businesses. Read More

News / Startups

Ground transportation startup Transferz extends Series A with funding from Holiday Extras

By Mitra Sorrells | December 5, 2023

Founded in 2020, Transferz provides the technology to connect travel brands to local transportation companies offering services to and from more than 750 airports, seaports, train stations and more.... Read More

News / Distribution

Travelport boosts balance sheet with $570 million investment

By Linda Fox | December 4, 2023

The capital will enable the company to invest in its technology platforms and “pave the way for other innovations” in the travel industry, according to a statement. Read More

Opinion / Technology

Why payments orchestration in travel should be personalized

By Damian Alonso – Outpayce from Amadeus | December 1, 2023

A payments strategy won’t deliver maximum value until the decision-making is powered by an understanding of both the payment and the trip. Read More

News / Startups

Top travel VCs on opportunities and challenges for innovation, funding

By Mitra Sorrells | November 30, 2023

Investors from F-Prime Capital, Par Capital Management and JetBlue Ventures shared their outlook for funding for travel startups at an event hosted by Plug and Play, Sabre and Flight Centre Travel... Read More

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