Finance


18 startups to compete in Global Startup Pitch semifinals
News / Startups
18 startups to compete in Global Startup Pitch semifinals
By PhocusWire | August 7, 2023
The semifinals of the Global Startup Pitch, organized by WiT and Phocuswright, will be held on August 24 with a total of 18 startups, including three in a new "Wildcard 2" category. Read More
Citizens partners with Wyndham on vacation club pay plan
News / Online
Citizens partners with Wyndham on vacation club pay plan
By Derek Catron | August 3, 2023
Citizens Pay allows Wyndham Destinations vacation club members to cover down payment costs with fixed monthly payments. Read More
Casai ceases operations, founder shares 4 regrets
News / Startups
Casai ceases operations, founder shares 4 regrets
By Mitra Sorrells | August 1, 2023
After raising more than $50 million since its launch in 2019, Latin America-based hospitality startup Casai has closed down, prompting co-founder Nico Barawid to share some candid reflections.   Read More
United, JetBlue further investments in sustainability
News / Technology
United, JetBlue further investments in sustainability
By Derek Catron | July 31, 2023
United Airlines announced an increase to its sustainable flight fund along with new partners – including JetBlue Ventures, which is also investing in carbon dioxide removal technology. Read More
OAG adds airfare data with acquisition of Infare
News / Online
OAG adds airfare data with acquisition of Infare
By Derek Catron | July 28, 2023
OAG acquired Infare from Ventiga Capital in a deal valuing the combined entity at over $500 million.   Read More
Nezasa raises $4.7M to boost international growth
News / Startups
Nezasa raises $4.7M to boost international growth
By Mitra Sorrells | July 26, 2023
Nezasa said the new investments strengthen the travel technology company's international growth strategy and accelerate the path to profitability. Read More
CEO Spotlight - Niko Karstikko of Bob W
Interview / Startups
CEO Spotlight - Niko Karstikko of Bob W
By Linda Fox | July 25, 2023
Niko Karstikko and Sebastian Emberger set up Bob W in Helsinki in 2018 and have steadily grown its portfolio of city-based rental properties since then and raised €21 million in October 2022. Read More
Corporate travel platform secures €10M for expansion
News / Online
Corporate travel platform secures €10M for expansion
By Derek Catron | July 24, 2023
The investment, led by illimity, allows Italy-based BizAway to finalize new acquisitions and invest in new research and development.   Read More
Lilium avoids delisting with $192M injection
News / Startups
Lilium avoids delisting with $192M injection
By Linda Fox | July 18, 2023
EVTOL company Lilium hopes to achieve its first manned flight in the second half of 2024. Read More
Expedia Group lays off staff in U.S. and abroad
News / Online
Expedia Group lays off staff in U.S. and abroad
By Mitra Sorrells | July 17, 2023
Beginning last Wednesday there are multiple posts on social media from people who say they were Expedia Group employees and have been laid off, and the company has confirmed the layoffs but would not... Read More
Boddy gets $2.2M to connect travelers with wellness activities
News / Startups
Boddy gets $2.2M to connect travelers with wellness activities
By Mitra Sorrells | July 13, 2023
Boddy operates a consumer-facing website and partners with hotels, airlines and online travel agencies to enable travelers to book wellness experiences in cities around the world. Read More
Culture Trip considers sale, funding options following management buyout
News / Online
Culture Trip considers sale, funding options following management buyout
By Mitra Sorrells | July 12, 2023
 Culture Trip has struggled to find its way and is now considering a sale after raising more than £130 million from investors.   Read More
Travel investors on trip planning and using B2C as a sandbox
News / Startups
Travel investors on trip planning and using B2C as a sandbox
By Linda Fox | July 12, 2023
Rod Cuthbert, travel industry veteran best known for founding Viator, joins Bobby Demri, founder and managing director of Roch Ventures, to talk travel investment trends in the PhocusWire Studio at... Read More
Startup for reselling non-refundable tickets raises $3M
News / Startups
Startup for reselling non-refundable tickets raises $3M
By Derek Catron | July 12, 2023
Fairlyne, a PhocusWire Hot 25 Travel Startup for 2023, offers the technology to allow travel companies to add resales to their distribution.   Read More
With acquisition, South Korea’s ONDA can manage all types of properties
News / Startups
With acquisition, South Korea’s ONDA can manage all types of properties
By Derek Catron | July 10, 2023
The company’s moves included forming a subsidiary, OATech, after acquiring the hotel property management system business unit of Oasis Story, a Korean-based B2B solutions provider.   Read More
The Phocuswright Conference 2026