Finance

News / Online

By Linda Fox | May 13, 2022

The company has agreed to merge with InterPrivate II Acquisition Corp with a value of $1.2 billion for the combined entity. Read More

News / Startups

Czech camper van rental marketplace adds €2.7M to seed round

By Mitra Sorrells | May 13, 2022

Campiri says it will use the funding to enter new markets, add to its team and to purchase vehicles to sell to others that want to rent on the platform. Read More

News / Startups

Katanox raises $5.7M, adds Expedia exec Rob Torres to board

By Mitra Sorrells | May 12, 2022

Katanox says it will use this funding to expand internationally and further develop its platform and integrations with CRS, PMS and payment service providers. Read More

News / Online

Cabify gets EU bank loan for electric vehicle rollout

By Linda Fox | May 12, 2022

The investment will help Cabify achieve its target of a zero-emission fleet in Spain by 2025 and worldwide by 2030. Read More

News / Online

Sonder revenue slips due to omicron in Q1 2022

By Jill Menze | May 11, 2022

For Q1 2022, Sonder revenue decreased from the previous quarter to $80.5 million, while adjusted EBITDA was negative $83.5 million. Read More

News / Startups

Bookaway revs up with $35M in Series C funding

By Linda Fox | May 10, 2022

The company, whose brands include 12Go, GetByBus and Plataforma 10, has now raised a total of $80 million. Read More

News / Distribution

Despegar to acquire Brazilian OTA Viajanet

By Mitra Sorrells | May 6, 2022

This marks the third acquisition of a Brazil-based company for Despegar, which operates as Decolar in the Brazil market. Read More

777partners-acquires-aerocrs-worldticket

News / Technology

777 Partners acquires AeroCRS and WorldTicket

By Mitra Sorrells | May 5, 2022

The firm says it will form a new travel group to offer a suite of products to airlines and travel companies for retailing, distribution, interlining and passenger connectivity. Read More

News / Technology

Arrivalist signs $2M debt financing investment round

By Kevin May | May 5, 2022

The non-dilutive debt financing program is the fifth round of support that the U.S.-based company has received to-date from Lighter Capital. Read More

News / Online

Booking Holdings reports quarterly record for gross bookings of $27B

By Mitra Sorrells | May 4, 2022

Booking Holdings' adjusted EBITDA in the Q1 2022 was $310 million, compared with an adjusted EBITDA loss of $195 million in Q1 2021. Read More

News / Startups

Mint House raises $35M led by Mohari Hospitality

By Mitra Sorrells | May 4, 2022

Mint House reports its revenue grew more than 200% in 2021, and in the last two years the company has tripled its property count, now at 22 properties in 14 markets. Read More

News / Online

Lyft Q1 profit of $55M exceeds outlook by $40M

By Mitra Sorrells | May 3, 2022

Lyft achieved adjusted EBITDA of $55 million and revenue of $876 million in the first quarter of this year. Read More

News / Online

Expedia Group revenue jumps 81% as travel recovery continues

By Jill Menze | May 2, 2022

For the first quarter of 2022, Expedia Group revenue was $2.2 billion, an 81% increase from $1.2 billion in Q1 2021. Read More

News / Startups

NUMA strikes deal to manage and operate €500M hotel portfolio

By Mitra Sorrells | May 2, 2022

NUMA Group has entered into a strategic partnership with LaSalle Investment Management to create a portfolio of properties in major cities around Western Europe. Read More

News / Online

WATCH: Digital travel brands ended 2021 with cautious optimism

By PhocusWire | April 29, 2022

The Omicron variant of COVID-19, which emerged in late 2021, illustrated how the travel, tourism and hospitality industry will likely remain at the mercy of the pandemic for some time. Read More

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