Finance


despegar-q2-2020
News / Online
Despegar gets $200M in investments, sees “positive trend” in bookings
By Mitra Sorrells | August 21, 2020
Despegar's bookings declined 94% year-over-year in the second quarter, but the company is expressing optimism fueled by two new investments.   Read More
Phocuswright Europe 2020 preview: Out of Office with... Sean Seton-Rogers
Interview / Startups
Phocuswright Europe 2020 preview: Out of Office with... Sean Seton-Rogers
By PhocusWire | August 20, 2020
In a series of interviews with executives participating in the online event in September, PhocusWire finds out what they have learned from the Covid-19 crisis. Next up: PROfounders Capital' Sean... Read More
Airbnb files for IPO despite crisis year for the travel industry
News / Online
Airbnb files for IPO despite crisis year for the travel industry
By Kevin May | August 19, 2020
The question of when Airbnb would move towards its long-awaited IPO has followed the company long before the coronavirus pandemic hit the industry in early-2020. Read More
Omio secures $100M in funding, eyes customer experience developments and "opportunistic acquisitions"
News / Online
Omio secures $100M in funding, eyes customer experience developments and "opportunistic acquisitions"
By Linda Fox | August 19, 2020
Existing and new investors have participated in this latest round, including Kinnevik, Temasek, Goldman Sachs, NEA and Kleiner Perkins. Read More
tripadvisor-q2-2020
News / Online
Tripadvisor revenue down 86% in Q2 to $59M, still better than expected, says CEO
By Mitra Sorrells | August 6, 2020
Tripadvisor says it is seeing steady improvement in users and revenue since lows in April. Read More
expedia-q2-2020
News / Online
Abysmal April pulls Expedia Group down to record lows in second quarter
By Mitra Sorrells | July 30, 2020
Expedia Group saw an uptick in business in May and June and now a leveling off in July. Read More
Spotta nets $1.2M to bring its hotel pest control tech to new markets
News / Startups
Spotta nets $1.2M to bring its hotel pest control tech to new markets
By Linda Fox | July 30, 2020
Spotta has raised a seed round to put towards expansion and the launch of new services. Read More
traveloka-250-million
News / Online
Southeast Asian OTA Traveloka raises $250M as it sees “encouraging recovery” in key markets
By Mitra Sorrells | July 28, 2020
The company has implemented several measures to address COVID-19 and says it is seeing recovery in Vietnam, Thailand, Indonesia and Malaysia. Read More
Hotailors closes £2.6M seed round, looks to expansion
News / Technology
Hotailors closes £2.6M seed round, looks to expansion
By Linda Fox | July 24, 2020
Investors in the Poland-based company include DialCom24, Alfabeat and a number of private backers. Read More
Didi Chuxing targets younger demographic with Huaxiaozhu ride-hailing service
News / Distribution
Didi Chuxing targets younger demographic with Huaxiaozhu ride-hailing service
By Linda Fox | July 23, 2020
Didi Chuxing has launched a cheaper ride-hailing service called Huaxiaozhu and targeting younger customers. Read More
gett-100-million
News / Distribution
Gett raises $100M to grow B2B corporate travel business ahead of possible IPO
By Mitra Sorrells | July 21, 2020
Gett says it is now fully funded and plans to expand its ground transportation platform globally. Read More
WATCH: Visualization of the early hit on digital travel revenues from coronavirus
News / Online
WATCH: Visualization of the early hit on digital travel revenues from coronavirus
By PhocusWire | July 8, 2020
The first signs of how much impact the crisis has hit the revenues of publicly traded companies became apparent when they released their first quarter earnings reports. Read More
Questo adds €300,000 in funding to expand self-guided tours
News / Startups
Questo adds €300,000 in funding to expand self-guided tours
By Linda Fox | July 7, 2020
Romania-based Questo wants to offer tours in 100 cities by the end of 2020. Read More
VIDEO: New Reality With... Jamie Wong and Erik Blachford of Narrative Fund
News / Startups
VIDEO: New Reality With... Jamie Wong and Erik Blachford of Narrative Fund
By PhocusWire | July 3, 2020
The next guests on the New Reality With... series are Jamie Wong and Erik Blachford, partners at Narrative Fund, a U.S.-based early stage investment fund in consumer technology companies. Read More
Sounding Off: Risky startup investments now have a new risk attached
Interview / Startups
Sounding Off: Risky startup investments now have a new risk attached
By PhocusWire | June 26, 2020
Startups have to contend with surviving the crisis, but they must also climb a hill in terms of the viability of their product or service for the long term and in the "new normal." Read More
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