Finance

News / Online

RedDoorz CEO chases profitability, sees opportunities for travel companies to IPO

By Yeoh Siew Hoon - WebInTravel | August 25, 2020

As Airbnb prepares for its much-anticipated IPO, RedDoorz co-founder and CEO Amit Saberwal predicts there will be more strong companies that emerge out of COVID and want to go public. Read More

Opinion / Online

Airbnb is set for a blockbuster IPO - here's why

By Tom Caton - AirDNA | August 24, 2020

Even amid COVID-19, Airbnb may be sneakily well-positioned to come out on top. Read More

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

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

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

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

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

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

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

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

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

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

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

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