Finance

News / Startups

Refundit pockets $9.8M for its digital VAT refund service

By Linda Fox | November 15, 2019

Amadeus Ventures led the round, with participation also coming from Portugal Ventures and a number of seed investors. Read More

News / Online

Trip.com Group operations income up 52% as company begins new chapter

By Steven Lerner | November 14, 2019

Net revenue grew 12% year-over-year to $1.47 billion for newly named online travel agency group. Read More

News / Online

Booking Holdings survives SEO headwinds, reports financial growth

By Steven Lerner | November 8, 2019

Gross bookings increased 4% year-over-year to $25.3 billion, while net income soared 10% to $2 billion. Read More

News / Online

TripAdvisor forms joint venture with Trip.com Group, reports decline in Q3 revenue

By Steven Lerner | November 7, 2019

The U.S.-based travel and reviews website reported a 7% year-to-year decrease in total revenue for the third quarter to $428 million. Read More

News / Distribution

Despegar reports growth in bookings and revenue, optimism from recent partner agreements

By Mitra Sorrells | November 7, 2019

Argentina-based Despegar reports gross bookings up 26% and revenue up 19% in the third quarter of 2019 compared to the same period a year earlier. Read More

News / Online

Expedia blames weak SEO for flat performance, reports $3.56B revenue

By Steven Lerner | November 6, 2019

For Expedia Group in the third quarter of 2019, net income fell 22% year-over-year and adjusted EBITDA was flat. Read More

News / Online

Trivago CEO moves aside as quarterly revenue dips

By Steven Lerner | November 5, 2019

The Düsseldorf, Germany-based company reported a 1% year-over-year decrease in revenue to €250.3 million in the third quarter of 2019. Read More

News / Technology

Uber narrows losses in Q3, pledges profitability by 2021 and "magical company" aim

By Steven Lerner | November 5, 2019

The San Francisco-based rideshare company saw its revenue increase 30% year-over-year to $3.8 billion. Read More

From Our Partners / Technology

Insurtech innovation can digitally transform the travel sector

By Patrick Young - Cover Genius | November 4, 2019

Digital transformation has the potential to radically reshape the world around us, from healthcare and government to banking and retail. But nowhere is the opportunity greater than in the travel sector. Read More

News / Technology

Lyft reports uptick in revenue to $956M, keeps losing money in Q3 2019

By Steven Lerner | October 30, 2019

Despite the current losses, the company anticipates reaching profitability in terms of adjusted EBITDA by the fourth quarter of 2021. Read More

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange

News / Technology

One small step for space tourism - Virgin Galactic merges with Social Capital Hedosophia, goes public

By Steven Lerner | October 29, 2019

With the merger between Virgin Galactic and Social Capital Hedosophia, anyone can now invest in a human spaceflight company. Read More

News / Distribution

BlaBlaCar expands multimodal service with acquisition of Busfor

By Linda Fox | September 25, 2019

The France-based carpooling platform says the acquisition will expand its inventory of third-party bus operators in a region where members total more than 25 million. Read More

News / Startups

VIDEO: JetBlue Tech Ventures on investment pillars, larger checks and non-travel entrepreneurs

By Linda Fox | September 20, 2019

JetBlue Technology Ventures has 24 startups in the portfolio that are seeking to address pain points across the wider business and the customer experience. Read More