Investments

News / Startups

Frontdesk acquires short-term rental operator Zencity

By Derek Catron | June 6, 2023

The purchase is part of a plan to expand Frontdesk’s inventory of furnished apartments maintained to hotel standards that can be rented for nights, weeks or months at a time. Read More

News / Technology

Iris launches venture arm to build hospitality tech ecosystem

By Linda Fox | June 6, 2023

Iris Tech Ventures, spearheaded by Iris CEO Mark Horne, is targeting travel and hospitality startups across the world who are working on improving the guest experience. Read More

News / Online

What travel companies can do to keep banks’ trust

By Bob Kaufman – ConnexPay | June 2, 2023

Banks become more conservative at times of economic unrest. The companies that bear the brunt of that conservatism are those that banks term “high risk” — and that unfortunately includes much of the... Read More

News / Startups

Hostaway raises $175M for vacation rental tech expansion

By Linda Fox | May 31, 2023

Hostaway, which launched in 2016, plans to put the funds towards recruitment, strengthening customer service and further growth, with acquisitions potentially in the cards. Read More

News / Startups

HostGPO raises $6M to fuel expansion efforts

By Derek Catron | May 26, 2023

Navitas Capital led the round alongside Omnia Partners. Also investing in the round are 75&Sunny, Brian Lee and PAR Capital Ventures. Read More

News / Startups

Meet the 15 semifinalists of the Global Startup Pitch

By Yeoh Siew Hoon – Web In Travel | May 25, 2023

After a marathon of startup pitches that went around the world, 15 companies have been chosen as semifinalists in the Global Startup Pitch run by Web In Travel and Phocuswright. Read More

News / Technology

Zuzu Hospitality checks in with $9M in funding

By Linda Fox | May 25, 2023

The round for the Singapore-based company was led by SoftBank Ventures Asia with Atinum Partners and existing investors Wooshin Venture Investment, Visor Ventures and JG Digital Equity Ventures also... Read More

News / Online

JPMorgan Chase using travel playbook to build lifestyle product

By Linda Fox | May 24, 2023

The bank, which launched ChaseTravel.com last year, said travel sales volume was about $8 billion in 2022 and estimated it will be $10 billion this year. Read More

News / Startups

India-based bus platform Chalo raises $57M

By Derek Catron | May 23, 2023

The company, which offers live bus tracking services and contactless payment solutions, plans to use the funds to further its tech stack and power expansion in Indian and other countries. Read More

News / Startups

Travel insurance startup Faye raises $10M

By Derek Catron | May 23, 2023

The funding round was led by Munich Re Ventures along with existing investors Viola Ventures and F2 Venture Capital. Read More

News / Technology

Rise in mishandled baggage spotlights need for automation, study finds

By Kathryn Walson | May 17, 2023

After more than a decade of declining rates, the incidence of mishandled bags shot up by 75% last year as airlines and airports grappled with a surge in passengers. Read More

News / Startups

Hotel Manager lands £2.2M to grow team, enhance platform

By Kathryn Walson | May 16, 2023

The London-based startup said the capital enables it to “fuel aggressive growth and build upon its multi-award winning product.” Read More

News / Online

Travel tech founders consider effects of bank failures

By Kathryn Walson | May 16, 2023

Travel tech CEOs offer advice to founders as a string of recent bank failures in the U.S. has raised concerns about funding for travel startups. Read More

News / Technology

Blackstone to sell interest in travel tech’s IBS Software

By Derek Catron | May 16, 2023

The private equity giant invested $170 million for a minority stake in IBS Software in 2015. It’s agreed to sell its interests to Apax Partners for about $450 million. Read More

News / Online

Mondee acquires Consolid and Interep to strengthen position in Latin America

By Kathryn Walson | May 16, 2023

Travel marketplace and tech platform Mondee went public last summer under the ticker symbol MOND. Read More

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