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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.
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News
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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.
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News
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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...
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News
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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.
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News
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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.
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News
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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.
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News
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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...
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News
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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.
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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.
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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.
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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.
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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.”
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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.
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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.
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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.
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GetYourGuide nabs $194M for global expansion, more AI development
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Capital One acquires digital concierge, Velocity Black
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Microsoft: New AI plugins coming from Tripadvisor, Trip.com, Skyscanner and more
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Uber adds enhanced option for business travelers
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