Investments

 alt="SITA Lufthansa partnership"  title="SITA Lufthansa partnership"
News / Online
SITA and Lufthansa digitize lost luggage solution
By Kathryn Walson | March 16, 2023
When passengers land at an airport, SITA’s WorldTracer Auto Reflight notifies them of any luggage delay and gathers delivery details. The companies say it saves time and money for the industry. Read More
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News / Technology
Splio acquires Tinyclues to boost AI-marketing power
By Derek Catron | March 16, 2023
The Tinyclues’ platform increases the value proposition of Splio, making it the European leader in AI-powered customer relationship management, the company says.   Read More
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News / Startups
Danish home rental platform from former Airbnb employees raises €3.8M
By Mitra Sorrells | March 16, 2023
Landfolk says it now has more than 1,000 holiday homes on its platform across Denmark, Germany and Norway and with this funding it is intending to double that number this year. Read More
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News / Online
Vacasa sets sights on long-term profitable growth
By Kathryn Walson | March 14, 2023
Vacasa's priorities are shifting to improving efficiency and developing processes “to deliver an unmatched experience for our homeowners and elevated hospitality for our guests,” CEO Rob Greyber says. Read More
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News / Startups
Are travel companies more willing to work with startups?
By Linda Fox | March 14, 2023
Investors believe there has been positive change since before the pandemic with travel supply companies such as hotels and airlines now much more receptive to working with startups. Read More
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News / Online
Tryp.com secures seed round to enhance tech, expand reach
By Kathryn Walson | March 14, 2023
The Denmark-based startup says its search engine “accesses thousands of flights, trains, buses and hotels in real-time, comparing prices, locations and schedules.” Read More
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News / Startups
Polish STR manager Renters.pl secures funding to grow
By Derek Catron | March 14, 2023
Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, will acquire up to 80% of Renters.pl.   Read More
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News / Startups
Travel startups consider cost of SVB collapse
By Linda Fox | March 13, 2023
News of SVB’s demise left the startup world reeling, with the bank said to work with more than 50% of U.S. startups and 40% of U.K. startups. Many feared they would be unable to make March’s payroll. Read More
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News / Distribution
Travelport adds corporate booking technology with acquisition of Deem
By Mitra Sorrells | March 10, 2023
Deem will maintain its existing integrations with other global distribution systems, including Sabre and Amadeus, while Travelport will continue to support third-party booking solutions such as Concur... Read More
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News / Online
Advocates push for bold steps to diversify hotel leadership
By Derek Catron | March 10, 2023
Wyndham, Marriott, Hyatt and others take steps, but advocates say more may be needed to improve diversity among hotel owners.   Read More
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News / Startups
Wheel the World lands $6M to boost accessibility in travel
By Kathryn Walson | March 10, 2023
Founded in 2018, the San Francisco-based startup plans to expand its listings with the goal of having 12,000 travelers book through its platform by December 2024. Read More
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News / Startups
Phocuswright/WiT Global Startup Pitch kicks off 2023 edition
By WiT | March 9, 2023
Startups from around the world, both within and outside travel, that are no more than six years old and have raised no more than $10 million, can apply to pitch.   Read More
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News / Startups
Women-led travel startups talk challenges, change, funding
By Linda Fox | March 8, 2023
The pandemic has not helped close the workplace gender gap, but there are gradual improvements. On International Women's Day, PhocusWire discusses some of the issues with three female travel startup... Read More
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News / Online
Travelsoft aquires Travel Compositor to expand software-as-a-service
By Kathryn Walson | March 7, 2023
Travelsoft says that with this acquisition it will now transact bookings worth €5 billion annually through more than 300 tour operators connected to 600 suppliers in about 40 countries.  Read More
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News / Startups
Roch Ventures joins TravelPerk and Flixbus founders in WeSki funding
By Linda Fox | March 6, 2023
The size of the investment has not been disclosed, but at launch Roch Ventures said it was targeting roughly 15 companies with its €100 million fund. Read More