Investments

News / Startups

Host & Stay receives £10.5M to support “buy-and-build” strategy

By Morgan Hines | September 5, 2024

With the backing of Growth Partner, Host & Stay’s “buy-and-build” strategy will have immediate momentum, starting with the company’s acquisition of Airhost For You and Norfolk Holiday Properties. Read More

News / Online

Thomas Cook finds new home with Poland's eSky Group

By Linda Fox | September 5, 2024

The Poland-based travel company that operates the eSky and eDestino brands has acquired Thomas Cook from Fosun Tourism Group. Read More

News / Startups

Lufthansa seeks startup partnerships, spins out Cosmos platform

By Linda Fox | August 30, 2024

The hub has unveiled “Startup Gate,” a venture clienting platform to connect Lufthansa Group with startups, as part of a strategy to double down on partnerships. Read More

Interview / Technology

CEO Spotlight: Steve Singh of Spotnana

By Linda Fox | August 29, 2024

Steve Singh was announced as CEO of Spotnana in June, adding to his existing roles of executive chairman of Direct Travel, Troop, Spotnana and Center as well as other technology companies. He is also... Read More

News / Online

IATA aims to improve airline communication on interline bags

By Robert Silk - Travel Weekly | August 26, 2024

A new IATA initiative will help airlines better communicate with one another and with airports as they deliver checked bags across interline itineraries. Read More

Opinion / Online

Is the multi-day tour industry ready for digital transformation?

By Ragnar Fjolnisson - Kaptio | August 23, 2024

Ragnar Fjölnisson, founder of Kaptio, writes that by fully embracing digital transformation, multi-day tour operators can enhance customer satisfaction, drive economic growth and contribute to a more... Read More

News / Startups

Steve Singh's latest business travel startup lands $6M for AI agent

By Linda Fox | August 22, 2024

Singh will serve as executive chairman of Otto, which is creating an AI-powered travel assistant to plan, book and support business travelers during a trip. Read More

News / Technology

Blackstone acquires hotel accounting tech specialist M3

By Linda Fox | August 16, 2024

M3, which was founded in 1998, provides a back-office accounting software platform as well as labor management and business intelligence tech to more than 8,000 properties in North America. Read More

News / Online

PhocusWire's weekly travel tech news briefs: Holibob, RedAwning, Cloudbeds, AirDNA and more

By PhocusWire | August 16, 2024

Keep up with all the latest people, product and partner news from around the global travel industry in PhocusWire's weekly roundup. Read More

News / Startups

India-based all-electric Fresh Bus raises $10.5M for expansion

By Mitra Sorrells | August 13, 2024

Founded in 2023, Fresh Bus operates on intercity routes in India along with a digital-first customer experience that offers real-time bus tracking and a loyalty program. Read More

News / Online

Inspirato receives $10M, makes employee cuts, names new CEO

By Morgan Hines | August 13, 2024

The luxury travel subscription company received $10 million in equity financing, cut its workforce by 15% and named Payam Zamani as its new chairman and CEO. Read More

News / Startups

OYO raises $174 million in Series G funding

By Linda Fox | August 13, 2024

The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth. Read More

News / Technology

Priorities, challenges and next steps for Lufthansa Innovation Hub

By Linda Fox | August 13, 2024

Travel startups including Squake, Navit, Swifty and Uptrip have come out of the Lufthansa Innovation Hub. Now, at 10 years old, the corporate venture unit is looking at how it scales further, does more... Read More

News / Startups

Events and tickets platform Coras raises €1.3M

By D.J. Catron | August 12, 2024

The funding was led by DataOp and will also help Dublin-based Coras roll out Fida, a web loyalty platform that facilitates tokenized commerce so customers can spend their loyalty points across multiple... Read More

News / Online

Q&A: Travelport's Greg Webb talks future of NDC, IT outage, more

By Morgan Hines | August 12, 2024

At the Global Business Travel Association conference in Atlanta late last month, Greg Webb sat down with PhocusWire for a wide-ranging interview on the travel industry, Travelport and more. Read More

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