Investments

Joyned receives $8M in funding
News / Startups
Joyned receives $8M in funding
By Morgan Hines | January 31, 2024
Joyned enables online travel agencies, hotels and other booking sites to offer group travel planning and booking on their websites, to create a seamless and collaborative booking process.  Read More
Japan-based hotel tech company Tripla targets SE Asia growth with latest acquisition
News / Technology
Japan-based hotel tech company Tripla targets SE Asia growth with latest acquisition
By Mitra Sorrells | January 24, 2024
Tripla has acquired Singapore-based Endurance Technology Solutions, which develops and sells the Pelican Hotel Solution - a reservation system that works with major overseas channel managers. Read More
Daytrip drives off with $10M for expansion of door-to-door platform
News / Startups
Daytrip drives off with $10M for expansion of door-to-door platform
By Linda Fox | January 23, 2024
The funding will go towards further development of the platform as well as expanding into new countries including the United States. Read More
Middle East business travel platform Tumodo raises $35M
News / Startups
Middle East business travel platform Tumodo raises $35M
By Mitra Sorrells | January 22, 2024
Founded in 2023, Tumodo said it already works with 100 companies in the MENA region and aims to expand to 25 countries worldwide by 2026. Read More
Travel investors on the funding dynamics in 2024
News / Startups
Travel investors on the funding dynamics in 2024
By Linda Fox | January 22, 2024
Travel investors Derive Ventures and Inovia share insight on the funding landscape for 2024 with additional perspective from travel startups. Read More
UAE’s Silkhaus closes multi-million pre-series A financing
News / Startups
UAE’s Silkhaus closes multi-million pre-series A financing
By Derek Catron | January 18, 2024
The Dubai-based proptech startup raised the undisclosed financing from San Francisco-based Partners for Growth.   Read More
Runnr.ai secures €1M to scale hotel guest communications startup
News / Technology
Runnr.ai secures €1M to scale hotel guest communications startup
By Linda Fox | January 18, 2024
The investment will go towards helping hotels deliver personalized services, improve efficiency for front desks and find upsell opportunities. Read More
Dott and Tier plan joint entity forming European micromobility leader
News / Startups
Dott and Tier plan joint entity forming European micromobility leader
By Linda Fox | January 10, 2024
Subject to several conditions, the transaction bringing together micromobility businesses Dott and Tier should be completed in early March. Read More
Travel tech isn’t cheap. Falling behind may be even costlier
News / Technology
Travel tech isn’t cheap. Falling behind may be even costlier
By Derek Catron | January 9, 2024
Given the growing importance and availability of data, experts say it’s more important than ever for travel companies to be current in their technology.   Read More
Phocuswright analysts share their travel industry predictions for 2024
News / Online
Phocuswright analysts share their travel industry predictions for 2024
By Morgan Hines | January 2, 2024
As Phocuswright analysts look ahead, they share a myriad of predictions for 2024 including some regarding business travel, pricing and much more. Read More
TrustedHousesitters valued at $100M after management buyout
News / Online
TrustedHousesitters valued at $100M after management buyout
By Linda Fox | December 21, 2023
Founded in 2010, the platform matches pet owners with verified sitters and opens up new travel destinations for sitters. Read More
Wall Street analysts share views on travel future and AI
News / Technology
Wall Street analysts share views on travel future and AI
By Derek Catron | December 20, 2023
Analysts from TD Cowen, B. Riley Securities, Evercore and BTIG share insights on travel’s future and the role of AI during a panel discussion at The Phocuswright Conference.   Read More
Tracking travel startup investment trends in 2023
News / Startups
Tracking travel startup investment trends in 2023
By Linda Fox | December 20, 2023
Many startups weathered 2023 and demonstrated if not actual profit, then at least a path to profitability, which helped them attract funding.   Read More
The most popular news stories on PhocusWire in 2023
News / Technology
The most popular news stories on PhocusWire in 2023
By PhocusWire | December 15, 2023
ChatGPT, the Hot 25 Travel Startups and news about major players like Expedia Group and Airbnb dominated the rankings.   Read More
Short-term rental companies Veeve, UnderTheDoormat Group merge
News / Online
Short-term rental companies Veeve, UnderTheDoormat Group merge
By Morgan Hines | December 14, 2023
As a combined entity, the group will serve as a full-service manager of “premium urban short lets” in Paris and London. Read More