Investments

News / Technology

Cornerstone teams with Traxo on better business travel data

By Derek Catron | August 11, 2023

Cornerstone Information Systems plans to integrate Traxo’s out-of-channel travel bookings into its data and automation products. Read More

News / Online

Could high-end RV parks be the next hot category for lodging?

By Derek Catron | August 10, 2023

A Texas developer is investing $700 million – with more money in the pipeline – to create a new brand of amenity-rich RV parks suitable for year-round use. Read More

News / Online

Outdoorsy offers financial support to encourage “glamping entrepreneurs”

By Mitra Sorrells | August 9, 2023

In the last year Outdoorsy has expanded beyond RVs to acquire two campgrounds and to offer other accommodations such as tents, cabins and tiny homes. Read More

News / Online

Inspirato gets $25M injection from Capital One Ventures

By Linda Fox | August 9, 2023

Luxury travel subscription service Inspirato was launched in 2011 and went public via special purpose acquisition company in early 2022. Read More

News / Startups

Derive Ventures on small checks and strategic partnerships

By Linda Fox | August 8, 2023

With a fund of about $30 million, San Francisco-based Derive Ventures is looking to invest in travel startups at seed and Series A stage. Read More

News / Startups

18 startups to compete in Global Startup Pitch semifinals

By PhocusWire | August 7, 2023

The semifinals of the Global Startup Pitch, organized by WiT and Phocuswright, will be held on August 24 with a total of 18 startups, including three in a new "Wildcard 2" category. Read More

News / Startups

Casai ceases operations, founder shares 4 regrets

By Mitra Sorrells | August 1, 2023

After raising more than $50 million since its launch in 2019, Latin America-based hospitality startup Casai has closed down, prompting co-founder Nico Barawid to share some candid reflections. Read More

News / Online

Corporate travel platform secures €10M for expansion

By Derek Catron | July 24, 2023

The investment, led by illimity, allows Italy-based BizAway to finalize new acquisitions and invest in new research and development. Read More

News / Startups

Lilium avoids delisting with $192M injection

By Linda Fox | July 18, 2023

EVTOL company Lilium hopes to achieve its first manned flight in the second half of 2024. Read More

News / Startups

Travel investors on trip planning and using B2C as a sandbox

By Linda Fox | July 12, 2023

Rod Cuthbert, travel industry veteran best known for founding Viator, joins Bobby Demri, founder and managing director of Roch Ventures, to talk travel investment trends in the PhocusWire Studio at... Read More

News / Startups

Startup for reselling non-refundable tickets raises $3M

By Derek Catron | July 12, 2023

Fairlyne, a PhocusWire Hot 25 Travel Startup for 2023, offers the technology to allow travel companies to add resales to their distribution. Read More

News / Startups

With acquisition, South Korea’s ONDA can manage all types of properties

By Derek Catron | July 10, 2023

The company’s moves included forming a subsidiary, OATech, after acquiring the hotel property management system business unit of Oasis Story, a Korean-based B2B solutions provider. Read More

News / Startups

HyperGuest raises $23M to enhance hospitality tech platform

By Derek Catron | July 7, 2023

HyperGuest's platform enables hotels and suppliers to directly connect with travel distributors, including online travel agencies, agents groups, tour operators, travel management companies, bedbanks... Read More