Investments

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. Read More

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. Read More

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. Read More

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.” Read More

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. Read More

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. Read More

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. Read More

News / Startups

Connected trip company Worldia raises €25M for global expansion

By Kathryn Walson | May 15, 2023

The Paris-based company plans to make its packaging technology available to travel distributors across Europe and North America and to hire people in research and development. Read More

News / Online

Hugo Burge, online travel pioneer and startup investor, dies at 51

By Linda Fox | May 12, 2023

Tributes are flooding in for online travel pioneer Hugo Burge, who died on Wednesday at age 51. Read More

News / Online

Expedia Group launches OneKeyCash for partners

By Kathryn Walson | May 12, 2023

The new rewards currency is intended to target the 83% of consumers who travel too infrequently to earn status or meaningful rewards. Read More

News / Online

Expedia Group adds Mastercard to growing B2B lineup

By Kathryn Walson | May 9, 2023

Financial institutions that issue Mastercard-brand credit cards can enable their cardholders to redeem credit card loyalty points for travel bookings made through Expedia. Read More

News / Technology

New Expedia tech extends debate on attribute-based selling

By Kathryn Walson | May 8, 2023

For now, Expedia Group’s system does not enable customization of room attributes, such as location, floor or view. Read More

News / Online

MadeComfy scores $10 million for expansion and tech development

By Linda Fox | May 5, 2023

Investment in the Australia-based company was led by Commencer Capital with MC Fiduciary, BridgeLane Capital and private investors also participating. Read More

News / Startups

Short-term rental startups, investors talk market growth

By Linda Fox | May 5, 2023

Funding is becoming harder to come by but some are breaking through with ongoing investor appetite in the vacation rental market. Read More

News / Online

Expedia Group embraces AI, banks on loyalty program

By Kathryn Walson | May 4, 2023

Expedia Group continues to invest in its strategy of acquiring and retaining “high-value loyalty members and app users” across its three leading brands, CEO Peter Kern said. Read More

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