Investments

Meet the 15 semifinalists of the Global Startup Pitch
News / Startups
Meet the 15 semifinalists of the Global Startup Pitch
By Yeoh Siew Hoon – Web In Travel | May 25, 2023
After a marathon of startup pitches that went around the world, 15 companies have been chosen as semifinalists in the Global Startup Pitch run by Web In Travel and Phocuswright.   Read More
Zuzu Hospitality checks in with $9M in funding
News / Technology
Zuzu Hospitality checks in with $9M in funding
By Linda Fox | May 25, 2023
The round for the Singapore-based company was led by SoftBank Ventures Asia with Atinum Partners and existing investors Wooshin Venture Investment, Visor Ventures and JG Digital Equity Ventures also... Read More
JPMorgan Chase using travel playbook to build lifestyle product
News / Online
JPMorgan Chase using travel playbook to build lifestyle product
By Linda Fox | May 24, 2023
The bank, which launched ChaseTravel.com last year, said travel sales volume was about $8 billion in 2022 and estimated it will be $10 billion this year. Read More
India-based bus platform Chalo raises $57M
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
Travel insurance startup Faye raises $10M
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
Rise in mishandled baggage spotlights need for automation, study finds
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
Hotel Manager lands £2.2M to grow team, enhance platform
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
Travel tech founders consider effects of bank failures
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
Blackstone to sell interest in travel tech’s IBS Software
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
Mondee acquires Consolid and Interep to strengthen position in Latin America
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
Connected trip company Worldia raises €25M for global expansion
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
Hugo Burge, online travel pioneer and startup investor, dies at 51
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
Expedia Group launches OneKeyCash for partners
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
Expedia Group adds Mastercard to growing B2B lineup
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
New Expedia tech extends debate on attribute-based selling
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