Latest News

Latest News

Stay up to date with the latest travel technology news, startup updates, and industry developments from across the global travel ecosystem.

VIDEO: Maintaining trust in shopping and booking travel
News / Technology
VIDEO: Maintaining trust in shopping and booking travel
By PhocusWire | August 9, 2021
Travel companies have a golden opportunity to rebuild confidence by building trust in their payment processes.... Read More
Voi adds $45M investment for e-scooter expansion and tech development
News / Startups
Voi adds $45M investment for e-scooter expansion and tech development
By Linda Fox | August 9, 2021
E-scooter company Voi initially announced its Series C round of $160 million in December 2020.... Read More
azul-lilium-partnership
News / Technology
Brazil’s Azul makes move into electric air taxis
By Mitra Sorrells | August 6, 2021
Azul and German startup Lilium will build an eVTOL network in Brazil, with Azul operating 220 of the electric aircraft. ... Read More
Sounding Off: Travel brands walk a tightrope over vaccines
Interview / Online
Sounding Off: Travel brands walk a tightrope over vaccines
By PhocusWire | August 6, 2021
The sector will not recover at the speed it wants if its brands fail to follow the science and unless they do their part to urge people to take up the offer of vaccinations.... Read More
VIDEO: The Big Picture for travel payments
News / Technology
VIDEO: The Big Picture for travel payments
By PhocusWire | August 6, 2021
In some respects the payments element of the travel, tourism and hospitality sector operates regardless of the number of travelers. Think again.... Read More
expedia-group-q2-2021
News / Online
Expedia Group Q2 revenue tops $2B driven by U.S. hotel and vacation rental bookings
By Mitra Sorrells | August 5, 2021
Expedia Group CEO Peter Kern expressed concern about growing uncertainty due to newer COVID variants.... Read More
Lastminute.com Group points to strong travel rebound as financials improve
News / Online
Lastminute.com Group points to strong travel rebound as financials improve
By Kevin May | August 5, 2021
The jump of 213% year-over-year points to a strong rebound for the business, especially in June when income was in line with pre-COVID levels despite lower booking volumes.... Read More
Tripadvisor hits $235M revenue, beats internal expectations
News / Online
Tripadvisor hits $235M revenue, beats internal expectations
By Kevin May | August 5, 2021
The user review and travel search service posted total revenue across the business of $235 million, up by almost 300% from just $59 million in the corresponding quarter in 2020.... Read More
frontdesk-7m-funding
News / Startups
Urban short-term rental company Frontdesk raises $7M
By Mitra Sorrells | August 5, 2021
Frontdesk plans to continue its aggressive growth plan, with an aim to double its portfolio before the end of this year and turn profitable in 2022.... Read More
booking-holdings-q2-2021
News / Distribution
Booking Holdings hits $22B in bookings as latest quarter rides recovery
By Mitra Sorrells | August 5, 2021
Room nights booked in the second quarter were 157 million, up from 99 million in the Q1 of this year and a 458% increase from Q2 2020.  ... Read More
Ixigo acquires Abhibus, boosts presence beyond India's major cities
News / Online
Ixigo acquires Abhibus, boosts presence beyond India's major cities
By Linda Fox | August 5, 2021
The purchase price for the Hyderabad-based company has not been disclosed, except to say that it’s being sold for a mixture of cash and Ixigo stock.... Read More
Uber basks in early recovery momentum with $4B quarterly revenues
News / Online
Uber basks in early recovery momentum with $4B quarterly revenues
By Kevin May | August 5, 2021
The turnaround in the U.S.-based company's fortunes comes after a dismal 2020 when its ride-hailing division collapsed under the weight of global lockdowns and travel restrictions for prolonged periods of the year.... Read More
russia-travel-recovery
News / Online
Russia's online travel primed as investment arrives
By Linda Fox | August 4, 2021
The country's travel industry had been experiencing strong growth in the years running up to 2020 and online travel sales were steadily growing.... Read More
phocuswire-pulse-xanderpay
News / Online
VIDEO: Time to revamp payments in hospitality
By PhocusWire | August 4, 2021
XanderPay CEO Mike Carlo discusses the problems and inefficiencies plaguing the hospitality industry when it comes to payments and offers suggestions for innovations.... Read More
Booking.com launches Flash Deals for hotels
News / Distribution
Booking.com launches Flash Deals for hotels
By Kevin May | August 4, 2021
The discounts will take place every two weeks and on fixed days, lasting for just 36 hours. Over that time period, customers will get up to 30% off a selected room and rate.... Read More
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