The luxury travel subscription company received $10 million in equity financing, cut its workforce by 15% and named Payam Zamani as its new chairman and CEO. ... Read More

The vacation rental marketplace and software subscription business believes its short breaks offering and recurring revenues are helping growth.... Read More

The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth.... Read More

Subscribers who pay a single annual payment up front can fly as much as they want during the next 12 months as long as they book within 72 hours before departure.  ... Read More

Memcyco CEO Israel Mazin shares the importance of cyber fraud awareness to avoid consequences.... Read More

Travel startups including Squake, Navit, Swifty and Uptrip have come out of the Lufthansa Innovation Hub. Now, at 10 years old, the corporate venture unit is looking at how it scales further, does more with data and generally accelerates innovation within Lufthansa Group.... Read More

American Airlines former CCO Vasu Raja discussed his views on the internet as a sales and distribution channel as well as future innovation in airline distribution with Cory Garner, a former sales and distribution executive for the carrier.... Read More

The funding was led by DataOp and will also help Dublin-based Coras roll out Fida, a web loyalty platform that facilitates tokenized commerce so customers can spend their loyalty points across multiple brand partners.... Read More

At the Global Business Travel Association conference in Atlanta late last month, Greg Webb sat down with PhocusWire for a wide-ranging interview on the travel industry, Travelport and more.... Read More

The company, founded in January 2023, focuses on an all-in-one approach to customizable travel booking with fair prices made possible by AI solutions.... Read More

Vacation rental management company Vacasa announced a business transformation in May and has now secured financing of $30 million.... Read More

 Keep up with all the latest people, product and partner news from around the global travel industry in PhocusWire's weekly roundup.... Read More

The funding will be used to speed FLYR’s delivery of modern reservation systems, to allow AI-based decision automation and to elevate digital channels for airlines and hospitality brands.... Read More

New CEO Ariane Gorin oversaw 6% increases year over year in gross bookings and revenue in Q2, but a slow July has the company expecting those numbers to fall between 3-5% for Q3.... Read More

Holiday Inn-parent IHG shares progress on its investments in technology and loyalty, including the implementation of a new revenue management system and property management system.... Read More