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.

Myne adds €40M for vacation home co-ownership platform expansion
News / Startups
Myne adds €40M for vacation home co-ownership platform expansion
By Linda Fox | August 1, 2024
The equity and debt round was led by Limestone Capital with existing investors Motive Ventures and Scope Hanson also involved.... Read More
Sabre raises 2024 outlook as Q2 results exceed expectations
News / Online
Sabre raises 2024 outlook as Q2 results exceed expectations
By Mitra Sorrells | August 1, 2024
Sabre's Q2 revenue was $767 million, with about 90% of that attributed to its Travel Solutions business that includes distribution and IT services for suppliers and buyers.  ... Read More
The power of data and AI for effective distribution and digital marketing in hospitality
News / Distribution
The power of data and AI for effective distribution and digital marketing in hospitality
By Mitra Sorrells | August 1, 2024
Cloudbeds’ Sebastien Leitner and Mirai’s Javier Delgado discuss how technology can help hoteliers create a great experience for guests that keeps them coming back.    ... Read More
How fintech companies are progressing in the travel space
News / Online
How fintech companies are progressing in the travel space
By Linda Fox | August 1, 2024
Whether they believe they can remove friction and/or offer something better than existing travel companies, payment specialists and financial institutions are looking to increase their stake in the industry.... Read More
Guesty unveils AI-driven messaging tool for short-term rentals
News / Technology
Guesty unveils AI-driven messaging tool for short-term rentals
By D.J. Catron | July 31, 2024
“ReplyAI” uses generative AI algorithms to analyze guest and host correspondence to guide future responses.... Read More
Amadeus reports revenue and profit gains for Q2 2024
News / Distribution
Amadeus reports revenue and profit gains for Q2 2024
By Linda Fox | July 31, 2024
Amadeus reported double digit increases in group revenue, air IT and hospitality in the second quarter of 2024.... Read More
Trivago deepens partnership with Holisto while reporting Q2 losses
News / Online
Trivago deepens partnership with Holisto while reporting Q2 losses
By Morgan Hines | July 30, 2024
As Trivago announced its new investment, the company reported total revenue for Q2 amounted to €118.6 million, down 5% from €124.4 million during the same period last year. ... Read More
U.K. regulator to investigate Amex GBT acquisition of CWT more closely
News / Distribution
U.K. regulator to investigate Amex GBT acquisition of CWT more closely
By Linda Fox | July 30, 2024
The Competition and Markets Authority in the U.K. has expressed concern that the merger could impact quality of service, pricing and/or lead to reduced innovation for the business travel customers of large corporations.... Read More
Spanish regulators fine Booking.com €413M
News / Online
Spanish regulators fine Booking.com €413M
By Mitra Sorrells and Derek Catron | July 30, 2024
Spanish authorities said Booking.com has violated competition laws by having an "unfair imbalance" in its relationship with hotels in the country and it has prevented other OTAs from "entering the market or expanding."... Read More
Travel insurance startup Faye raises $31M in series B funding
News / Startups
Travel insurance startup Faye raises $31M in series B funding
By Mileva Sapic | July 30, 2024
The round was led by Portage, a global investment platform, along with contributions from Lumir Ventures, F2 Venture Capital, Viola Ventures and Munich Re Ventures.... Read More
Short-term rentals’ efforts give new lease on life for vacated offices
News / Distribution
Short-term rentals’ efforts give new lease on life for vacated offices
By D.J. Catron | July 30, 2024
Executives from Bob W and Nestor Stay spoke at Phocuswright Europe about growth opportunities for the sector and the potential to revitalize urban areas that are losing office workers.  ... Read More
SparkToro's Rand Fishkin on Google, zero-click content and why loyalty is the key to travel marketing
News / Online
SparkToro's Rand Fishkin on Google, zero-click content and why loyalty is the key to travel marketing
By Mitra Sorrells | July 30, 2024
Spurred by SparkToro's recent analysis of search behavior on Google in both the United States and Europe, PhocusWire talked to Fishkin about digital marketing trends and his advice for the travel industry.... Read More
The New Age(nts): The Phocuswright Conference 2024
News / Online
The New Age(nts): The Phocuswright Conference 2024
By Phocuswright | July 29, 2024
Travel distribution is being totally upended, as new players and paradigms exert their influence, and the tussle for control over content, the customer and their allegiance reaches a new level of intensity. ... Read More
Airline alliances redouble efforts to make multicarrier itineraries seamless
News / Distribution
Airline alliances redouble efforts to make multicarrier itineraries seamless
By Robert Silk - Travel Weekly | July 29, 2024
As the three major alliances have reached something close to global coverage, using technology to facilitate seamless, multicarrier journeys has become a priority.... Read More
Travel investors on the next innovation wave
News / Startups
Travel investors on the next innovation wave
By Linda Fox | July 29, 2024
Travel investors from Lakestar, Roch Ventures and Eight Roads discuss the latest trends in travel startup funding at Phocuswright Europe 2024.... Read More
The Phocuswright Conference 2026