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.

Airlines edge out hotels as largest segment in U.S.
News / Online
Airlines edge out hotels as largest segment in U.S.
By Phocuswright Research | May 13, 2024
Direct distribution channels dominate airline sales, as suppliers embrace technological developments aimed to streamline the booking process and travel experience.... Read More
Steve Hafner on 20 years at Kayak: "The innovation isn't over yet"
News / Online
Steve Hafner on 20 years at Kayak: "The innovation isn't over yet"
By D.J. Catron | May 11, 2024
As the metasearch site passes 20 years since its launch, CEO Steve Hafner shares his views on generative AI, Kayak for Business, the future of metasearch and more.  ... Read More
Pango acquires mobility platform and ride-hailing app Gett
News / Online
Pango acquires mobility platform and ride-hailing app Gett
By Morgan Hines | May 10, 2024
Founded in 2010 in Israel, Gett is now headquartered in London and provides ground transportation for large corporations.... Read More
Earnings roundup: Amex GBT, Uber and Lyft
News / Online
Earnings roundup: Amex GBT, Uber and Lyft
By Mitra Sorrells | May 9, 2024
As publicly traded travel companies continue to report their earnings for the first quarter of this year, we round up the latest reports.... Read More
Katanox secures license to offer regulated payment services
News / Startups
Katanox secures license to offer regulated payment services
By D.J. Catron | May 9, 2024
The company can now offer hotels and accommodation buyers bookings via direct bank payouts as an alternative to virtual credit cards.  ... Read More
Vacasa announces layoffs to 13% of workforce
News / Distribution
Vacasa announces layoffs to 13% of workforce
By D.J. Catron | May 9, 2024
 The vacation rental management company laid off 13% of its workforce as it seeks to reorganize operations following a Q1 that saw gross booking value drop 18% year over year. ... Read More
Airbnb's Chesky says homes will be just one of “many categories” in its future “solar system”
News / Online
Airbnb's Chesky says homes will be just one of “many categories” in its future “solar system”
By Mitra Sorrells | May 8, 2024
Along with details about longer term growth plans, Airbnb CEO Brian Chesky shared details of the company's Q1 growth, including a 60% increase year over year in app downloads in the United States.... Read More
Australian-based Hometime raises $6.6M to bolster STR growth
News / Startups
Australian-based Hometime raises $6.6M to bolster STR growth
By Morgan Hines | May 8, 2024
The new funding is meant to bolster Hometime’s goal to professionalize the STR industry, to grow its brand and to enter new markets.... Read More
Naya Homes nabs $3M for vacation rental expansion in Mexico
News / Startups
Naya Homes nabs $3M for vacation rental expansion in Mexico
By Linda Fox | May 8, 2024
Naya has raised $9.2 million to date, and these latest funds will go toward expanding the company into 10 new markets in Mexico.... Read More
Wego creates new bedbank focused on Middle East hotels
News / Distribution
Wego creates new bedbank focused on Middle East hotels
By Mitra Sorrells | May 8, 2024
WegoBeds will distribute hotel inventory from throughout the Middle East to travel agencies around the world as well as providing supply for Wego's OTA and corporate travel business.... Read More
Tripadvisor is not for sale - at least not for now
News / Online
Tripadvisor is not for sale - at least not for now
By Morgan Hines | May 8, 2024
Tripadvisor announced it is not selling amid first quarter earnings results that included revenue of $395 million, reflecting year-over-year growth of 6%.... Read More
Expensify to launch travel platform
News / Online
Expensify to launch travel platform
By Morgan Hines | May 8, 2024
Expensify Travel will exist as part of a partnership between Expensify and Spotnana and has been built on Spotnana’s travel-as-a-service platform.... Read More
Amadeus reports "solid start" to 2024
News / Distribution
Amadeus reports "solid start" to 2024
By Linda Fox | May 8, 2024
Group revenue for the Madrid-based business rose to €1.5 billion, a 14% increase versus the same quarter in 2023.... Read More
Wayve raises more than $1B in Series C
News / Technology
Wayve raises more than $1B in Series C
By Morgan Hines | May 7, 2024
The AI-powered autonomous driving company plans to use the new funding to bolster its goal of reimagining autonomos mobility through embodied intelligence.... Read More
CEO Spotlight - Kurt Ekert of Sabre
Interview / Distribution
CEO Spotlight - Kurt Ekert of Sabre
By Linda Fox | May 7, 2024
Kurt Ekert joined Sabre as president in January 2022 and became CEO in April 2023. Prior to that he had most recently been president and CEO of CWT and chief commercial officer at Travelport.... Read More
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