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.

Uber hits record $6.9B revenue for a financial quarter
News / Online
Uber hits record $6.9B revenue for a financial quarter
By Kevin May | May 4, 2022
The delivery arm business attracted almost $14 billion in gross bookings year on year in Q1, with mobility at $10.7 billion (up 58% year over year).... Read More
Sensible Weather warms up with $12M round, plots expansion of travel guarantee tools
News / Technology
Sensible Weather warms up with $12M round, plots expansion of travel guarantee tools
By Kevin May | May 4, 2022
The Series A is being led by Infinity Ventures, with participation from Certares Ventures and previous backers Wonder Ventures and Group1001.... Read More
innkey-yanolja-pms
News / Technology
InnKey looks beyond PMS tech following Yanolja investment
By Linda Fox | May 4, 2022
India-based InnKey will use the funds to expand its business.... Read More
lyft-q1-2022
News / Online
Lyft Q1 profit of $55M exceeds outlook by $40M
By Mitra Sorrells | May 3, 2022
Lyft achieved adjusted EBITDA of $55 million and revenue of $876 million in the first quarter of this year.... Read More
One in five Airbnb stays over 28 days, revenue hits $1.5B for Q1 2022
News / Online
One in five Airbnb stays over 28 days, revenue hits $1.5B for Q1 2022
By Kevin May | May 3, 2022
The U.S.-based home-sharing and alternative accommodation giant saw revenue increase by 70% year-over-year and 80% higher than corresponding quarter in 2019 ($839 million).... Read More
sabre-q1-2022
News / Distribution
Sabre reports revenue gains across all business units
By Linda Fox | May 3, 2022
Sabre's revenue across distribution, hospitality solutions and travel solutions were boosted by industry recovery.... Read More
In The Big Chair - Jim Davidson of Accelya
Interview / Distribution
In The Big Chair - Jim Davidson of Accelya
By Jill Menze | May 3, 2022
Jim Davidson was named CEO of Accelya in March 2022, following the sale of his company Farelogix to the airline technology provider in 2020.... Read More
trivago-q1-2022
News / Online
Trivago reports Q1 profit of €21M but excludes recent €30M fine
By Mitra Sorrells | May 2, 2022
On April 22, the Australian Federal Court ordered Trivago to pay a €30.2 million penalty for making misleading claims about hotel room rates online and in television advertising.... Read More
Expedia Group revenue jumps 81% as travel recovery continues
News / Online
Expedia Group revenue jumps 81% as travel recovery continues
By Jill Menze | May 2, 2022
For the first quarter of 2022, Expedia Group revenue was $2.2 billion, an 81% increase from $1.2 billion in Q1 2021.... Read More
Google enhances trip-planning tools as travel searches boom
News / Online
Google enhances trip-planning tools as travel searches boom
By Mitra Sorrells | May 2, 2022
Google is launching new tools related to flight and hotel searches and general trip planning.  ... Read More
Remember Bing? A different option for hotels to Google
Opinion / Distribution
Remember Bing? A different option for hotels to Google
By Paola Romero - Mirai | May 2, 2022
Bing offers another shopping window where a hotel can be seen by many users who are not on Google and who now end up with the OTAs, because they are the only ones bidding on a hotel.... Read More
alight-travel
News / Startups
New hotel booking platform lets guests offset carbon emissions at checkout
By Jill Menze | May 2, 2022
Travel startup Wayaj has launched a new hotel booking engine called Alight.travel that lets travelers book sustainable hotels and calculate and offset their carbon emissions at checkout.... Read More
movable-ink-funding
News / Technology
Movable Ink bags $55M for personalization tech push
By Linda Fox | May 2, 2022
Movable Ink works with a number of travel companies on content personalization including Delta Air Lines, MGM Resorts, Princess Cruises and Uber.... Read More
NUMA strikes deal to manage and operate €500M hotel portfolio
News / Startups
NUMA strikes deal to manage and operate €500M hotel portfolio
By Mitra Sorrells | May 2, 2022
NUMA Group has entered into a strategic partnership with LaSalle Investment Management to create a portfolio of properties in major cities around Western Europe.... Read More
travel-stocks-visualization-q4-2021
News / Online
WATCH: Digital travel brands ended 2021 with cautious optimism
By PhocusWire | April 29, 2022
The Omicron variant of COVID-19, which emerged in late 2021, illustrated how the travel, tourism and hospitality industry will likely remain at the mercy of the pandemic for some time.... Read More
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