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.

Earnings roundup: TUI Group, TBO Tek, Yatra, Mondee
News / Online
Earnings roundup: TUI Group, TBO Tek, Yatra, Mondee
By Mitra Sorrells | August 15, 2024
As publicly traded travel companies continue to report their earnings quarter that ended June 30, we round up the latest reports.... Read More
Short-term rentals feeling pinch of overtourism backlash
News / Online
Short-term rentals feeling pinch of overtourism backlash
By D.J. Catron | August 15, 2024
While strict new regulations in New York, Barcelona and others pose threats, the STR industry sees hope in more balanced approaches in Valencia and the European Union.  ... Read More
Keeping the "Human in the Loop" in travel
Opinion / Online
Keeping the "Human in the Loop" in travel
By Klaus Kohlmayr - IDeaS | August 14, 2024
Chief evangelist and development officer at IDeaS, Klaus Kohlmayr, shares his thoughts on AI and its impact on humans.... Read More
India-based all-electric Fresh Bus raises $10.5M for expansion
News / Startups
India-based all-electric Fresh Bus raises $10.5M for expansion
By Mitra Sorrells | August 13, 2024
Founded in 2023, Fresh Bus operates on intercity routes in India along with a digital-first customer experience that offers real-time bus tracking and a loyalty program.... Read More
Inspirato receives $10M, makes employee cuts, names new CEO
News / Online
Inspirato receives $10M, makes employee cuts, names new CEO
By Morgan Hines | August 13, 2024
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
HomeToGo reports Q2 booking revenues high
News / Technology
HomeToGo reports Q2 booking revenues high
By Linda Fox | August 13, 2024
The vacation rental marketplace and software subscription business believes its short breaks offering and recurring revenues are helping growth.... Read More
OYO raises $174 million in Series G funding
News / Startups
OYO raises $174 million in Series G funding
By Linda Fox | August 13, 2024
The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth.... Read More
Wizz Air partners with Caravelo on all-you-can-fly subscription
News / Online
Wizz Air partners with Caravelo on all-you-can-fly subscription
By D.J. Catron | August 13, 2024
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
Airlines must protect their customers from cyber fraud - or face new consequences
Opinion / Online
Airlines must protect their customers from cyber fraud - or face new consequences
By Israel Mazin - Memcyco | August 13, 2024
Memcyco CEO Israel Mazin shares the importance of cyber fraud awareness to avoid consequences.... Read More
Priorities, challenges and next steps for Lufthansa Innovation Hub
News / Technology
Priorities, challenges and next steps for Lufthansa Innovation Hub
By Linda Fox | August 13, 2024
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
AA's former commercial chief Vasu Raja sees a simpler future for airline retailing
News / Distribution
AA's former commercial chief Vasu Raja sees a simpler future for airline retailing
By Linda Fox | August 12, 2024
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
Events and tickets platform Coras raises €1.3M
News / Startups
Events and tickets platform Coras raises €1.3M
By D.J. Catron | August 12, 2024
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
Q&A: Travelport's Greg Webb talks future of NDC, IT outage, more
News / Online
Q&A: Travelport's Greg Webb talks future of NDC, IT outage, more
By Morgan Hines | August 12, 2024
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
Berlin-based YGO Trips receives €2.5M in funding
News / Startups
Berlin-based YGO Trips receives €2.5M in funding
By Morgan Hines | August 9, 2024
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
Vacasa secures $30M in funding, business transformation ongoing
News / Distribution
Vacasa secures $30M in funding, business transformation ongoing
By Linda Fox | August 9, 2024
Vacation rental management company Vacasa announced a business transformation in May and has now secured financing of $30 million.... Read More
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