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.

Digital identity solution Airside gets strategic investment from Amadeus Ventures
News / Technology
Digital identity solution Airside gets strategic investment from Amadeus Ventures
By Steven Lerner | March 5, 2020
For its first investment of 2020, Amadeus Ventures is backing mobile identity solution Airside for an undisclosed amount.... Read More
U.K. startup Five raises $41M to build out self-driving technology
News / Technology
U.K. startup Five raises $41M to build out self-driving technology
By Jill Menze | March 5, 2020
The Series B round brings the self-driving technology company's total funding to $77 million.... Read More
Hostelworld 2019 earnings
News / Online
Hostelworld suffers 9% EBITDA decline in 2019, expects loss due to coronavirus
By Steven Lerner | March 4, 2020
Hostelworld Group reports a 9% decrease in EBITDA to €20.5 million for the full-year in 2019 and estimates an EBITDA loss of €3 million to €4 million in the first quarter of 2020 due to the COVID-19 coronavirus.  ... Read More
VIDEO: American Express GBT on rogue spend, digital experience and content fragmentation
News / Online
VIDEO: American Express GBT on rogue spend, digital experience and content fragmentation
By Linda Fox | March 4, 2020
American Express GBT's Evan Konwiser, executive vice president of product and strategies, joins us in the PhocusWire Studio at Travel Technology Europe 2020.... Read More
oaky funding
News / Technology
Hospitality startup Oaky raises $9.5M to develop upsell technology
By Steven Lerner | March 4, 2020
Hotel upsell platform Oaky is embarking on its next phase of growth and development following its biggest capital raise to date.... Read More
COVID-19 and the global hotel industry: A roadmap to recovery, part 2
Opinion / Distribution
COVID-19 and the global hotel industry: A roadmap to recovery, part 2
By Yuki Hu, Eva Liu & George Yu - IDeaS | March 4, 2020
Although hotels can’t press the “restart” button on 2020, they can launch into “repair” mode now, despite being forced to a standstill by the big pause button that is COVID-19.... Read More
travelperk-greenperk
News / Online
TravelPerk launches carbon impact reporting and offsetting
By Mitra Sorrells | March 4, 2020
TravelPerk is launching GreenPerk, a solution that allows business travelers to offset their entire travel-related CO2 footprint directly in the platform.   ... Read More
Waymo funding
News / Technology
Alphabet’s autonomous vehicle unit Waymo rides off with $2.25B investment
By Steven Lerner | March 4, 2020
Waymo, the autonomous vehicle subsidiary of Google’s parent Alphabet Inc., is welcoming its first external investment in its 11-year existence.... Read More
The PhocusWire PundIT Show #21
News / Technology
The PhocusWire PundIT Show #21
By PhocusWire | March 3, 2020
Our guests cover trends such as startups, fancy (or folly) new technologies, challenges around technology and distribution in the industry, plus a lot more.... Read More
Lanes & Planes lands $10M to expand customer base, develop corporate travel tech
News / Startups
Lanes & Planes lands $10M to expand customer base, develop corporate travel tech
By Linda Fox | March 3, 2020
The round was led by Battery Ventures, with DN Capital and Connect Ventures, an existing investor, also participating.... Read More
As travel giants circle, understanding the economics in tours and activities is vital
Opinion / Distribution
As travel giants circle, understanding the economics in tours and activities is vital
By Olan O'Sullivan - TrekkSoft | March 3, 2020
In the past 24 months, the tours and activities sector has moved from, to borrow a Cinderella analogy, the cinders to the palace, where its untapped potential has moved into the sights of major travel retailers and investors.... Read More
Goodbooker-startup-stage
Interview / Startups
STARTUP STAGE: GoodBooker wants to end homelessness with every hotel booked
By Steven Lerner | March 3, 2020
For every hotel room booked on its platform, GoodBooker gives funding to leading homeless charities that offer shelter for those who need it.... Read More
Travelzoo-earnings-2019
News / Online
Travelzoo posts declining operating profit in Q4, pins hope on acquisition of Jack’s Flight Club
By Steven Lerner | March 2, 2020
Travelzoo reported a decrease in operating profit to $818,000 in the fourth quarter of 2019 from $2.8 million in the prior-year period.... Read More
Corporate travel industry could see $47B per month hit from coronavirus
News / Distribution
Corporate travel industry could see $47B per month hit from coronavirus
By Linda Fox | March 2, 2020
In a GBTA survey, two thirds of companies have cancelled a “few” meetings or events while 18% say they have cancelled “many” and 25% have cancelled “some.”... Read More
iomob-interview-pic
Interview / Startups
VIDEO: Iomob - Battleground winner interview Travel Technology Europe 2020
By PhocusWire | March 2, 2020
Iomob has built an enterprise grade Mobility as a Service (MaaS) platform for major travel and transportation clients.... Read More