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.

IHG reports $138M profit, plans luxury and lifestyle brand
News / Distribution
IHG reports $138M profit, plans luxury and lifestyle brand
By Linda Fox | August 10, 2021
IHG reports gradual improvement, especially in the U.S. and China with groups, meetings and events beginning to book.... Read More
Airlines continue startup investment despite industry woes
News / Startups
Airlines continue startup investment despite industry woes
By Linda Fox | August 10, 2021
Corporate appetite for travel startup investment is strong as IAG launches its sixth accelerator and JetBlue doubles down on its commitment to the model.... Read More
STARTUP STAGE: Buoy helps vacation rentals maximize revenue through data
Interview / Startups
STARTUP STAGE: Buoy helps vacation rentals maximize revenue through data
By Linda Fox | August 10, 2021
Buoy uses an in-house developed buoyancy point algorithm and dashboard enabling vacation rental owners and managers to make data-informed decisions on pricing.... Read More
wheel-the-world-2m-funding
News / Startups
Accessible travel OTA Wheel the World raises $2M
By Mitra Sorrells | August 10, 2021
Founded in 2018, Wheel the World’s site offers accommodations, things to do and trips in more than 50 destinations worldwide.... Read More
karshare-funding
News / Startups
European car-sharing platform Karshare raises £3M for expansion
By Mitra Sorrells | August 9, 2021
Karshare says its revenue has increased 45% month-to-month across Bristol, Manchester, Coventry and London since the start of this year and now it will expand to new cities in the U.K.... Read More
How Booking.com gained market share while we were in lockdown
Opinion / Online
How Booking.com gained market share while we were in lockdown
By Marta Romero - Mirai | August 9, 2021
Given the current situation, where many channels are still not appearing and we don’t know if they will be activated this season, Booking.com has become the basket where most of a hotel's distribution eggs are stored. ... Read More
VIDEO: Maintaining trust in shopping and booking travel
News / Technology
VIDEO: Maintaining trust in shopping and booking travel
By PhocusWire | August 9, 2021
Travel companies have a golden opportunity to rebuild confidence by building trust in their payment processes.... Read More
Voi adds $45M investment for e-scooter expansion and tech development
News / Startups
Voi adds $45M investment for e-scooter expansion and tech development
By Linda Fox | August 9, 2021
E-scooter company Voi initially announced its Series C round of $160 million in December 2020.... Read More
azul-lilium-partnership
News / Technology
Brazil’s Azul makes move into electric air taxis
By Mitra Sorrells | August 6, 2021
Azul and German startup Lilium will build an eVTOL network in Brazil, with Azul operating 220 of the electric aircraft. ... Read More
Sounding Off: Travel brands walk a tightrope over vaccines
Interview / Online
Sounding Off: Travel brands walk a tightrope over vaccines
By PhocusWire | August 6, 2021
The sector will not recover at the speed it wants if its brands fail to follow the science and unless they do their part to urge people to take up the offer of vaccinations.... Read More
VIDEO: The Big Picture for travel payments
News / Technology
VIDEO: The Big Picture for travel payments
By PhocusWire | August 6, 2021
In some respects the payments element of the travel, tourism and hospitality sector operates regardless of the number of travelers. Think again.... Read More
expedia-group-q2-2021
News / Online
Expedia Group Q2 revenue tops $2B driven by U.S. hotel and vacation rental bookings
By Mitra Sorrells | August 5, 2021
Expedia Group CEO Peter Kern expressed concern about growing uncertainty due to newer COVID variants.... Read More
Lastminute.com Group points to strong travel rebound as financials improve
News / Online
Lastminute.com Group points to strong travel rebound as financials improve
By Kevin May | August 5, 2021
The jump of 213% year-over-year points to a strong rebound for the business, especially in June when income was in line with pre-COVID levels despite lower booking volumes.... Read More
Tripadvisor hits $235M revenue, beats internal expectations
News / Online
Tripadvisor hits $235M revenue, beats internal expectations
By Kevin May | August 5, 2021
The user review and travel search service posted total revenue across the business of $235 million, up by almost 300% from just $59 million in the corresponding quarter in 2020.... Read More
frontdesk-7m-funding
News / Startups
Urban short-term rental company Frontdesk raises $7M
By Mitra Sorrells | August 5, 2021
Frontdesk plans to continue its aggressive growth plan, with an aim to double its portfolio before the end of this year and turn profitable in 2022.... Read More
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