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.

booking-holdings-q2-2021
News / Distribution
Booking Holdings hits $22B in bookings as latest quarter rides recovery
By Mitra Sorrells | August 5, 2021
Room nights booked in the second quarter were 157 million, up from 99 million in the Q1 of this year and a 458% increase from Q2 2020.  ... Read More
Ixigo acquires Abhibus, boosts presence beyond India's major cities
News / Online
Ixigo acquires Abhibus, boosts presence beyond India's major cities
By Linda Fox | August 5, 2021
The purchase price for the Hyderabad-based company has not been disclosed, except to say that it’s being sold for a mixture of cash and Ixigo stock.... Read More
Uber basks in early recovery momentum with $4B quarterly revenues
News / Online
Uber basks in early recovery momentum with $4B quarterly revenues
By Kevin May | August 5, 2021
The turnaround in the U.S.-based company's fortunes comes after a dismal 2020 when its ride-hailing division collapsed under the weight of global lockdowns and travel restrictions for prolonged periods of the year.... Read More
russia-travel-recovery
News / Online
Russia's online travel primed as investment arrives
By Linda Fox | August 4, 2021
The country's travel industry had been experiencing strong growth in the years running up to 2020 and online travel sales were steadily growing.... Read More
phocuswire-pulse-xanderpay
News / Online
VIDEO: Time to revamp payments in hospitality
By PhocusWire | August 4, 2021
XanderPay CEO Mike Carlo discusses the problems and inefficiencies plaguing the hospitality industry when it comes to payments and offers suggestions for innovations.... Read More
Booking.com launches Flash Deals for hotels
News / Distribution
Booking.com launches Flash Deals for hotels
By Kevin May | August 4, 2021
The discounts will take place every two weeks and on fixed days, lasting for just 36 hours. Over that time period, customers will get up to 30% off a selected room and rate.... Read More
Lyft achieves adjusted EBITDA profitability for first time
News / Online
Lyft achieves adjusted EBITDA profitability for first time
By Mitra Sorrells | August 4, 2021
The ride-hailing company's Q2 revenue figure is an increase of 26% compared to the first quarter of this year when revenue was $609 million.... Read More
VIDEO: Easing the burden of paying for travel
News / Technology
VIDEO: Easing the burden of paying for travel
By PhocusWire | August 4, 2021
What is the appeal of buy-now-pay-later for brands? What segments of the industry is it more popular than others? And what effect does it have on the business models of exissting brands?... Read More
STARTUP STAGE: TravelRank guides travelers to new destinations via AI
Interview / Startups
STARTUP STAGE: TravelRank guides travelers to new destinations via AI
By Linda Fox | August 4, 2021
TravelRank's AI analyzes the user's travel history and compares it to data of similar travelers and similar unvisited destinations.... Read More
Sabre revenues less than half of 2019 levels despite some travel resuming
News / Distribution
Sabre revenues less than half of 2019 levels despite some travel resuming
By Kevin May | August 3, 2021
Revenues in the second quarter of 2019 were $1 billion, compared to $400 million this quarter, an indication of how far the distribtion and tech supplier still has to go before it reachs pre-pandemic levels.... Read More
What destinations can do about Apple's location data overhaul
Opinion / Technology
What destinations can do about Apple's location data overhaul
By Nikolai Scholz - Adara | August 3, 2021
Building a strategy that isn’t solely reliant on IP address is a smart investment in the future, especially for travel organizations that use location data for targeting and information-gathering.... Read More
Bolt rides off with €600M investment round
News / Technology
Bolt rides off with €600M investment round
By Linda Fox | August 3, 2021
Bolt, which calls itself Europe's super app, claims it is valued at more than €4 billion after its most recent Series E funding round.... Read More
vtravel-250-million
News / Online
Vietnamese tech conglomerate, OTA operator raises $250M
By Mitra Sorrells | August 2, 2021
VNLife operates VNTravel, a Vietnam-based online travel agency with more than five million customers.... Read More
TravelLocal raises £2.5M to expand tailor-made tours, merges with Trip.me
News / Online
TravelLocal raises £2.5M to expand tailor-made tours, merges with Trip.me
By Kevin May | August 2, 2021
The deal is being touted as a means to capitalize on the anticipated boom in demand with a "once in a generation" opportunity to bring two growing brands together.... Read More
VIDEO: Navigating the travel payments ecosystem in Asia
News / Technology
VIDEO: Navigating the travel payments ecosystem in Asia
By PhocusWire | August 2, 2021
Multi-currency payments; fraud; how many payment methods should you offer – key headaches that need addressing.... Read More
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