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.

"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
News / Distribution
"Darkest of days" for Tripadvisor as it reports revenue losses, reduced headcount for Q1 2020
By Linda Fox | May 7, 2020
Bookings and revenue are down more than 90% for late March, says Tripadvisor as it reports its Q1 2020 earnings.... Read More
wex-enett-cancel
News / Technology
WEX cancels plan to purchase eNett and Optal
By Mitra Sorrells | May 7, 2020
WEX is walking away from its planned purchase of eNett and Optal, citing the impact of the COVID-19 coronavirus as the reason.... Read More
hilton q1 2020
News / Distribution
Hilton turns profit in Q1 2020 despite coronavirus
By Jill Menze | May 7, 2020
Hilton turned a profit to the tune of $18 million in the first quarter of 2020 - down from $159 million for the same period in 2019 - despite the threat of the coronavirus.... Read More
travel-coronavirus-stuck-middle
News / Distribution
InPhocus, episode 9 - Stuck in the middle with you
By PhocusWire | May 7, 2020
We discuss how brands that sit between consumers and suppliers have been dealt with a number of issues relating to cash flow and appeasing their commercial partners during the coronavirus outbreak.... Read More
conley-plug-and-play-keynote
News / Online
Airbnb advisor Chip Conley on leadership, liquidity and opportunities in a post-COVID travel industry
By Mitra Sorrells | May 7, 2020
The advisor to Airbnb shared his advice for travel leaders and entrepreneurs during an online event hosted by Plug and Play Tech Center.... Read More
Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus
News / Technology
Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus
By Jill Menze | May 6, 2020
Lyft is reporting revenue of $955.7 million in the first quarter of 2020, a year-over-year increase of 23% versus $776 million in the first quarter of 2019.... Read More
Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition
News / Distribution
Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition
By Linda Fox | May 6, 2020
Despegar says bookings are down 32% and revenue is down 43% as it puts cost-cutting measures in place.... Read More
For tourism to thrive post-COVID-19, start by putting women at its center
Opinion / Online
For tourism to thrive post-COVID-19, start by putting women at its center
By Alessandra Alonso - Women in Travel | May 6, 2020
Placing women at the heart of travel and tourism in the post-COVID-19 world will be necessary not only to reflect the ongoing changes occurring in our society, but also to secure the future of an industry for which this global pandemic now represents a watershed moment.... Read More
futurestay-2.4m-funding
News / Startups
Futurestay announces $2.4M venture round, plans for "runway into 2022"
By Mitra Sorrells | May 6, 2020
Short-term vacation rental technology provider Futurestay has raised $2.4 million in a venture round.... Read More
arrivalist-road-trip-surge
News / Online
Road trips pick up in U.S. as coronavirus restrictions ease
By Mitra Sorrells | May 6, 2020
Arrivalist is tracking road trip data across the United States and found travel increased substantially the first weekend of May.... Read More
airbnb coronavirus layoffs
News / Online
Airbnb lays off 25% of staff, cuts back investment in hotels, transportation
By Jill Menze | May 5, 2020
As a result of the effects of the COVID-19 crisis, Airbnb is eliminating 1,900 jobs and cutting investment across business units.... Read More
cybersecurity-travel-coronavirus
News / Technology
Experts warn companies to prepare for security breaches when travel restrictions lift
By Linda Fox | May 5, 2020
Travel companies may have seen an increase in phishing attacks due to the volume of refunds issued recently, but experts say they should brace for security breaches as restrictions lift.... Read More
Destination X - Using the new normal to limit visitors and manage overtourism
News / Technology
Destination X - Using the new normal to limit visitors and manage overtourism
By PhocusWire | May 5, 2020
Aside from reduced pollution and car accidents, the crisis brought on by COVID-19 may offer an opportunity to make some much needed (and politically difficult) changes to tourism policies.... Read More
REPORT: COVID-19 Hotel Forecast - Boston
News / Distribution
REPORT: COVID-19 Hotel Forecast - Boston
By PhocusWire | May 5, 2020
Boston started March in better shape than New York across the board, but its downward slope accelerated much more aggressively.... Read More
Travelers lack confidence in public transit, flights returning to normal
News / Online
Travelers lack confidence in public transit, flights returning to normal
By Jill Menze | May 5, 2020
According to data from Qualtrics, U.S. consumers feel largely uncomfortable about returning to business as usual.... Read More
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