News
ALERTS: New deals, products, partnerships and hires in digital travel
News / Technology
ALERTS: New deals, products, partnerships and hires in digital travel
By PhocusWire | August 5, 2021
The backbone of the travel, tourism and hospitality industry is powered by technology and digital services. Here we capture new deals and partnerships, product launches and important hires, all in one place.... Read More
LIVE BLOG: Coronavirus and the travel industry - impact and recovery
News / Online
LIVE BLOG: Coronavirus and the travel industry - impact and recovery
By PhocusWire | August 5, 2021
PhocusWire's live blog is charting the impact of COVID-19 on the travel industry and the sector's efforts to recover.... 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
booking-holdings-q2-2021
News / Distribution
Booking Holdings hits $22B in bookings as latest quarter rides recovery
By Mitra Sorrells | August 4, 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
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
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
bolt-investment-rider
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
rentals-business-travel-sonder
News / Online
Will standardized rentals work for business travelers?
By Mitra Sorrells | August 2, 2021
A subset of alternative accommodations - ones that provide a standardized experience for travelers - could become more popular with business travelers coming out of the pandemic.... Read More
amadeus-q2-2021
News / Distribution
Amadeus scores some financial improvements as traveler restrictions ease
By Linda Fox | July 30, 2021
The distribution company reported improvements in revenue and EBITDA compared to Q1, while air bookings are recovering in all regions.... Read More
Vacasa plots public listing through SPAC merger
News / Online
Vacasa plots public listing through SPAC merger
By Kevin May | July 30, 2021
Trading under the ticker VCSA, publicly listed Vacasa is forecast to have a valuation of $4.5 billion as a result of the IPO and will generate $485 million in cash proceeds.... Read More