News

News / Distribution

Amadeus reports "solid start" to 2024

By Linda Fox | May 8, 2024

Group revenue for the Madrid-based business rose to €1.5 billion, a 14% increase versus the same quarter in 2023.... Read More

News / Technology

Wayve raises more than $1B in Series C

By Morgan Hines | May 7, 2024

The AI-powered autonomous driving company plans to use the new funding to bolster its goal of reimagining autonomos mobility through embodied intelligence.... Read More

News / Online

India-based travel distribution platform TBO to open IPO

By Mitra Sorrells | May 6, 2024

The company said it will use the proceeds to invest in its technology and data solutions, to add new buyers and suppliers and to pursue acquisitions.... Read More

News / Distribution

U.S. OTAs pass $100B revenue mark for first time

By Phocuswright Research | May 6, 2024

As the digital landscape evolves, U.S. OTAs continue growing, with 2023 witnessing a solid yet decelerated 14% expansion in response to a stabilizing consumer demand post-pandemic.... Read More

News / Online

Airbnb’s “Icons” launch prompts mixed reaction from industry voices

By Morgan Hines | May 6, 2024

Some industry leaders are in favor of Airbnb's new limited-access, unconventional experiences that tie into pop culture while others are feeling underwhelmed... Read More

News / Online

Travelsoft acquires Eventiz to bring data to the industry

By Linda Fox | May 3, 2024

The acquisition is in line with Travelsoft’s strategy “to bring to the market the benefits of the data processed by the group's platforms."... Read More

News / Online

Incoming Expedia Group CEO Ariane Gorin emphasizes AI, personalization

By Morgan Hines | May 2, 2024

Ariane Gorin shared her plans as the incoming CEO of Expedia Group while the company reported earnings, tempering booking expectations for 2024.... Read More

News / Online

Booking Holdings beats earnings expectations, talks up AI potential

By D.J. Catron | May 2, 2024

First quarter revenues of $4.4 billion represented a 17% increase over the same period last year, and net income of $776 million was nearly three times higher than Q1 in 2023. ... Read More

News / Distribution

Guesty acquires Rentals United

By Morgan Hines | May 2, 2024

STR property management platform Guesty has acquired cloud-based distribution platform Rentals United to create new revenue opportunities and expand offerings.... Read More

News / Technology

Joyned releases AI planner to drive social revenue for online travel vendors

By D.J. Catron | May 2, 2024

The tool enables users to discuss, decide and book together, straight from the vendor’s website.... Read More

News / Distribution

Sabre says growth strategy beginning to pay off

By Linda Fox | May 2, 2024

Sabre president and CEO Kurt Ekert said margin expansion for the distribution company was driven by revenue growth, efficiency improvements and progress on its technology transformation.... Read More

News / Technology

Travelier acquires DeÔnibus to boost footprint in Latin America

By Linda Fox | May 2, 2024

DeÔnibus, founded in 2012 as “Brazil by bus,” had raised $700,000 from venture capital firm ACE Ventures and angel investors.... Read More

News / Online

Airbnb puts new spin on experiences with “Icons” launch

By Mitra Sorrells | May 1, 2024

Aligned with its strategy to move beyond its core short-term rental business, Airbnb is launching new experiences created in partnership with "the world's greatest icons."... Read More