News

News / Online

Trivago reports solid Q3 despite consumers choosing shorter, cheaper stays

By Kathryn Walson | November 3, 2022

The Germany-based metasearch brand attributes its adjusted EBITDA growth to cost discipline, increased marketing efficiency and recovering travel demand.... Read More

News / Technology

Journey Hospitality lands £5M to grow its e-commerce platform

By Linda Fox | November 3, 2022

The investment in the U.K.-based company, which launched in 2010, comes from Averroes Capital.... Read More

News / Technology

Operto adds digital key capabilities with acquisition of STAYmyway

By Linda Fox | November 3, 2022

Spain-based STAYmyway announced an exclusive partnership with Accor for the group’s Accor Key program last year; Operto will now accelerate the rollout of the program.... Read More

News / Technology

Lodgify eyes global expansion of vacation rental tech with $30M haul

By Jill Menze | November 3, 2022

Founded in 2012, Lodgify helps vacation rental hosts and businesses build their own websites to attract and grow direct bookings.... Read More

News / Online

Booking Holdings posts highest quarterly revenue in Q3 2022

By Kathryn Walson | November 2, 2022

Revenue for the third quarter of 2022 was up 29% year-on-year to $6.1 billion; adjusted EBITDA rose 26% year-on-year to $2.7 billion.... Read More

News / Distribution

Sabre sees revenue increase in Q3 despite "slow start"

By Linda Fox | November 2, 2022

The company says international air bookings remained strong into September, and air bookings ended the month at their highest point since the pandemic began.... Read More

News / Startups

Online travel guide Live the World acquires Itinari

By Linda Fox | November 2, 2022

Live the World plans to integrate Itinari's travel stories and tips from residents with its digital interactive map.... Read More

News / Online

Airbnb reports most profitable quarter ever in Q3 2022

By Kathryn Walson | November 1, 2022

Revenue for the period ending Sept. 30, 2022, was $2.9 billion, up 29% year-on-year, while adjusted EBITDA was $1.5 billion – a 32% climb from Q3 2021.... Read More

News / Startups

Way raises $20M for hospitality brand activation platform

By Kathryn Walson | November 1, 2022

Way's platform helps luxury, lifestyle and boutique hotels enter the experience economy.... Read More

News / Startups

Volocopter tops up Series E funding with $182M

By Linda Fox | November 1, 2022

The investment comes from Saudi Arabia's smart city development project Neom and Gly Capital Management.... Read More

News / Technology

Cover Genius raises $70M in Series D funding

By Mitra Sorrells | November 1, 2022

Cover Genius says the funding, an oversubscribed round, “represents a significant valuation uplift” from its Series C in 2021. ... Read More

News / Startups

How a startup studio is tackling travel innovation in Africa

By Linda Fox | November 1, 2022

Following a $1 million pre-seed investment, startup studio Purple Elephant Ventures plans to build three to four travel businesses per year in Africa.... Read More