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News / Startups

Mint House raises $35M led by Mohari Hospitality

By Mitra Sorrells | May 4, 2022

Mint House reports its revenue grew more than 200% in 2021, and in the last two years the company has tripled its property count, now at 22 properties in 14 markets.... Read More

News / Online

Uber hits record $6.9B revenue for a financial quarter

By Kevin May | May 4, 2022

The delivery arm business attracted almost $14 billion in gross bookings year on year in Q1, with mobility at $10.7 billion (up 58% year over year).... Read More

News / Technology

Sensible Weather warms up with $12M round, plots expansion of travel guarantee tools

By Kevin May | May 4, 2022

The Series A is being led by Infinity Ventures, with participation from Certares Ventures and previous backers Wonder Ventures and Group1001.... Read More

News / Technology

InnKey looks beyond PMS tech following Yanolja investment

By Linda Fox | May 4, 2022

India-based InnKey will use the funds to expand its business.... Read More

News / Online

Lyft Q1 profit of $55M exceeds outlook by $40M

By Mitra Sorrells | May 3, 2022

Lyft achieved adjusted EBITDA of $55 million and revenue of $876 million in the first quarter of this year.... Read More

News / Online

One in five Airbnb stays over 28 days, revenue hits $1.5B for Q1 2022

By Kevin May | May 3, 2022

The U.S.-based home-sharing and alternative accommodation giant saw revenue increase by 70% year-over-year and 80% higher than corresponding quarter in 2019 ($839 million).... Read More

News / Distribution

Sabre reports revenue gains across all business units

By Linda Fox | May 3, 2022

Sabre's revenue across distribution, hospitality solutions and travel solutions were boosted by industry recovery.... Read More

News / Online

Trivago reports Q1 profit of €21M but excludes recent €30M fine

By Mitra Sorrells | May 2, 2022

On April 22, the Australian Federal Court ordered Trivago to pay a €30.2 million penalty for making misleading claims about hotel room rates online and in television advertising.... Read More

News / Online

Expedia Group revenue jumps 81% as travel recovery continues

By Jill Menze | May 2, 2022

For the first quarter of 2022, Expedia Group revenue was $2.2 billion, an 81% increase from $1.2 billion in Q1 2021.... Read More

News / Online

Google enhances trip-planning tools as travel searches boom

By Mitra Sorrells | May 2, 2022

Google is launching new tools related to flight and hotel searches and general trip planning. ... Read More

News / Startups

New hotel booking platform lets guests offset carbon emissions at checkout

By Jill Menze | May 2, 2022

Travel startup Wayaj has launched a new hotel booking engine called Alight.travel that lets travelers book sustainable hotels and calculate and offset their carbon emissions at checkout.... Read More

News / Technology

Movable Ink bags $55M for personalization tech push

By Linda Fox | May 2, 2022

Movable Ink works with a number of travel companies on content personalization including Delta Air Lines, MGM Resorts, Princess Cruises and Uber.... Read More

News / Startups

NUMA strikes deal to manage and operate €500M hotel portfolio

By Mitra Sorrells | May 2, 2022

NUMA Group has entered into a strategic partnership with LaSalle Investment Management to create a portfolio of properties in major cities around Western Europe.... Read More

News / Online

WATCH: Digital travel brands ended 2021 with cautious optimism

By PhocusWire | April 29, 2022

The Omicron variant of COVID-19, which emerged in late 2021, illustrated how the travel, tourism and hospitality industry will likely remain at the mercy of the pandemic for some time.... Read More