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Technology
VIDEO: Maintaining trust in shopping and booking travel
By PhocusWire
|
August 9, 2021
Travel companies have a golden opportunity to rebuild confidence by building trust in their payment processes....
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News
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Startups
Voi adds $45M investment for e-scooter expansion and tech development
By Linda Fox
|
August 9, 2021
E-scooter company Voi initially announced its Series C round of $160 million in December 2020....
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News
/
Technology
Brazil’s Azul makes move into electric air taxis
By Mitra Sorrells
|
August 6, 2021
Azul and German startup Lilium will build an eVTOL network in Brazil, with Azul operating 220 of the electric aircraft. ...
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News
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Technology
VIDEO: The Big Picture for travel payments
By PhocusWire
|
August 6, 2021
In some respects the payments element of the travel, tourism and hospitality sector operates regardless of the number of travelers. Think again....
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News
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Online
Expedia Group Q2 revenue tops $2B driven by U.S. hotel and vacation rental bookings
By Mitra Sorrells
|
August 5, 2021
Expedia Group CEO Peter Kern expressed concern about growing uncertainty due to newer COVID variants....
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News
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Online
Lastminute.com Group points to strong travel rebound as financials improve
By Kevin May
|
August 5, 2021
The jump of 213% year-over-year points to a strong rebound for the business, especially in June when income was in line with pre-COVID levels despite lower booking volumes....
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News
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Online
Tripadvisor hits $235M revenue, beats internal expectations
By Kevin May
|
August 5, 2021
The user review and travel search service posted total revenue across the business of $235 million, up by almost 300% from just $59 million in the corresponding quarter in 2020....
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News
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Startups
Urban short-term rental company Frontdesk raises $7M
By Mitra Sorrells
|
August 5, 2021
Frontdesk plans to continue its aggressive growth plan, with an aim to double its portfolio before the end of this year and turn profitable in 2022....
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News
/
Distribution
Booking Holdings hits $22B in bookings as latest quarter rides recovery
By Mitra Sorrells
|
August 5, 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. ...
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News
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Online
Ixigo acquires Abhibus, boosts presence beyond India's major cities
By Linda Fox
|
August 5, 2021
The purchase price for the Hyderabad-based company has not been disclosed, except to say that it’s being sold for a mixture of cash and Ixigo stock....
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News
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Online
Uber basks in early recovery momentum with $4B quarterly revenues
By Kevin May
|
August 5, 2021
The turnaround in the U.S.-based company's fortunes comes after a dismal 2020 when its ride-hailing division collapsed under the weight of global lockdowns and travel restrictions for prolonged periods of the year....
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News
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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....
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News
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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....
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News
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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....
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News
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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?...
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VayKLife acquires Xplorie to combine vacation rental amenities and activities
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Spotnana acquires Troop to consolidate transient travel, meetings and events
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