News

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 rides off with €600M investment round
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
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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 scores some financial improvements as traveler restrictions ease
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
Exoticca lands $30M investment to develop packages platform
News / Startups
Exoticca lands $30M investment to develop packages platform
By Linda Fox | July 30, 2021
Multi-day packages operator Exoticca has now raised a total of $53 million.... Read More
Trivago seeing some markets bounce back bigger than 2019
News / Online
Trivago seeing some markets bounce back bigger than 2019
By Kevin May | July 29, 2021
Total revenue at the Germany-based company in Q2 was €96 million, up almost 500% from €16 million in the same quarter last year, when much of the industry had ground to a halt.... Read More
hilton-q2-2021
News / Online
Hilton reports strong Q2, adjusted EBITDA $400M
By Mitra Sorrells | July 29, 2021
Hilton CEO Chris Nassetta says he expects continued strength in leisure demand and further upticks in business travel to drive continued resurgence in the back half of the year.... Read More
Phocuswright Europe 2021: Every innovator pitch
News / Technology
Phocuswright Europe 2021: Every innovator pitch
By PhocusWire | July 29, 2021
At Phocuswright Europe, innovators battled for a shot at being crowned the EMEA Travel Innovator of the Year or winning the People's Choice Award.... Read More
Ixigo raises $53M led by Singapore's sovereign wealth fund
News / Distribution
Ixigo raises $53M led by Singapore's sovereign wealth fund
By Mitra Sorrells | July 29, 2021
The round also has participation from Bay Capital Holdings, IE Venture Fund, India Acorn Fund, Malabar India Fund and others. ... Read More
VIDEO: Booking.com on overcoming the travel payments mountain
News / Technology
VIDEO: Booking.com on overcoming the travel payments mountain
By PhocusWire | July 29, 2021
During the PhocusWire Pulse: Progress in Travel Payments session, Daniel Marovitz, SVP of booking.com's fintech arm talks about the ambitions for the unit.... Read More