News

BusUp accelerates away with $6M in funding
News / Startups
BusUp accelerates away with $6M in funding
By Linda Fox | February 11, 2021
BusUp is looking to expand in the U.S. and sees growing demand for commuter mobility services from corporates.... Read More
Lufthansa Innovation Hub spins off mobility startup RYDES, Porsche acquires stake
News / Startups
Lufthansa Innovation Hub spins off mobility startup RYDES, Porsche acquires stake
By Linda Fox | February 11, 2021
Lufthansa Group and Porsche are now minority stakeholders in the startup, with Porsche’s Forward31 venture arm acquiring a stake.... Read More
G Adventures gets financial backing from Certares
News / Online
G Adventures gets financial backing from Certares
By Kevin May | February 11, 2021
It is only the second time in the brand's history that it has disclosed external funding, although both occasions were via private equity agreements.... Read More
Uber reports uptick in revenue as delivery remains bright spot
News / Online
Uber reports uptick in revenue as delivery remains bright spot
By Jill Menze | February 10, 2021
Uber boosted its revenue by 13% to $3.2 billion in the fourth quarter of 2020.... Read More
Casai talks technology investment and data-driven decisions
News / Technology
Casai talks technology investment and data-driven decisions
By Linda Fox | February 10, 2021
For a company that set its strategy on offering smart rentals - its name translates as smart home - it concedes a need to ensure the business is getting the basics right.... Read More
Lastminute.com Group ends 2020 with 62% collapse in revenue
News / Online
Lastminute.com Group ends 2020 with 62% collapse in revenue
By Kevin May | February 10, 2021
The online travel agency business brought in €128.9 million in core revenues over the 12-month, pandemic-hit period.... Read More
tripbam-corporate-travel-covid-trends
News / Distribution
Why it’s a “buyer’s market” for corporate hotel rates
By Mitra Sorrells | February 10, 2021
According to Tripbam, the COVID-19 pandemic has caused shifts related to rates, star rates, locations and booking trends.... Read More
lyft-q4-2020
News / Online
Lyft revenue grows 14% in Q4 to $570M
By Mitra Sorrells | February 9, 2021
Lyft says it expects to be profitable no later than the fourth quarter of this year.... Read More
Trivago sees revenue slump 70% in 2020, bets on local travel to fuel recovery
News / Online
Trivago sees revenue slump 70% in 2020, bets on local travel to fuel recovery
By Jill Menze | February 9, 2021
Although revenue for Trivago dropped 70% for the full year and nearly 80% for the fourth quarter of 2020, the company believes it's at a turning point in the pandemic.... Read More
CLEAR raises $100M to expand beyond aviation
News / Technology
CLEAR raises $100M to expand beyond aviation
By Jill Menze | February 9, 2021
Investors in the round include Danny Meyer’s Enlightened Hospitality Investments, NFL investment arm 32 Equity and the Partnership Fund for New York City.... Read More
TUI continues cost-saving program, looks to summer recovery
News / Distribution
TUI continues cost-saving program, looks to summer recovery
By Linda Fox | February 9, 2021
The tour operation giant confirmed its third financial package of €1.8 billion, which will help the business bridge liquidity to the summer months.... Read More
Fastpayhotels acquires accommodation business assets of North America Destinations
News / Distribution
Fastpayhotels acquires accommodation business assets of North America Destinations
By Kevin May | February 9, 2021
Some 300 clients of North America Destinations in the U.S., Canada, Brazil, Argentina, Chile, Paraguay and Colombia will also get last-minute availability and access to thousands of vacation rental properties.... Read More
getaway-42M-funding
News / Startups
Certares leads $42M Series C for cabin-rental platform Getaway
By Mitra Sorrells | February 8, 2021
Getaway says it had 150% year-over-year growth in 2020 and plans to rapidly expand.... Read More
Go2Joy raises $2.3M in Series A+ round
News / Startups
Go2Joy raises $2.3M in Series A+ round
By Linda Fox | February 8, 2021
Vietnam-based hotel booking specialist Go2Joy plans to use its Series A+ funding for sales and marketing.... Read More
timeshifter-2-million
News / Startups
Jet-lag app Timeshifter raises $2M as it launches new product for shift workers
By Mitra Sorrells | February 5, 2021
The company has partnerships with travel brands including Tripadvisor, Travelperk, SAP Concur, CWT and United Airlines.... Read More