News

News / Technology

WEX cancels plan to purchase eNett and Optal

By Mitra Sorrells | May 7, 2020

WEX is walking away from its planned purchase of eNett and Optal, citing the impact of the COVID-19 coronavirus as the reason.... Read More

News / Distribution

Hilton turns profit in Q1 2020 despite coronavirus

By Jill Menze | May 7, 2020

Hilton turned a profit to the tune of $18 million in the first quarter of 2020 - down from $159 million for the same period in 2019 - despite the threat of the coronavirus.... Read More

News / Distribution

InPhocus, episode 9 - Stuck in the middle with you

By PhocusWire | May 7, 2020

We discuss how brands that sit between consumers and suppliers have been dealt with a number of issues relating to cash flow and appeasing their commercial partners during the coronavirus outbreak.... Read More

News / Online

Airbnb advisor Chip Conley on leadership, liquidity and opportunities in a post-COVID travel industry

By Mitra Sorrells | May 7, 2020

The advisor to Airbnb shared his advice for travel leaders and entrepreneurs during an online event hosted by Plug and Play Tech Center.... Read More

News / Technology

Lyft reports increase in revenue, ridership in Q1 2020 despite coronavirus

By Jill Menze | May 6, 2020

Lyft is reporting revenue of $955.7 million in the first quarter of 2020, a year-over-year increase of 23% versus $776 million in the first quarter of 2019.... Read More

News / Distribution

Despegar reports 32% hit to Q1 bookings, renegotiates Best Day acquisition

By Linda Fox | May 6, 2020

Despegar says bookings are down 32% and revenue is down 43% as it puts cost-cutting measures in place.... Read More

News / Startups

Futurestay announces $2.4M venture round, plans for "runway into 2022"

By Mitra Sorrells | May 6, 2020

Short-term vacation rental technology provider Futurestay has raised $2.4 million in a venture round.... Read More

News / Online

Road trips pick up in U.S. as coronavirus restrictions ease

By Mitra Sorrells | May 6, 2020

Arrivalist is tracking road trip data across the United States and found travel increased substantially the first weekend of May.... Read More

News / Online

Airbnb lays off 25% of staff, cuts back investment in hotels, transportation

By Jill Menze | May 5, 2020

As a result of the effects of the COVID-19 crisis, Airbnb is eliminating 1,900 jobs and cutting investment across business units.... Read More

News / Technology

Experts warn companies to prepare for security breaches when travel restrictions lift

By Linda Fox | May 5, 2020

Travel companies may have seen an increase in phishing attacks due to the volume of refunds issued recently, but experts say they should brace for security breaches as restrictions lift.... Read More

News / Technology

Destination X - Using the new normal to limit visitors and manage overtourism

By PhocusWire | May 5, 2020

Aside from reduced pollution and car accidents, the crisis brought on by COVID-19 may offer an opportunity to make some much needed (and politically difficult) changes to tourism policies.... Read More