News

U.K. startup Five raises $41M to build out self-driving technology
News / Technology
U.K. startup Five raises $41M to build out self-driving technology
By Jill Menze | March 5, 2020
The Series B round brings the self-driving technology company's total funding to $77 million.... Read More
Hostelworld 2019 earnings
News / Online
Hostelworld suffers 9% EBITDA decline in 2019, expects loss due to coronavirus
By Steven Lerner | March 4, 2020
Hostelworld Group reports a 9% decrease in EBITDA to €20.5 million for the full-year in 2019 and estimates an EBITDA loss of €3 million to €4 million in the first quarter of 2020 due to the COVID-19 coronavirus.  ... Read More
VIDEO: American Express GBT on rogue spend, digital experience and content fragmentation
News / Online
VIDEO: American Express GBT on rogue spend, digital experience and content fragmentation
By Linda Fox | March 4, 2020
American Express GBT's Evan Konwiser, executive vice president of product and strategies, joins us in the PhocusWire Studio at Travel Technology Europe 2020.... Read More
oaky funding
News / Technology
Hospitality startup Oaky raises $9.5M to develop upsell technology
By Steven Lerner | March 4, 2020
Hotel upsell platform Oaky is embarking on its next phase of growth and development following its biggest capital raise to date.... Read More
travelperk-greenperk
News / Online
TravelPerk launches carbon impact reporting and offsetting
By Mitra Sorrells | March 4, 2020
TravelPerk is launching GreenPerk, a solution that allows business travelers to offset their entire travel-related CO2 footprint directly in the platform.   ... Read More
Waymo funding
News / Technology
Alphabet’s autonomous vehicle unit Waymo rides off with $2.25B investment
By Steven Lerner | March 4, 2020
Waymo, the autonomous vehicle subsidiary of Google’s parent Alphabet Inc., is welcoming its first external investment in its 11-year existence.... Read More
The PhocusWire PundIT Show #21
News / Technology
The PhocusWire PundIT Show #21
By PhocusWire | March 3, 2020
Our guests cover trends such as startups, fancy (or folly) new technologies, challenges around technology and distribution in the industry, plus a lot more.... Read More
Lanes & Planes lands $10M to expand customer base, develop corporate travel tech
News / Startups
Lanes & Planes lands $10M to expand customer base, develop corporate travel tech
By Linda Fox | March 3, 2020
The round was led by Battery Ventures, with DN Capital and Connect Ventures, an existing investor, also participating.... Read More
Travelzoo-earnings-2019
News / Online
Travelzoo posts declining operating profit in Q4, pins hope on acquisition of Jack’s Flight Club
By Steven Lerner | March 2, 2020
Travelzoo reported a decrease in operating profit to $818,000 in the fourth quarter of 2019 from $2.8 million in the prior-year period.... Read More
Corporate travel industry could see $47B per month hit from coronavirus
News / Distribution
Corporate travel industry could see $47B per month hit from coronavirus
By Linda Fox | March 2, 2020
In a GBTA survey, two thirds of companies have cancelled a “few” meetings or events while 18% say they have cancelled “many” and 25% have cancelled “some.”... Read More
Limehome welcomes €21M in funding to grow apart-hotel concept
News / Technology
Limehome welcomes €21M in funding to grow apart-hotel concept
By Steven Lerner | March 2, 2020
Alternative accommodations provider Limehome has raised €21 million, bringing its total funding to date to €26 million.... Read More
2019 earnings amadeus
News / Distribution
Amadeus grows revenue by 12.8% in 2019, gauges coronavirus impact in 2020
By Steven Lerner | February 28, 2020
Amadeus expects the COVID-19 coronavirus to have a negative impact on air traffic and the GDS industry.... Read More
sounding off travel subscription
Interview / Online
Sounding Off: Do consumers want a travel subscription? Maybe…
By PhocusWire | February 28, 2020
As much as it’s touted that younger generations want something new out of loyalty rewards, travel brands should get a clear picture on what that means before asking travelers to agree to monthly buy-in.... Read More
Viselio funding
News / Technology
Swiss startup Viselio lands €2.8M in funding for expansion, software development
By Steven Lerner | February 28, 2020
Automated visa service provider Viselio has raised 3 million Swiss francs (about €2.8 million) to expand into new markets.  ... Read More
blockchain-loyalty
News / Technology
How blockchain is reinventing travel loyalty programs for both brands and consumers
By Mitra Sorrells | February 28, 2020
Companies such as Loyyal, Qiibee and Kornchain are accelerating development of blockchain solutions for loyalty and rewards, and executives say they expect widespread adoption in the next five to 10 years.... Read More