News

Voi Technology E-Scooters $85m Funding
News / Technology
Voi Technology raises $85M to expand e-scooter services in Europe
By Steven Lerner | November 12, 2019
This latest funding, a Series B round, brings the company’s current funding total to $137.9 million.  ... Read More
Accor gets access to Alibaba customers via distribution and loyalty deal
News / Distribution
Accor gets access to Alibaba customers via distribution and loyalty deal
By Linda Fox | November 11, 2019
The agreement aims to develop “digital applications and loyalty programs” by integrating Accor’s products and services within the Alibaba ecosystem.... Read More
Here they are: Summit and Launch innovators at The Phocuswright Conference 2019
News / Startups
Here they are: Summit and Launch innovators at The Phocuswright Conference 2019
By PhocusWire | November 11, 2019
The annual roll-call of the companies showcasing at the Summit and Launch sessions at this year's event.... Read More
The Phocuswright Conference 2019 preview - A future not fully understood
News / Technology
The Phocuswright Conference 2019 preview - A future not fully understood
By PhocusWire | November 8, 2019
Will the brands that dominate now still be there in a future still yet to be fully defined? Yes and no. That's why the next era for the digital travel economy promises to be such a thrilling ride for everyone.... Read More
Booking Holdings survives SEO headwinds, reports financial growth
News / Online
Booking Holdings survives SEO headwinds, reports financial growth
By Steven Lerner | November 8, 2019
Gross bookings increased 4% year-over-year to $25.3 billion, while net income soared 10% to $2 billion.  ... Read More
TripAdvisor forms joint venture with Trip.com Group, reports decline in Q3 revenue
News / Online
TripAdvisor forms joint venture with Trip.com Group, reports decline in Q3 revenue
By Steven Lerner | November 7, 2019
The U.S.-based travel and reviews website reported a 7% year-to-year decrease in total revenue for the third quarter to $428 million.... Read More
Despegar reports growth in bookings and revenue, optimism from recent partner agreements
News / Distribution
Despegar reports growth in bookings and revenue, optimism from recent partner agreements
By Mitra Sorrells | November 7, 2019
Argentina-based Despegar reports gross bookings up 26% and revenue up 19% in the third quarter of 2019 compared to the same period a year earlier.   ... Read More
amadeus-Q3-earnings-2019-2
News / Distribution
Amadeus sees growth metrics in 2019 boosted by business expansion
By Linda Fox | November 7, 2019
The travel technology giant reported a 15% increase in revenue to €4.2 billion while EBITDA climbed just over 11% to €1.8 billion in the first nine months of 2019.... Read More
Expedia blames weak SEO for flat performance, reports $3.56B revenue
News / Online
Expedia blames weak SEO for flat performance, reports $3.56B revenue
By Steven Lerner | November 6, 2019
For Expedia Group in the third quarter of 2019, net income fell 22% year-over-year and adjusted EBITDA was flat.... Read More
airbnb-property-verification-safety-announcements
News / Online
Airbnb says it will verify all listings, add other safety steps on heels of shooting
By Mitra Sorrells | November 6, 2019
Airbnb will verify every listing on the platform and add other security measures in the wake of a shooting at an Airbnb rental that left five people dead.... Read More
Tech investment from aviation continues, cybersecurity and cloud the top priorities
News / Technology
Tech investment from aviation continues, cybersecurity and cloud the top priorities
By Linda Fox | November 6, 2019
Airlines and airports are predicted to invest more than $61 billion in IT in 2019, up from the $50 billion spent last year.... Read More
Trivago CEO moves aside as quarterly revenue dips
News / Online
Trivago CEO moves aside as quarterly revenue dips
By Steven Lerner | November 5, 2019
The Düsseldorf, Germany-based company reported a 1% year-over-year decrease in revenue to €250.3 million in the third quarter of 2019.  ... Read More
Uber Q3 2019 earnings
News / Technology
Uber narrows losses in Q3, pledges profitability by 2021 and "magical company" aim
By Steven Lerner | November 5, 2019
The San Francisco-based rideshare company saw its revenue increase 30% year-over-year to $3.8 billion.... Read More
MakeMyTrip reports $181M in quarterly revenue, touts growing customer base
News / Distribution
MakeMyTrip reports $181M in quarterly revenue, touts growing customer base
By Steven Lerner | November 4, 2019
The India-based online travel agency saw gross bookings grow 20.6% year-over-year to $1.5 billion, at the same time as cutting marketing expenses by 10.5% to $40.1 million.... Read More
Steady progress for NDC, but what are the next hurdles to overcome?
News / Distribution
Steady progress for NDC, but what are the next hurdles to overcome?
By Linda Fox | November 4, 2019
Announcements from American Express Global Business Travel, CWT and FCM have talked up NDC - but do they really mean anything and, more importantly, what real progress is being made?... Read More