News

Airbnb to acquire online travel agency HotelTonight
News / Online
Airbnb to acquire online travel agency HotelTonight
By Kevin May | March 7, 2019
The deal for the OTA gives it the chance to "accelerate our work to build an end-to-end travel platform that serves everyone."... Read More
Skyscanner Trello integration
News / Technology
Skyscanner enables flight search through Trello platform
By Mitra Sorrells | March 7, 2019
Skyscanner has created an integration with Trello, a visual organization and collaboration tool.... Read More
Booking.com pivots BookingSuite into a hotel tech app store
News / Technology
Booking.com pivots BookingSuite into a hotel tech app store
By Kevin May | March 6, 2019
The BookingSuite App Store is a collection of currently 45 different services provided by software companies in the industry that cover a range of tools to help hoteliers with their day-to-day operations.... Read More
Certify Chrome River merger
News / Online
Certify, Chrome River merge in $1B transaction
By Mitra Sorrells | March 6, 2019
Business travel management platforms Certify and Chrome River are merging in a transaction valued at more than $1 billion.... Read More
Amex GBT launches cross-industry benchmarking tool to measure travel manager performance
News / Technology
Amex GBT launches cross-industry benchmarking tool to measure travel manager performance
By Jill Menze | March 6, 2019
American Express Global Business Travel's new Peer Travel Insights service will rank companies within their peer group.... Read More
Tour and activity veterans line up to launch content platform Magpie
News / Technology
Tour and activity veterans line up to launch content platform Magpie
By Linda Fox | March 5, 2019
Former tour operator Christian Watts, Viator founder Rod Cuthbert and Tokyo-based Venture Republic are behind the new company.... Read More
Ctrip ticks $4.5B annual revenue level for the first time
News / Online
Ctrip ticks $4.5B annual revenue level for the first time
By Kevin May | March 5, 2019
Ctrip cited "robust growth momentum" in its international business during 2018, but despite the uptick in overall annual revenue, Ctrip saw a decline of 19% in fourth quarter revenues to $1.1 billion.... Read More
AirAsia launches venture capital fund to grow startup base in Southeast Asia
News / Online
AirAsia launches venture capital fund to grow startup base in Southeast Asia
By Jill Menze | March 5, 2019
The low-cost carrier’s venture arm, RedBeat Ventures, is establishing the VC fund - dubbed RedBeat Capital - alongside a strategic partnership with San Francisco-based startup accelerator and venture capital firm 500 Startups.... Read More
Withlocals walks away with €8M to support peer-to-peer experiences service
News / Online
Withlocals walks away with €8M to support peer-to-peer experiences service
By Kevin May | March 5, 2019
The Series B round was led by Keen Venture Partners and also saw participation from previous backer Inkef Capital, giving it around €16 million since 2013.... Read More
TripAdvisor opens hotel Sponsored Placements
News / Online
TripAdvisor expands Sponsored Placements for hotels, adds new features
By Mitra Sorrells | March 5, 2019
TripAdvisor's Sponsored Placements for accommodations are now available to any property that provides rates and availability on the platform.... Read More
Fornova buys hospitality intelligence platform HotelsBI
News / Distribution
Fornova buys hospitality intelligence platform HotelsBI
By Kevin May | March 4, 2019
HotelsBI was created in January 2016 by Leon Vaidman and includes tools for hotels to increase direct bookings and retain customers.... Read More
bookingpal-vacation-rental-funding
News / Distribution
BookingPal lands $12M round to boost vacation rental distribution platform
By Linda Fox | March 4, 2019
Valor Capital Group with Altabix and a “new strategic investor” join Existing investors Amadeus Ventures, PAR Capital Management, Plug and Play Ventures and Thayer Ventures.... Read More
Ground transportation part 1 investors
News / Startups
Ground innovation, part 1: The investment path
By Mitra Sorrells | March 4, 2019
In part one in our ground transportation theme series, we talk to investors about startups in the category.... Read More
thefork buys restorando
News / Online
TripAdvisor-owned TheFork buys Restorando, expands in Latin America
By Jill Menze | March 4, 2019
With TheFork's acquisition of Restorando, its network will grow by 3,500 restaurants across eight countries.... Read More
marriott-financials-2018
News / Distribution
Marriott data security breach costs the company $28M so far
By Linda Fox | March 1, 2019
Marriott revealed that the data breach disclosed in November 2018 cost the company $28 million in the fourth quarter.... Read More