News

Private equity firm Creador acquires hospitality marketplace MG Group
News / Distribution
Private equity firm Creador acquires hospitality marketplace MG Group
By Linda Fox | January 2, 2025
MG Group, an Indonesia-based company that operates a B2B hospitality marketplace in Southeast Asia, will now look to accelerate its global growth post-acquisition.... Read More
Phocuswright analysts share their travel predictions for 2025
News / Online
Phocuswright analysts share their travel predictions for 2025
By Morgan Hines | January 2, 2025
AI agents, luxury travel, developments in APAC, short-term rentals, digital ID and eVTOLS are some of the topics Phocuswright analysts are watching for 2025.... Read More
Travel industry leaders' predictions for 2025
News / Technology
Travel industry leaders' predictions for 2025
By Morgan Hines | January 2, 2025
Executives from Travelport, Klook, Cloudbeds, Spotnana, Mews and more share their predictions for the year ahead, including their takes on artificial intelligence, search, funding and more.  ... Read More
STR management company Casago acquires much larger — but struggling — Vacasa
News / Online
STR management company Casago acquires much larger — but struggling — Vacasa
By Mitra Sorrells | December 30, 2024
Since going public in December 2021, Vacasa has struggled with a drop in inventory and revenue, executive departures and multiple rounds of layoffs.... Read More
Saudi Arabia's $800B investment to build human connections
News / Online
Saudi Arabia's $800B investment to build human connections
By Marisa Garcia | December 30, 2024
The importance of authentic experiences and changing perceptions was discussed during a one-on-one panel held at The Phocuswright Conference.... Read More
The move from legacy models to delightful experiences
News / Technology
The move from legacy models to delightful experiences
By Marisa Garcia | December 24, 2024
Executives from Despegar, Meili and Wego discuss the complexity in travel and the hope for AI to solve some of the challenges at The Phocuswright Conference 2024.... Read More
Poland-based WP Holding to purchase Invia Group for nearly €240M
News / Online
Poland-based WP Holding to purchase Invia Group for nearly €240M
By Morgan Hines | December 23, 2024
The technology holding company has signed a framework agreement to buy all the shares of the travel company. Invia Group operates in Austria, Germany, the Czech Republic, Switzerland, Slovakia, Hungary and Poland.... Read More
Despegar acquired by Naspers-owned Prosus for $1.7B
News / Online
Despegar acquired by Naspers-owned Prosus for $1.7B
By Linda Fox | December 23, 2024
The Dutch company invests in technology companies across multiple verticals and said, with this transaction, it will serve more than 100-million customers in Latin America across travel, e-commerce and fintech.... Read More
How travel startup funding shaped up in 2024
News / Startups
How travel startup funding shaped up in 2024
By Linda Fox | December 23, 2024
We've rounded up details on some of the top travel tech funding stories of 2024 along with insights from investors, including a panel from The Phocuswright Conference.... Read More
Expedia Group names former interim eBay CEO as new CFO
News / Online
Expedia Group names former interim eBay CEO as new CFO
By Morgan Hines | December 20, 2024
Expedia Group has announced that Scott Schenkel will serve as its new chief financial officer after Julie Whalen departs the company in February.... Read More
PhocusWire's weekly travel tech news briefs: Amadeus, Sabre, Hostaway
News / Online
PhocusWire's weekly travel tech news briefs: Amadeus, Sabre, Hostaway
By PhocusWire | December 20, 2024
Keep up with all the latest people, product and partner news from around the global travel industry in PhocusWire's weekly roundup.... Read More
Phocuswright's Travel Forward: Data, Insights and Trends for 2025
News / Online
Phocuswright's Travel Forward: Data, Insights and Trends for 2025
By PhocusWire | December 20, 2024
This new interactive report from Phocuswright equips industry stakeholders with key data and trends needed to navigate the evolving travel landscape.  ... Read More
HotelPlanner acquires platform for finding pet-friendly accommodations
News / Online
HotelPlanner acquires platform for finding pet-friendly accommodations
By Morgan Hines | December 19, 2024
The company said the acquisition is part its goal to improve travel by making experiences more inclusive with the ability to bring along furry friends.... Read More
Tripadvisor to merge with Liberty Tripadvisor in $435M deal
News / Online
Tripadvisor to merge with Liberty Tripadvisor in $435M deal
By Mitra Sorrells | December 19, 2024
The companies announced the merger Thursday morning and the deal is expected to close in the second quarter of 2025.... Read More
TripSuite raises $5M to grow AI platform for agencies
News / Startups
TripSuite raises $5M to grow AI platform for agencies
By Morgan Hines | December 19, 2024
TripSuite's platform for travel agencies offers tools for customer relationship management, commission tracking, accounting, payments and more. ... Read More