News

OYO raises $174 million in Series G funding
News / Startups
OYO raises $174 million in Series G funding
By Linda Fox | August 13, 2024
The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth.... Read More
Wizz Air partners with Caravelo on all-you-can-fly subscription
News / Online
Wizz Air partners with Caravelo on all-you-can-fly subscription
By D.J. Catron | August 13, 2024
Subscribers who pay a single annual payment up front can fly as much as they want during the next 12 months as long as they book within 72 hours before departure.  ... Read More
Priorities, challenges and next steps for Lufthansa Innovation Hub
News / Technology
Priorities, challenges and next steps for Lufthansa Innovation Hub
By Linda Fox | August 13, 2024
Travel startups including Squake, Navit, Swifty and Uptrip have come out of the Lufthansa Innovation Hub. Now, at 10 years old, the corporate venture unit is looking at how it scales further, does more with data and generally accelerates innovation within Lufthansa Group.... Read More
AA's former commercial chief Vasu Raja sees a simpler future for airline retailing
News / Distribution
AA's former commercial chief Vasu Raja sees a simpler future for airline retailing
By Linda Fox | August 12, 2024
American Airlines former CCO Vasu Raja discussed his views on the internet as a sales and distribution channel as well as future innovation in airline distribution with Cory Garner, a former sales and distribution executive for the carrier.... Read More
Events and tickets platform Coras raises €1.3M
News / Startups
Events and tickets platform Coras raises €1.3M
By D.J. Catron | August 12, 2024
The funding was led by DataOp and will also help Dublin-based Coras roll out Fida, a web loyalty platform that facilitates tokenized commerce so customers can spend their loyalty points across multiple brand partners.... Read More
Berlin-based YGO Trips receives €2.5M in funding
News / Startups
Berlin-based YGO Trips receives €2.5M in funding
By Morgan Hines | August 9, 2024
The company, founded in January 2023, focuses on an all-in-one approach to customizable travel booking with fair prices made possible by AI solutions.... Read More
Vacasa secures $30M in funding, business transformation ongoing
News / Distribution
Vacasa secures $30M in funding, business transformation ongoing
By Linda Fox | August 9, 2024
Vacation rental management company Vacasa announced a business transformation in May and has now secured financing of $30 million.... Read More
PhocusWire's weekly travel tech news briefs: Kayak, Southwest Airlines, Sabre and more
News / Online
PhocusWire's weekly travel tech news briefs: Kayak, Southwest Airlines, Sabre and more
By PhocusWire | August 9, 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
AI-powered travel technology company FLYR raises $295M
News / Technology
AI-powered travel technology company FLYR raises $295M
By Morgan Hines | August 8, 2024
The funding will be used to speed FLYR’s delivery of modern reservation systems, to allow AI-based decision automation and to elevate digital channels for airlines and hospitality brands.... Read More
Expedia sees rise in Q2 earnings – but warns of “softening travel demand”
News / Online
Expedia sees rise in Q2 earnings – but warns of “softening travel demand”
By D.J. Catron | August 8, 2024
New CEO Ariane Gorin oversaw 6% increases year over year in gross bookings and revenue in Q2, but a slow July has the company expecting those numbers to fall between 3-5% for Q3.... Read More
IHG bookings from own channels hit 80%
News / Technology
IHG bookings from own channels hit 80%
By Linda Fox | August 8, 2024
Holiday Inn-parent IHG shares progress on its investments in technology and loyalty, including the implementation of a new revenue management system and property management system.... Read More
Hopper doubles down on HTS to power banks and credit cards to “build new space in travel”
News / Distribution
Hopper doubles down on HTS to power banks and credit cards to “build new space in travel”
By Yeoh Siew Hoon – Web In Travel | August 8, 2024
With five partnerships with banks and credit cards in place in the United States, Brazil, Australia, Japan and South Korea, Hopper is doubling down on growing HTS (Hopper Technology Solutions).  ... Read More
Will Airbnb’s eventual relaunch of Experiences be successful?
News / Online
Will Airbnb’s eventual relaunch of Experiences be successful?
By Morgan Hines | August 8, 2024
Industry experts’ opinions vary as to whether Airbnb can pull off a successful relaunch of its Experiences vertical.... Read More
Airbnb focused on “strategic priorities” amid solid second quarter
News / Online
Airbnb focused on “strategic priorities” amid solid second quarter
By Morgan Hines | August 6, 2024
Airbnb is looking ahead to expanding beyond its “core,” including the eventual relaunch of Airbnb Experiences, among other new features to roll out later this year and beyond.... Read More
Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings
News / Online
Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings
By D.J. Catron | August 6, 2024
A partnership with Hopper’s HTS will power in-app booking for Tripadvisor, which also announced that revenues for the second quarter rose by 1% year over year.  ... Read More