Steven Lerner News

pruvo seed funding
News / Technology
Hospitality startup Pruvo closes $1.1M seed round amid coronavirus outbreak
By Steven Lerner | March 20, 2020
In the face of the COVID-19 coronavirus outbreak, an artificial intelligence-driven hospitality... Read More
2019 earnings trip.com group
News / Online
Trip.com Group anticipates revenue impact from coronavirus, hopes for quick domestic travel recovery
By Steven Lerner | March 19, 2020
Trip.com Group expects net revenue to decrease by 45% to 50% year-over-year in the first quarter of... Read More
What happens to travel startup funding during an economic downturn?
News / Startups
What happens to travel startup funding during an economic downturn?
By Steven Lerner | March 19, 2020
During an economic downturn, startups should go back to basics and focus on positive unit economics.... Read More
investment deal stock
News / Online
Liberty Tripadvisor secures $325M investment, plans to repay existing margin loan
By Steven Lerner | March 17, 2020
Liberty Tripadvisor has landed a $325 million investment from Certares Management, which is expected... Read More
Coronavirus and economic uncertainty: Technology strategies hoteliers should evaluate to weather the storm
Opinion / Technology
Coronavirus and economic uncertainty: Technology strategies hoteliers should evaluate to weather the storm
By Matt Melymuka and Andrew Bartusiak - PeakSpan Capital | March 16, 2020
As operational budgets come under increasing scrutiny and hoteliers are forced to cut spending in... Read More
Online travel stocks have fallen 38% in 2020 (mainly due to the coronavirus)
News / Online
Online travel stocks have fallen 38% in 2020 (mainly due to the coronavirus)
By Steven Lerner | March 13, 2020
Most of the value has been decimated due to the spread of the COVID-19 coronavirus, with bookings... Read More
Travelzoo closes failing Asia Pacific business after it loses $7.5 million in 2019
News / Online
Travelzoo closes failing Asia Pacific business after it loses $7.5 million in 2019
By Steven Lerner | March 12, 2020
After years of losing money in Asia Pacific, Travelzoo announced it will exit its business in the... Read More
Cloudbeds brings in $82M to “triple down” on hospitality tech
News / Technology
Cloudbeds brings in $82M to “triple down” on hospitality tech
By Steven Lerner | March 11, 2020
Cloudbeds plans to further invest in its hospitality management technology platform after landing an... Read More
Laid-off Expedia Group workers have a message for the current regime
News / Online
Laid-off Expedia Group workers have a message for the current regime
By Steven Lerner | March 11, 2020
A pair of recently downsized Expedia Group employees are shedding some light recent company layoffs... Read More
STARTUP STAGE: Freddy is changing city tours with augmented reality
Interview / Startups
STARTUP STAGE: Freddy is changing city tours with augmented reality
By Steven Lerner | March 10, 2020
Freddy is an interactive augmented reality travel map, city guide and game designed for parents and... Read More
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Steven's most recent articles

trivago ceo interview covid recovery
News / Online
Q&A: Trivago CEO shares vision for “moment in time” when travel resumes in a post-crisis world
Trivago CEO Axel Hefer discusses his outlook for travel, how Trivago is preparing for the future and... Read More
hotelmize series b
News / Technology
Hotelmize raises Series B funding from Alibaba, establishes APAC headquarters in Hong Kong
 Hotelmize is aiming to gain a foothold in Asia Pacific and to expand operations in the region... Read More
Air Doctor funding
News / Technology
Health startup Air Doctor gets $7.8M to make medical care accessible for travelers
With health becoming a major concern in the travel industry due to the COVID-19 pandemic, a... Read More
coronavirus destroys startup funding
News / Startups
Funding for travel startups was plentiful - then came coronavirus
Entrepreneur Souzana Theodoridou explains how a funding deal for travel experience platform Grekaddict... Read More
funding Huilianyi
News / Technology
Business travel platform Huilianyi raises $42M, aims for global expansion
Shanghai-based business travel platform Huilianyi has landed RMB 300 million (about $42 million) in... Read More
Via 200M investment
News / Technology
Despite difficult times, ride-share company Via lands $200M investment
 Real-time ride-sharing company Via is now valued at a $2.25 billion thanks to a new $200 million... Read More
startups hibernation mode
News / Startups
Should travel startups go into “hibernation mode” during the coronavirus?
Venture capitalists weigh in on how travel startups could survive the economic fallout from COVID-19.... Read More
haunted financial
News / Online
Could addiction to debt come back to haunt some online travel companies?
If revenue drops due to COVID-19, past debt will make it more challenging for online travel companies... Read More
Electric air taxi company Lilium raises $240M toward developing regional service
News / Technology
Electric air taxi company Lilium raises $240M toward developing regional service
The German company is developing an emissions-free, vertical takeoff air taxi that it plans to operate... Read More
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