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Startups
On-demand car rental startup Kyte raises $60M for expansion
By Jill Menze
|
November 10, 2022
The Series B round will help Kyte on its mission to become “the world’s largest operator of electrified fleets.”
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News
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Online
HomeToGo boosted by last-minute summer bookings
By Linda Fox
|
November 10, 2022
Vacation rental marketplace HomeToGo has reported booking revenue of €43 million for the third quarter of 2022.
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Online
OTAs look to longer-term value for marketing dollars
By Linda Fox
|
November 10, 2022
Direct relationships, channels and loyalty programs are seen as the way forward as OTAs seek a shift from classic performance channels.
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News
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Online
Studies see possible muted fall, return of holiday travel
By Kathryn Walson
|
November 9, 2022
A new report reveals consumers are price-shopping on online travel agencies because of economic concerns.
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Startups
Limehome lands €45M to fund more European expansion
By Linda Fox
|
November 8, 2022
The investment in the Germany-based business comes from new investors AW Rostamani Group and Capital Four, as well as existing investors HV Capital, Picus Capital and Lakestar.
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News
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Distribution
TripActions gains foothold in Spain with latest acquisition
By Linda Fox
|
November 8, 2022
The acquisition of the Spanish company is the fourth for TripActions Group in the past 18 months after Reed & Mackay in 2021 and Comtravo and Resia in early 2022.
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Online
Tripadvisor beats 2019 revenue for first time, Viator up 138% year-over-year
By Mitra Sorrells
|
November 7, 2022
Tripadvisor revenue in the third quarter of this year was $459 million, up 51% year-over-year and exceeding Q3 of 2019 by $31 million.
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News
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Online
Hopper and Capital One extend partnership fueled by new $96M investment
By Mitra Sorrells
|
November 7, 2022
Capital One Travel uses Hopper Cloud to offer customers features such as price alerts, price drop protection and the ability to cancel a flight for any reason.
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News
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Distribution
Amadeus makes further progress towards recovery in Q3
By Linda Fox
|
November 4, 2022
Amadeus revenue for the third quarter of 2022 represented 87% of its third quarter revenue in 2019.
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News
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Online
EasyJet holidays partners with Musement for tours and activities bookings
By Jill Menze
|
November 4, 2022
With the partnership, Musement will develop and power an easyJet holidays digital platform for tours and activities.
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News
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Distribution
Sabre sees revenue increase in Q3 despite "slow start"
By Linda Fox
|
November 2, 2022
The company says international air bookings remained strong into September, and air bookings ended the month at their highest point since the pandemic began.
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News
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Startups
Online travel guide Live the World acquires Itinari
By Linda Fox
|
November 2, 2022
Live the World plans to integrate Itinari's travel stories and tips from residents with its digital interactive map.
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News
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Online
Airbnb reports most profitable quarter ever in Q3 2022
By Kathryn Walson
|
November 1, 2022
Revenue for the period ending Sept. 30, 2022, was $2.9 billion, up 29% year-on-year, while adjusted EBITDA was $1.5 billion – a 32% climb from Q3 2021.
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News
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Technology
Cover Genius raises $70M in Series D funding
By Mitra Sorrells
|
November 1, 2022
Cover Genius says the funding, an oversubscribed round, “represents a significant valuation uplift” from its Series C in 2021.
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News
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Startups
How a startup studio is tackling travel innovation in Africa
By Linda Fox
|
November 1, 2022
Following a $1 million pre-seed investment, startup studio Purple Elephant Ventures plans to build three to four travel businesses per year in Africa.
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Trip.com Group hit with $763M penalty from Chinese regulators
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TravelAI acquires Sonder brand, relaunches Sonder.com
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Booking Holdings' 'connected trip' vision never materialized, and AI is the latest threat
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The travel startup funding deals and acquisitions that stood out in Q2
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AI hits its stride: 5 takeaways for travel leaders
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Engine acquires Options Travel to build modern OBT
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Expedia calls on Layla to speed up its AI strategy
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Amadeus adjusts 2026 guidance, air distribution hit by Middle East conflict
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PhocusWire's travel tech news briefs: Katanox, Airbnb, Amex GBT and more...
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