Finance

News / Startups

Klook lands $210 million investment for three-pronged growth strategy

By Linda Fox | December 7, 2023

Klook said that it has achieved overall profitability for the first time this year and annualized gross booking value of $3 billion as travel recovery began in 2023 for many Asian markets. Read More

News / Online

Airbnb announces changes to executive team

By Derek Catron | December 5, 2023

CFO Dave Stephenson becomes Airbnb’s first chief business officer, a role in which he will be asked to drive growth across the company’s existing and new businesses. Read More

News / Startups

Ground transportation startup Transferz extends Series A with funding from Holiday Extras

By Mitra Sorrells | December 5, 2023

Founded in 2020, Transferz provides the technology to connect travel brands to local transportation companies offering services to and from more than 750 airports, seaports, train stations and more.... Read More

News / Distribution

Travelport boosts balance sheet with $570 million investment

By Linda Fox | December 4, 2023

The capital will enable the company to invest in its technology platforms and “pave the way for other innovations” in the travel industry, according to a statement. Read More

Opinion / Technology

Why payments orchestration in travel should be personalized

By Damian Alonso – Outpayce from Amadeus | December 1, 2023

A payments strategy won’t deliver maximum value until the decision-making is powered by an understanding of both the payment and the trip. Read More

News / Startups

Top travel VCs on opportunities and challenges for innovation, funding

By Mitra Sorrells | November 30, 2023

Investors from F-Prime Capital, Par Capital Management and JetBlue Ventures shared their outlook for funding for travel startups at an event hosted by Plug and Play, Sabre and Flight Centre Travel... Read More

News / Startups

BeCause secures $1.9M investment for sustainability data play

By Linda Fox | November 29, 2023

The funding, which comes on top of $450,000 in angel investment announced earlier this year, will enable the startup to address further travel verticals including corporate travel and destinations. Read More

News / Startups

WeRoad adds €18M to cement position in Europe

By Linda Fox | November 27, 2023

The company is present in the U.K., France, Germany, Italy and Spain and said its “strategic goal is to solidify its foothold in its five current markets and expand its presence across Europe" before... Read More

News / Technology

India-based travel solutions provider RateGain raises $72M

By Derek Catron | November 21, 2023

RateGain will use the funds for strategic investments and inorganic growth such as acquisitions. Read More

News / Startups

Virdee closes $12.4M Series A to fuel growth in hospitality sector

By Mitra Sorrells | November 20, 2023

Virdee’s platform automates all front desk transactions to improve the guest experience, eliminate lines and enable staff to focus on guest engagement. Read More

News / Online

Evolving fintech in travel's super apps

By Phocuswright Research | November 14, 2023

This excerpt from Phocuswright’s Super Apps Secret Sauce explores the interplay between super apps and travel consumption. Read More

Interview / Startups

Hot 25 Travel Startups for 2024: Deal Engine

By PhocusWire | November 14, 2023

Deal Engine uses artificial intelligence to streamline back office operations to help airlines and online and offline travel agencies run more efficiently and improve the traveler experience. Read More

News / Startups

Raus adds €8.5M in funding for nature-based stays platform

By Linda Fox | November 9, 2023

Germany-based Raus offers cabin accommodation in areas near German cities, including Berlin and Dresden. The investment will go towards expansion across Europe with a launch in Austria planned soon. Read More

News / Startups

Vacation rental startup from Airbnb alums raises $18M Series A

By PhocusWire | November 9, 2023

Summer combines a rent-to-own program with short-term rentals and property management. Read More

News / Online

Travel helps Uber drive to another profitable quarter

By Derek Catron | November 7, 2023

Surging global travel demand played a part in Uber's strong quarter, CEO Dara Khosrowshahi said during a call with investors Tuesday morning. Read More

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