CarTrawler lands EUR100 million investment to drive growth and strengthen platform

Web In Travel (WIT) · 19 May

Dublin-based car rental and mobility solutions provider, CarTrawler, has secured a €100 million investment from TowerBrook Capital Partners, an inves

Now everyone's in the same boat as Expedia secures $3.2b financing and names a new captain

Web In Travel (WIT) · 24 Apr

Even before Covid-19 struck, it had been rocky seas for Expedia Group. The 3,000 layoffs and cost cuts it did, which was played out in full glare on

Airline profits have melted like "snow in the Sahara"; why flying will not be the same again

Web In Travel (WIT) · 9 Apr

Aviation veteran Christoph Mueller last night paid tribute to airline executives for the amazing job they have done, building up networks that allowe

Booking Holdings invests in Korean hotel booking startup Yanolja, Asia's latest travel unicorn

Web In Travel (WIT) · 11 Jun

Korean hotel platform, Yanolja, has raised US$180 million in Series D funding led by Booking Holdings and Singapore sovereign wealth fund, GIC.

The Wrap: Rising costs halved Asia Pacific airlines profitability in 2018

Web In Travel (WIT) · 22 May

Airlines take centre stage with Asia Pacific carriers reporting a dip in profits, Malaysia Airlines and Radisson in loyalty partnership and Vietnam l

PhocusWire Digest: Online travel lures Amazon; Startup focus on Frontdesk

Web In Travel (WIT) · 16 May

This was Morgan Stanley’s estimate of gains for Amazon should it enter the online travel space. The report for investors also told of the impact Amaz

YouTrip raises US$25.5m in pre-Series A to help SEA travellers with payments on the road

Web In Travel (WIT) · 16 May

Singapore startup YouTrip announced today that it has raised US$25.5m in its pre-Series A – making it the largest funding round for a fintech startup

All four Asian startups in 2019 Booking Booster programme earn grants to scale-up
All four Asian startups in 2019 Booking Booster programme earn grants to scale-up

Web In Travel (WIT) · 13 May

Following the success of the 2019 Booking Booster accelerator programme, geared towards supporting sustainable tourism initiatives, all four qualifyi

Al Tayyar ups stake by 40% to fully acquire Saudi OTA, Almosafer

Web In Travel (WIT) · 28 Jan

Al Tayyar – a Saudi Arabia-based travel agency – has fully acquired Saudi OTA, Almosafer, after upping its stake by 40% for just under USD$19 million

Hello monopolies, goodbye independents - it's getting hard to stand alone in a world of giants

Web In Travel (WIT) · 11 Jul

I was at a blockchain event last night when a Beijing-based investor let loose a rant on how this Internet world of centralisation was creating monop

As funding consolidates and channels fragment, small startups will face challenges

Web In Travel (WIT) · 28 Jun

One message was clear at the WIT Japan & North Asia Bootcamp which took place in Tokyo today – small startups, especially in the B2C space, will face