Oyo's Widening Losses and Other Financial Takeaways

skift.com - Digital · 25 Nov

Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable t

Datalex to Lose Lufthansa Tech Contract After Management Fiasco

skift.com - Digital · 9 Sep

Airline tech vendor Datalex had a spectacular accounting meltdown in 2018. Lufthansa, its largest customer, wants to kill its contract. Meanwhile, Da

Sabre Under Fire With U.S. Antitrust Lawsuit and 15 Other Digital Trends This Week

skift.com - Digital · 24 Aug

In digital news this week, text messages between executives at Sabre may have given U.S. regulators ammunition for their antitrust lawsuit against th

FlixMobility Raises $561 Million for Intercity Travel: Travel Startup Funding This Week

skift.com - Digital · 26 Jul

This week a handful of companies announced more than $650 million in funding. Business models include intercity bus and train travel, Oyo-style franc

StayPlease Raises Funds to Expand 'Slack for Hotels': Travel Startup Funding This Week

skift.com - Digital · 12 Jul

This week's travel startups, including Sonder, StayPlease, and Bolt, released a series of funding announcements, many of them for undisclosed amounts

Boutique Rental Brand Sonder Raises Another $225 Million

skift.com - Digital · 11 Jul

Sonder's hotel-style serviced apartments operate in that sweet spot between Airbnb homeshares and full-on hotels. There are, of course, plenty of riv

Booking Management Shakeup Leaves Gillian Tans Out as CEO of Flagship Unit

skift.com - Digital · 26 Jun

There's little doubt that Tans' abrupt departure, without any transition time, points to conflicts within Booking Holdings over the company's strateg

Duffel Raises $21.5 Million for Distribution Tech: Travel Startup Funding This Week

skift.com - Digital · 21 Jun

This week travel startups GuestReady Group, Duffel, MagicStay, and Fairjungle announced more than $32 million in funding.

Private Equity Takes Control of Cendyn in a Bet on Hotel Tech

skift.com - Digital · 19 Jun

Many hoteliers will be watching what Cendyn's new president, Tim Sullivan, does to grow his company's software suite, which offers tools for automate

Skift Forum Europe Video: How Radisson Hotel Group is Charting a New Course to Great Experiences
Skift Forum Europe Video: How Radisson Hotel Group is Charting a New Course to Great Experiences

skift.com - Digital · 6 Jun

Today's travel industry marketers face an increasingly complicated path to reach and influence their customers. In this video recap of a conversation

Lola Navigates Big Growth a Year After Amex GBT Deal
Lola Navigates Big Growth a Year After Amex GBT Deal

skift.com - Digital · 6 Jun

Lola clearly made a good choice with this partnership, but it raises some questions. As the startup works with increasingly larger companies, in loca

Travelport Finally Goes Private This Week in $4.4 Billion Deal

skift.com - Digital · 29 May

By the end of this week, Travelport is expected to leave the public markets in a $4.4 billion leveraged buyout. After months of waiting, the company

Ctrip's Global Push Starts to Pay Off in Diversified Revenue Streams
Ctrip's Global Push Starts to Pay Off in Diversified Revenue Streams

skift.com - Digital · 23 May

The more Ctrip internationalizes its sources of revenue, the more it will cross swords with global players like Booking Holdings, which owns a small

Skift Forum Asia: Agoda's CEO Looks to Homesharing for That Competitive Edge

skift.com - Digital · 23 May

The Singapore-based online travel agency is focused on expanding outside of Asia through the marketing of non-hotel accommodations on its site. This

Amazon Launches Flight Bookings in India in a SuperApp Strategy

skift.com - Digital · 16 May

A shoe just dropped. Amazon is stepping into travel again. It may offer travel products in all sizes once it really gets going.

CEO Hints Booking Holdings Is Ready to Buy More Companies

skift.com - Digital · 9 May

Falling victim to the so-called law of large numbers, Booking Holdings saw its total revenues for the first quarter drop 3 percent from the prior yea

Expedia Being Investigated for Conspiring With Hotels to Suppress Competition

skift.com - Digital · 9 May

These are some pretty serious allegations but we'll have to wait and see how far this one gets before any juicy details emerge.

China's Ctrip Will Own Nearly Half of India's MakeMyTrip After Share Swap

skift.com - Digital · 26 Apr

It makes sense that Ctrip, the market leader in China, would be interested in strategically working more closely with MakeMyTrip in the fast-growing

V Resorts Raises $10 Million for Branded Resorts: Travel Startup Funding This Week

skift.com - Digital · 12 Apr

Aditi Balbir, founder and CEO of V Resorts, has impressed investors with her take on asset-light hospitality management in India, like an Oyo for res

Fyle Raises $4 Million for Expense Management: Travel Startup Funding This Week

skift.com - Digital · 5 Apr

It's eye-catching that Fyle, a Bengaluru-based expense management software company, has received funding from Tiger Global, a venture firm that was a

Lyft IPO Teaches Lessons to Other Rising Travel Startups

skift.com - Digital · 3 Apr

Several travel startups dream of going public. Lyft's initial public offering shows that profitability isn't necessarily as important as growth in th

Google's Travel Services Aren't a Focus of European Regulators Just Yet

skift.com - Digital · 20 Mar

Over the last couple of years, rumors have been flying around that the European Union wanted to take a closer look at Google's travel tools. For now

BookingPal Raises $12 Million for Rental Software: Travel Startup Funding This Week

skift.com - Digital · 8 Mar

This week travel startups BookingPal, Instawork, Withlocals, Ayenda Rooms, and Questo together announced more than $30 million in funding. Of note, f

How TUI and Rezdy Fit Into Ctrip's Growth Strategy Outside China

skift.com - Digital · 5 Mar

China slowdown? Meituan rivalry? Naaah, Ctrip had a fab 2018. Domestic travel remains strong, but it is international travel growth that's exciting.

Expedia Had a Less-Is-More Approach to Mergers in 2018

skift.com - Digital · 15 Feb

Expedia is an opportunistic company, and mergers and acquisitions are part of its DNA. The company has been quiet on this front for the past three ye

Sabre's Bottom Line Got a Lift From U.S. Tax Cuts

skift.com - Digital · 12 Feb

A U.S. tax law change benefited travel distribution giant Sabre in more ways than the typical company due to some particularities in its business. Th