Expedia to Deliver Early Payday to Private Equity Investors
Expedia to Deliver Early Payday to Private Equity Investors

skift.com - Digital · 7 Jul

It's no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company'

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis
The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

skift.com - Digital · 6 Jul

The travel sector's slo-mo refund process has infuriated everyone. The crisis is upending the dull business of how money is sent among travel compani

Booking.com Gets OK to Trademark Its Name in a U.S. Supreme Court Win

skift.com - Digital · 30 Jun

There's no need to tear down the signage. Booking.com can stick with the brand name that it's been using for about 14 years. The U.S. Supreme Court d

Sonder to Raise $200 Million in Funding for Its Hotel and Short-Term Rental Model

skift.com - Digital · 24 Jun

Sonder is now the second unicorn in the short-term rental and hotel sector after Airbnb. At this rate, Sonder will IPO before Airbnb.

TripActions Raises $125 Million for Corporate Travel: Travel Startup Funding This Week

skift.com - Digital · 19 Jun

The latest batch of travel startups to raise funding has focused on themes of corporate travel, integrating mobility services like airport transfers

Expedia Shareholders Reject Proposal to Require Greater Disclosure of Company's Political Donations

skift.com - Digital · 10 Jun

Regarding this particular shareholder proposal on increased transparency about political contributions, the stockholder who mattered the most was Bar

Travel Industry to Switch On More Automated Processes to Cope With Reduced Staffing

skift.com - Digital · 10 Jun

Forget animatronic robots. But software that replaces repetitive tasks that white-collar workers due in back-offices, tracking devices that can alert

Travelport Receives $500 Million in Fresh Financing From Private Equity

skift.com - Digital · 5 Jun

The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

skift.com - Digital · 26 May

Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn't a core endeavor. That's especial

Hopper Raises Millions More for Its Agency Model: Travel Startup Funding This Week

skift.com - Digital · 15 May

Hopper has closed an investment of about $70 million, according to a report. Investor faith in travel appears to endure.

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

skift.com - Digital · 12 May

It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It's possible anot

Hostel Provider Selina's New Funding Will Allow It to Survive Crisis: CEO
Hostel Provider Selina's New Funding Will Allow It to Survive Crisis: CEO

skift.com - Digital · 6 May

Selina grew up in a time when private market investors were willing to fund millions in early losses. Money papered over missteps. But managers now f

An Uptick in Fraud Is Complicating Airline Refunds for Canceled Flights

skift.com - Digital · 27 Apr

The surge in requests for refunds on canceled flights has given cover for con artists to commit a few types of fraud. Airlines need to tap better way

Expedia Grabs $3.2 Billion in Private Equity Financing and Appoints Peter Kern CEO

skift.com - Digital · 23 Apr

Barry Diller followed a familiar pattern and appointed someone he's known for years and feels comfortable working with as CEO. Peter Kern will have n

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

skift.com - Digital · 22 Apr

Two private equity firms are likely taking a minority stake in Expedia Group at vfor the investors. There will be a flood of these types of deals ins

Emadri Offers Packing Recommendations for Trips: Travel Startup Funding This Week

skift.com - Digital · 17 Apr

Emadri, which makes money from packing and trip planning, and Hotel Data Cloud, which provides content distribution tools to hotels, have announced s

Hotelbeds CEO Isn't Worried About the Model of Nonrefundable Rates in a Post-Crisis World

skift.com - Digital · 16 Apr

The hotel room bedbank Hotelbeds confirmed on Thursday that it had received a loan of about $435 million (EUR400 million), boosting its cash cushion.

Barry Diller Can't Retake Control of Expedia Group Just Yet, Court Orders

skift.com - Digital · 11 Apr

Barry Diller's alleged right to retake control of Expedia Group, after wielding such power for 14 years, is under attack. At the least, the court-ord

Bimble Raises $1.5 Million for Trip Inspiration: Travel Startup Funding This Week

skift.com - Digital · 20 Mar

This week, travel startups Bimble and Pruvo announced they had raised more than $1 million each in funding, despite the coronavirus crisis. Keep hope

Airbnb Loses $276 Million and 6 Other Takeaways From Its Fourth Quarter

skift.com - Digital · 13 Mar

Airbnb's fourth quarter financials show it is 10 times larger than Tripadvisor. They also provide clarity that Booking Holdings has a long way to go

Trump Administration Orders Shiji to Sell Hotel Tech Firm StayNTouch

skift.com - Digital · 6 Mar

This is a highly unusual action. It's unclear why the U.S. government would believe a company would compromise the sensitive personal data of U.S. ci

New Funding Will Help Colombian Hotel Chain Ayenda Push Into Peru

skift.com - Digital · 19 Feb

Ayenda's Series A is notable for being led by Kaszek, a giant among Latin American venture firms. The industry will be watching to see if Ayenda can

Oracle Hospitality Takes Hotel and Vendor Gripes Seriously At Last

skift.com - Digital · 6 Feb

For too long, Oracle Hospitality, a giant in the hotel tech space, has prioritized internal needs. Now it's changed its tune. It says it's making hot

Life House Raises $30 Million for Next-Gen Hotel Franchising: Travel Startup Funding This Week

skift.com - Digital · 24 Jan

A few startups receiving funding this week deserve props for trying to shake up travel. Life House is targeting a brand gap left by major hotel group

Hipmunk Co-Founders Spurned by SAP Concur in Attempt to Buy Back the Company
Hipmunk Co-Founders Spurned by SAP Concur in Attempt to Buy Back the Company

skift.com - Digital · 14 Jan

It isn't very unusual for a company like Hipmunk to get acquired and then to fade into oblivion in the clutches of a much larger corporation. That's

Will Marriott and British Airways Ever Pay Those Huge Proposed Data Breach Fines?
Will Marriott and British Airways Ever Pay Those Huge Proposed Data Breach Fines?

skift.com - Digital · 7 Jan

Those headline fines were pretty jaw-dropping, but it seems more than likely that they will be massively reduced whenever they are finally rubber-sta