Booking.com wins brand name trademark case

PhocusWire · 1 Jul

The travel giant had been refused a trademark of its flagship brand by the U.S. Patent and Trademark Office, claiming that the term was "generic for

Airbnb claims Amsterdam rental ban "violates" rights of residents

PhocusWire · 29 Jun

The three districts in question have around 1,500 private accommodation rental properties for tourists - around 6% of the amount available in the ent

Sonder raises $170M at $1.3B valuation, calls it "validation" of recent pivot

PhocusWire · 24 Jun

Sonder has raised $170 million in a Series E round, which it expects to grow to $200 million in the near future.

How the crisis changed fundraising for travel startups

PhocusWire · 24 Jun

Some travel startups have secured funding despite pandemic, but the process has been far from straightforward.

Airbnb won't take IPO off the table for 2020 despite business collapse

PhocusWire · 24 Jun

"We spent 12 years building Airbnb's business and lost almost all of it in the matter on four to six weeks."

Tripadvisor revenue inching up, but June forecast still just 20% of 2019

PhocusWire · 23 Jun

Due to what it calls "extraordinary circumstances related to the COVID-19 pandemic," Tripadvisor has released a financial update in the midst of the

Splyt adds $19.5M from travel super app-inspired Softbank

PhocusWire · 18 Jun

Splyt announces $19.5M in Series B funding to fuel expansion and help Softbank with super app strategy.

Hotel tech startup gets $1M to develop contactless communication tools

PhocusWire · 17 Jun

Akia, founded in 2018 by former Facebook engineers, has received capital to expand its contactless communication products for hotels.

TripActions finds opportunity in crisis, adds $125M in new funding and 265 new customers

PhocusWire · 16 Jun

TripActions has raised $125 million in new funding as it focuses on expanding globally and building its payment product.

Wingly soars with EUR3M in funding, expands into commercial aviation

PhocusWire · 16 Jun

Wingly extends flight sharing platform to small aviation operators followinground led by Innovacom Fund.

REPORT: COVID-19 Hotel Forecast - Toronto

PhocusWire · 11 Jun

Toronto hoteliers are being relatively disciplined with their rate discounting - not panicking by resorting to fire sale tactics in a futile effort t

STARTUP STAGE: SION wants to provide travel agents with clear picture of their earnings

PhocusWire · 9 Jun

SION officially launched in May but has decided to provide the service free of charge during the COVID-19 pandemic.

Travelport secures $500M financing round, with further funds available

PhocusWire · 8 Jun

The "affiliates" of Siris Capital Group and Evergreen Coast Capital have committed to support the company and also made available a further $500 mill

Sabre realigns business units amid 800 layoffs

PhocusWire · 5 Jun

Sabre will cut loose 800 employees in 43 office locations and will combine its airline and agency-focused businesses as part of a strategic realignme

Trip.com Group revenue drops over 40% in Q1, expects steeper decline in Q2

PhocusWire · 28 May

The company is bracing for continued losses but says it is seeing signs of recovery in domestic travel.

Expedia Group pledges $275M to coronavirus recovery, gives lodging partners "free" marketing

PhocusWire · 28 May

Expedia Group is dedicating more than a quarter of a billion dollars to help its lodging partners, destinations and the travel industry rebound from

Transportation platform Bolt raises EUR100M to add new products, markets
Transportation platform Bolt raises EUR100M to add new products, markets

PhocusWire · 26 May

European transportation platform Bolt has closed an investment round of €100 million to grow its ride-hailing, micro-mobility and food delivery servi

Expedia Group sees revenue drop 15% in Q1 2020, vows less reliance on Google

PhocusWire · 20 May

Despite the coronavirus' impact on business, Expedia Group believes it's well-positioned to bounce back and steer away from Google.

Lastminute Group to raise EUR95M to boost financial position

PhocusWire · 20 May

The company says the equity capital will enable it to "capture business opportunities... at significantly better conditions."

Hilton's Nassetta: 3 to 4 years for recovery, but "no less optimistic" about travel

PhocusWire · 20 May

Hilton CEO Chris Nassetta says the company is seeing occupancy grow in some regions, but the economic impact of COVID-19 will make recovery a multi-y

LuggageHero crowd-sources EUR409,000 in funding, plots bag-storage expansion

PhocusWire · 19 May

The Copenhagen-based startup - one of PhocusWire's Hot 25 Startups for 2019 - reached its goal of raising EUR329,000 within the first 48 hours of ope

Trivago outlines steps to preserve cash as revenue drops 33%, income down EUR222M

PhocusWire · 18 May

Trivago says it's cutting advertising spending and preparing for "significant headcount reductions" to deal with COVID-19 impact.

5 ways travel marketers should prepare for recovery

PhocusWire · 13 May

Pinterest's head of travel strategy and marketing has tips on how to inspire travel once restrictions ease.

Q&A: Thayer Ventures' Chris Hemmeter on its new $80M fund, opportunities for travel startups

PhocusWire · 13 May

The venture capital firm is now looking to make six to eight additional investments in travel and transportation startups from the newly closed fund.

Travel startup accelerator seeks ideas to help promote Russian tourism
Travel startup accelerator seeks ideas to help promote Russian tourism

PhocusWire · 11 May

Entrepreneur and cybersecurity expert Eugene Kaspersky is behind the initiative. He says that while it might feel like a strange time to focus on tra

Sabre notes "massive challenge to the industry" as revenues slump by a third

PhocusWire · 8 May

The coronavirus outbreak has hit Sabre across all of its metrics, with revenue down from $1.05 billion in Q1 2019 to $659 million in the same period