Conor Yang, chief financial officer for China’s Tuniu.com, has told Bloomberg TV that the business is aiming for “non-GAAP break even” by 2018. Nasdaq-listed Tunui focuses on outbound luxury packages for Chinese individual and group travellers and recently celebrated its 10th anniversary. Bloomberg asked Yang about the competitive landscape…
Singapore Airlines-backed Scoot will be the first low-cost carrier to have direct-booking functionality on travel search engine Skyscanner. The agreement is being seen as a significant moment in the brand’s drive to give airlines the ability to leave the booking part of ticketing to a search intermediary, putting it up against online…
Social media management company Local Measure has raised $3.4 million funding from private investors and private equity firms in Asia Pacific. The Sydney-based company will use it latest funding to continue to develop its service and expand with plans for a new office in Dubai this month followed shortly by…
The things we know already – mobile plays a vital role in the process of travel search and, increasingly, booking. We don’t wait until we get home or visit an offline agent anymore; we simply turn to our phones to browse and book flights, hotels and more on the…
Latin America’s online travel sector is warming up on the sidelines, in readiness for its debut appearance on the main stage (if Nasdaq counts). Decolar, the Argentina-based OTA, is flying the flag for the region and is widely tipped to be in talks with banks for an IPO this…
Airfare analytics and forecasting company Flyr has attracted the investment capital of high-profile startup backer Peter Thiel to the tune of $8 million. Thiel, most famous for leading PayPal until its sale to eBay and for an early-stage investment in Facebook, is supported in the round by existing investors JetBlue Technology…
A new report has forecast the global digital travel sector could be worth $1,091 billion by 2022. The Allied Market Research study predicts the figure will be reached by way of more markets opening up to web services and penetration levels in existing markets climbing even further. The figure…
A fly on the wall of a conversation about hospitality and hotel technology will almost invariably hear the word silos. How are technology silos holding us back, for instance? NB: This is an analysis by Margaret Ady, head of marketing for Snapshot. Data silos are a barrier in any…
Car rental and ground transportation technology specialist Mobacar believes that building machine learning and artificial intelligence into its distribution platform is creating a new business model for the sector. The business is based in Ireland. It picked up some funding in September 2015 which reportedly valued it at €20…
It comes as no surprise, unfortunately, that the bad bots are getting more sophisticated by the day, ensuring the cyber chess game between security professionals and bad actors is as active as ever. NB: This article appears here as part of Tnooz’s sponsored content initiative. The people, process and…