NIDA Rooms has secured a $5.6 million capital-raise to bolster its growing budget hotel platform. Backing the company in the Series A round are the Shanda Group and other unnamed investors. It brings the total raised so far since the company was formed in September 2015 to $11 million….
Concur, the travel and expense system provider, has launched its App Centre in the UK. The App Centre was originally launched in the US back in 2013 as a means to open up the SAP-owned company’s “ecosystem” to third parties and hopefully, provide a better experience to travellers through…
In travel, marketing and revenue management teams are under tremendous pressure to grow revenues while maintaining low costs. In order to leapfrog the learning curve of the online retail space, many travel operators are adopting digital consumer marketing best practices from companies such as Amazon that engage each customer…
CarTrawler‘s latest ancillary revenue collaboration with IdeaWorks focuses on mobile and shows that airlines are coping better with selling seat selection than checked-in baggage. The report looks at how 25 airlines perform, with IdeaWorks opting for Android over iOS because, globally, Android is used on nearly nine in ten…
Travelport has turned in its best results in five years as it reports its financial results for Q4 and full-year 2016. Highlights for the year from the distribution giant include a 64% net revenue increase to $150 million for its eNett commerce payments business and an 18% boost to…
Airlines want to be an intrinsic part of a trip – part of the experience, the saying goes, not just the functional bit that gets you somewhere. But do they leave and breathe that new mantra? NB: This is an analysis by Matt Walker, chief storyteller for LikeWhere. We…
Travel planning service Utrip has secured a Series A investment round to the tune $4 million from a string of Seattle and Silicon Valley supporters. Plug & Play, Tiempo Capital and Acorn Ventures are amongst the finance houses backing the company, with angel money coming in from the likes of Gary…
Two African companies have joined forces in a bid to create what they claim will be the biggest hospitality tech group on the continent. Savanna Sunrise and HotelOga will merge under undisclosed “similar valuations”, the pair say in a statement, with management roles being divvied up between the original founders of…
In less than a decade the twenty-something founders of Airbnb have gone from selling politics-themed cereal, back in 2007, to raising $850 million on a $30 billion valuation. In short: Airbnb is the poster child of millennial innovation. NB: This is an analysis by Alonso Franco, CEO and founder…
ThreatMetrix recently analysed more than a billion web transactions taking place in the travel and entertainment industries. The company’s “deep dive” into the pair makes for sobering reading, not least as the digital proliferation of the tourism sector shows no sign of slowing – in fact, with restaurants and…