Dreamlines is aiming to accelerate its growth with a focus on new markets and additional services following a top-up investment round of €18 million. The latest backing follows an investment round in August 2016 that brings its total raised during 2016 to €32 million. The same backers are involved in the round: Holtzbrinck…
Strategic revenue management and technology quickly leads hotels to make decisions that bring in higher revenue and profits – and translate into cash flow that impresses any hotel owner. Since every hotel requires substantial financial investment, you can be certain your owner cares significantly about seeing the value of…
Hotel reservation specialist Busy Rooms is strengthening its presence in Europe with the acquisition of Hotelwebservice. Terms of the deal have not been disclosed but Germany-based Hotelwebservice opens up the German-speaking market to Busy Rooms including Switzerland and Austria. According to a statement the acquisition will bring additional products…
Less than a year after taking an investment round, Loco Partners – owner of the Japan-focused Relux booking site – has sold the remaining shares to its backer. Terms of the deal have not been disclosed. In April 2016, the Tokyo-based startup that runs Relux, a membership-only accommodation service, secured 500 million…
Unlike researching and booking an exotic trip, you receive neither the aspirational effect nor a dopamine rush when you research and purchase a travel insurance policy. In short: nobody buys travel insurance because it’s fun! NB: This is a viewpoint from Steve Sherlock, CEO of Pablow. When you purchase…
The Momondo Group has sold to the Priceline Group, owner of rival travel search service Kayak, in a $550 million deal. The deal will see the two brands within the group, Momondo and Cheapflights, “roll under” the Kayak division. Regulatory approvals are needed to close the acquisition, a statement…
Marriott International has revamped its mobile application in a bid try and be more relevant to guests… at the right time. Developments include design improvements, personalisation and better tie-in to the loyalty programme which is being updated to enable easier ways to spend points. George Corbin, the hotel giant’s senior…
HotelBeds Group is making a move to consolidate the travel wholesaler business with a deal to buy US-based Tourico Holidays. Terms of the acquisition have not been disclosed and the deal is subject to approval by regulators. The deal includes the entire Tourico business, covering its wholesaler service and technology…
India-based travel agent marketplace TravelTriangle has brought in another sizeable funding round – $10 million – to help accelerate its expansion as a company. The company has wooed RB Investments to back the company with the Series B round, with participation from SAIF Patners and Bessemer Ventures returning for support. The…
Another noteworthy move in the ground transportation sector this week as Marcou Transportation Group buys two parts of the ecosystem to bolster its position. GroundLink and Limo Anywhere will both become part of the Boston, US-based group, joining Marcou’s existing business Dav El-Boston Coach. Both deals have been carried out for…