TRVL.com’s tagline is “Power to the traveler!” But TICO, the Travel Industry Council of Ontario, has pulled the plug on the travel website’s peer-to-peer operations in Canada’s most populous province. Anyone could sign up to become a “TRVL agent.” They could recommend hotels to site visitors and make bookings….
Travelport attributes ongoing gains reported in its third quarter results to non-air business as well as international growth. The company says net revenue increased 3% to $611 million although net income saw a 78% decrease to $5 million, attributable to an “increase in the provision for income taxes.” Travelport…
GetYourGuide has raised $75 million in Series D which it says is the largest ever raised in the tours and activities segment. The round is led by Battery Ventures, a new investor for the company, with exiting investors KKR, Spark Capital, Highland Europe, Sunstone Capital and Nokia Growth Partners…
Trip.com, the reviews and planning platform formerly known as Gogobot, has been bought by Ctrip which will use trip.com technology and content to ramp up Skyscanner‘s personalisation push. The announcement came around the same time that Ctrip was telling the markets on its Q3 earnings call that Skyscanner synergies were…
This is the continuation of a series of articles spun out of tnoozLIVE@Arival, recorded live at the Arival in-destination event held at the LINQ in Las Vegas. More clips to come! To learn more about how to bring tnoozLIVE@ to your event, please email Kerry Cannon. One of the…
IdeaWorks has been banging the drum for ancillary revenues for a decade or so, and its latest contribution highlights innovation over earnings. Its 2017 Top Merchandising Innovations to Delight Passengers and Boost Profits report, sponsored by CarTrawler, looks at specific products and services introduced by cross-section of airlines which…
Ebix, a Nasdaq-listed software and services provider, has bought India-based via.com in a deal valuing the omnichannel travel, fintech and retail business at $75 million. The deal was conducted by Ebix’s Singaporean subsidiary Ebix Cash, which sells various financial services through offline and online channels across APAC. Via has…
This is an article from China Travel News.It appears as part of the tnooz sponsored content initiative. Xiaozhu, a rival to Airbnb in China, has raised $120 million in its latest financing round, bringing it to unicorn status. The funding round is led by Yunfeng Capital which was founded in…
Despite the thrashing dealt out by two major hurricanes in Sabre Corp.’s strongest region, the company emerged from the third quarter with a 7% increase in revenue and a 15.3% hike in adjusted net income, to $91 million. Sabre Travel Network, the company’s GDS business, lost 1.3 million bookings…
Business strategy evolution is as critical as technology revolution according to a senior executive from Amadeus. In the sidelines of IATA’s World Passenger Symposium in Barcelona last week, tnooz spoke to Gianni Pisanello, strategy director Amadeus IT Group, on progress in travel IT infrastructure. He also shares what airlines…