Expedia Inc. moved quickly to replace its departing chief executive officer, naming Mark Okerstrom to the position. Okerstrom, currently chief financial Officer and executive vice president of operations, will succeed Dara Khosrowshahi as president and CEO of Expedia and will join its board. Khosrowshahi was officially named CEO of…
TravelBank, the travel and entertainment expense management solution, has raised $25 million in its Series B. According to the announcement, the round was “led by DCM Ventures with participation from Propel Venture Partners, DHVC (Danhua Capital), NEA, Accel, and Silicon Valley Bank. DCM, led by co-founder and general partner…
On Tuesday morning at 10am Pacific Daylight Time, Dara Khosrowshahi sat comfortably in a conference room on the 17th floor of Expedia’s Bellevue, Washington headquarters, giving no indication of his plans to continue his 12-year tenure as the OTA’s CEO or jump ship for the top job at Uber….
India’s technology-enabled budget hotel brand Treebo Hotels has confirmed a $35 million in a Series C round, bring its total raised since its 2015 launch to $60 million. Its first funding was a $6 million Series A in June 2015 followed by a further $16.7 million just over a…
Datalex has started its 2017 financial year strongly, reaffirming its guidance for a 15-20% full-year increase in adjusted EBITDA. For the six months to end-Jun, total revenues came in at $30.3 million – up 24% on the same period last year. This generated an adjusted EBITDA of $5.4 million…
Amsterdam-based direct booking specialist Hotelchamp has raised €2.25 million from new and existing investors, bringing its total raised so far to €4 million. The business, which was founded in 2015, has more 1,000 major hotels as clients, giving it a presence in more than 40 countries. It describes itself…
Jeff Kaelin’s been busy. As the vice president of products for Avis Budget Group, he’s been listening to customers and infusing feedback into a modernized user experience. The flagship brand’s new app signals a maturing view of how to make an app that truly serves the rental customer. With simple-but-effective…
This is a viewpoint by Daniel Friedli of Travel in Motion, on behalf of Datalex . With the trend towards digital retailing in the airline industry, and the desire for airlines to become the sole source of the offer, there has also been a lot of discussion related to…
This is a viewpoint from China Travel Daily.This article appears as part of the tnooz sponsored content initiative. When you understand data, technology, and media mix, by being in proximity with local partners, it can pave the way for apt localization, asserts Billy Turchin, VP, Digital and Voice, IHG…
In a surprise move, the board of ride-hailing company Uber tapped Dara Khosrowshahi as its new chief executive officer. There are a few formalities that still need to be attended to, such as officially notifying Uber employees, but it appears that the current CEO of Expedia Inc. will take…