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Airbnb's atypical unicorn story

Airbnb's atypical unicorn story

Airbnb’s disruptive power stems from its ability to identify and meet evolving customer needs, not its technology.

08/09/2019|5:41:32 PM|Forbes
Vacation exchange network RCI acquires Alliance

Vacation exchange network RCI acquires Alliance

RCI, the world's largest vacation exchange network as part of Wyndham Destinations, announced it has acquired travel technology platform Alliance Reservations Network (Alliance) for $92 million.

08/09/2019|12:02:33 PM|Hospitalitynet
TripAdvisor hotel revenue down by 9%, adjusted EBITDA up by 17%

TripAdvisor hotel revenue down by 9%, adjusted EBITDA up by 17%

Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.

08/08/2019|2:40:49 PM|TripAdvisor
Booking Holdings sees 11.8% growth in room nights, 5% rise in gross bookings

Booking Holdings sees 11.8% growth in room nights, 5% rise in gross bookings

Total revenues were $3.9 billion, a 9% increase from the prior year while net income was in line with the prior year at $979 million.

08/08/2019|7:22:33 AM|Booking Holdings
UK travel tech startup Upgrade Pack gets £1.3 million in funding

UK travel tech startup Upgrade Pack gets £1.3 million in funding

Upgrade Pack connects directly to airline and hotel APIs, enabling users to access live, premium seat and room upgrades at a typical saving of 15% to 35% through its closed online marketplace.

08/07/2019|6:32:10 PM|Tech.eu
Socio raises $6 million Series A to expand event management platform

Socio raises $6 million Series A to expand event management platform

In a little over a year, Socio's client base has grown to more than 400 customers in nearly 50 countries.

08/07/2019|4:15:59 PM|Ai THORITY
Flight Centre takes full ownership of Canadian corporate travel and leisure business

Flight Centre takes full ownership of Canadian corporate travel and leisure business

Flight Centre said its Americas businesses, which together generated a AUD$70.2million profit before tax during FY18, were closing in on a profit in excess of AUD$100million for FY19.

08/07/2019|3:08:12 PM|Business News Australia
Marriott jumps into all-inclusive resorts with Ritz-Carlton deal

Marriott jumps into all-inclusive resorts with Ritz-Carlton deal

Marriott announced plans for two new resorts that will cost more than $800 million combined to build.

08/06/2019|5:52:37 PM|Bloomberg
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