Hotel technology provider Fornova has secured a USD 17 million financing round led by Deutsche Telekom Capital Partners.
Sabre reiterated its full-year 2017 guidance in the first-quarter report of 2017. Revenue rose 6.5% to USD 915 million in the quarter.
Communications and system management service RoomChecking has raised a €750,000 funding round from a trio of investors.
Online travel agency Tongcheng Tourism announced that it has invested RMB 1 billion to set up an airline company.
Facebook will now allow airlines to target users of the site with content based on when and where people perhaps want to travel.
Ctrip has upgraded its tailored travel platform to “Version 2.0”. The platform has more than 1,200 partner suppliers recommending around 4,000 itinerary designers to cover 956 destinations in 107 countries worldwide.
Expedia reported gross bookings of USD 2.9 billion in the first quarter of 2017. Revenue increased 15% YoY to USD 2.2 billion, of which Trivago took up USD 286 million, a 62% rise from a year ago.
Travelzoo reported revenue of USD 28.4 million and operating profit of USD 2.1 million in 2016. In constant currencies, revenue decreased by 5% year-over-year.