A report put together, for Amadeus, by the London School of Economics and Political Science, talks in detail about the four areas chosen after studying current “disruptive factors” including consumer behaviour, mobile, big data and artificial intelligence, regulation and travel risk.
Hitwise examined the online behaviour of three million consumers in the UK and found that rental sites generally have seen a massive 112% increase in traffic over the course of the past three years.
The top venture capitalists are on pace to participate in fewer deals to travel tech startups this year, compared to 2015.
Egencia, the corporate travel division of Expedia Inc., will restructure internally as it gears up to focus on its next five to 10 years of growth and disruption in the competitive field of travel management.
The two largest European-founded companies that have aspired to be Airbnb alternatives — Wimdu and 9flats — are combining.
Business travel hotel booking service Roomex has secured a Series A investment round of €3.5 million, 12 years after first appearing on the scene in Ireland.
A sizeable Series B investment round to the tune of $13 million has found its way to Social Tables, the SaaS platform to help hoteliers and meeting organisers with events.
A Phocuswright study found those who are repeat renters are more likely to opt for a longer stay, as opposed to first-timers who generally test the water with a 1-2 or 3-4 night stay.