As the likes of Airbnb, Booking.com and others jostle for a slice of the corporate travel market, existing players watch intently from the sidelines.
Once you have decided to dedicate the next 5 to 10 years of your life building up a transformative travel startup, the funding question becomes a critical early decision.
Airbnb confirmed today in a US Securities and Exchange Commission filing that it made a $1,499,937,900 offering to unnamed investors this summer.
Sources say many hoteliers are overlooking opportunities by not marketing through GDSes and working with travel agents to secure highly lucrative bookings.
TUI Group, one of the largest travel companies in Europe, has joined the vacation rental fray with the unveiling of TUIVillas.
Paul English is leading a technology company named Lola, aspiring to build an app as a travel concierge to offer a blend of the personalized touch like a human agent.
The market is at a tipping point. Millennials are poised to become the dominant consumer segment globally, tipped to spend $200 million annually from 2017.
India-based late-booking hotel app RoomsTonite has secured angel funding worth $1.5 million from a group of investors.