Sean O'Neill

Software may be eating the world, but in hotel tech it's still munching on the appetizers. Hotels have only begun to automate operational forecasts, such as how much revenue restaurants on a property may bring in or how much group business a hotel might steal from a crosstown rival.

Richard Anderson deserves kudos for having helped to revitalize Amtrak in his three years as CEO. The former Delta Air Lines top boss put the U.S. railway operator on track to its first-ever operating profit while also improving its safety record.

Amadeus, the world's largest provider of ticket distribution and operational software for airlines, is a bellwether for the sector. It had a weak February, but it expects a rebound later this year. The outlook for airlines, however, is less optimistic.

Startups that got funding this week included Xband, which runs model villages in China, Lanes & Planes, a travel management company, Oaky, a specialist in hospitality upselling, Revl, an automated souvenir video service, and Viselio, a visa application simplifier.

Travelport CEO Greg Webb tells us that the travel distribution giant's private equity investors support a major technology overhaul and that it will involve minimal heartache for agencies. It'll be notable if Travelport's backers defy the reputation of private equity investors for mercilessly extracting value.

Sabre CEO Sean Menke is right to highlight the progress his business has made during the three years since he took the top job. He's also right to insist the company needs to invest more in tech to keep up with the travel industry's pace of digital change. But will investors be patient?

Direct bookings have been harder for smaller hotels and mom-and-pop tour operators to get than for the big guys. Still, tech providers, such as Sojern, Xola, and Destinia, aim to democratize online marketing tools.

Several travel companies, such as Preferred Hotels & Resorts and Frankfurt Airport, have used the services of Loyalty Prime, a startup that builds next-generation software for running loyalty programs. Loyalty Prime's new funding is part of a wave of investment that we expect to see in loyalty tech companies.

Ayenda's Series A is notable for being led by Kaszek, a giant among Latin American venture firms. The industry will be watching to see if Ayenda can apply Oyo's model of bringing brand standards to budget hotels without running up Oyo's large losses.

Of particular note this week is that top-tier European venture capital firm Lakestar has bet on two companies: Impala, which helps hotels talk to other businesses, and Limehome, a next-generation hotel brand. Lakestar is best known for having invested early in companies like Airbnb, Skype, and Spotify. The travel sector can use all the smart money it can get.