Startups

Fly Now Pay Later Raises $42 Million for Loans: Travel Startup Funding This Week

Fly Now Pay Later Raises $42 Million for Loans: Travel Startup Funding This Week

Sean O'Neill, Skift

Uplift and Affirm have seen gains from installment payments for travel purchases in the U.S., and the London-based startup Fly Now Pay Later wants to apply the model in Europe. The concept could help cash-strapped people resume trips.

6 days ago

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

Sean O'Neill, Skift

Smaller online travel agencies try to make money by grabbing nickels and eurocent coins ahead of the steamrollers of global advertising behemoths. The underreported story of why China's largest travel company acquired a tiny Dutch travel group highlights the phenomenon.

1 week ago

Airports Look to Tech to Ensure Social Distancing of Flyers

2 weeks ago

Hopper Raises Millions More for Its Agency Model: Travel Startup Funding This Week

Hopper Raises Millions More for Its Agency Model: Travel Startup Funding This Week

Sean O'Neill, Skift

Hopper has closed an investment of about $70 million, according to a report. Investor faith in travel appears to endure.

2 weeks ago

Thayer Ventures Closes $80 Million Fund to Back Travel Startups

Thayer Ventures Closes $80 Million Fund to Back Travel Startups

Sean O'Neill, Skift

Expect investments in travel startups to hit their lowest levels in total amounts since the global financial crisis a decade ago. But when less capital is chasing deals, persistent venture capital firms may have a better shot at nurturing long-term bets.

2 weeks ago

Coronavirus Upheaval Prompts Independent Hotels to Look at Management Company Startups

Coronavirus Upheaval Prompts Independent Hotels to Look at Management Company Startups

Sean O'Neill, Skift

The startup Life House has a new white-labeled full management service that doesn't require a costly rebrand or renovation. We expect only a few dozen hotels will sign up this year for it. But the new offering underscores the bigger picture, stark choices facing the owners of tens of thousands of independent hotels now.

2 weeks ago

Key and Futurestay Bet on Short-Term Rentals: Travel Startup Funding This Week

Key and Futurestay Bet on Short-Term Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

At least a couple of startups raised funding this week. Key helps property managers source vendors for home redesign and maintenance, while Futurestay helps them run their operations more efficiently.

3 weeks ago

Hostel Provider Selina’s New Funding Will Allow It to Survive Crisis: CEO

Hostel Provider Selina’s New Funding Will Allow It to Survive Crisis: CEO

Sean O'Neill, Skift

Selina grew up in a time when private market investors were willing to fund millions in early losses. Money papered over missteps. But managers now face an era that requires strict management discipline. Can it adapt?

3 weeks ago

Frontdesk Raises About $6 Million for Short-Term Rentals: Travel Startup Funding This Week

Frontdesk Raises About $6 Million for Short-Term Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

This week, travel startups announced about $9 million in funding. Lucky companies include Frontdesk, a short-term apartment rental manager, ZuBlu, a booking service for underwater adventures, Arcis Tours, which runs BLive-branded electric bike tours in remote Indian locales, and Privadia, a rental agency for luxury villas.

4 weeks ago

Google Should Stop Bill Collection for First Quarter, 8 Travel Startups Demand

Google Should Stop Bill Collection for First Quarter, 8 Travel Startups Demand

Dennis Schaal, Skift

Google has a huge travel advertising business. If Google's advertising partners had to hand out tons of refunds to consumers for coronavirus-tinged trips that never happened, shouldn't Google, with its deep pockets, share in the pain?

4 weeks ago

Travel Startups Still Managed to Raise $1.4 Billion During One Turbulent Quarter

Travel Startups Still Managed to Raise $1.4 Billion During One Turbulent Quarter

Sean O'Neill, Skift

Warren Buffett, the billionaire investor, once said that it's "only when the tide goes out that you learn who's been swimming naked." Some of the 57 travel startups worldwide that raised funding in the first months of the year may be about to reveal all.

4 weeks ago

Itilite Raises $13 Million for Business Travel Management: Travel Startup Funding This Week

Itilite Raises $13 Million for Business Travel Management: Travel Startup Funding This Week

Sean O'Neill, Skift

Itilite, a business travel management startup based in India, differs in emphasis from companies like TripActions and Travelperk. It's notable for focusing on mid-size to large companies, rather than small businesses. It also recommends only a few travel options to users on a first search.

1 month ago