Articles tagged “funding”

Lyft Gets $1 Billion to Fight Uber With Alphabet-Led Investment

Lyft Gets $1 Billion to Fight Uber With Alphabet-Led Investment

Eric Newcomer, Bloomberg

Lyft is still a distant second to Uber in the ridesharing wars, but this investment should help the smaller company gain more ground.

4 days ago

Vacasa Raises $103 Million as Venture Capital Commits to the Property Management Sector

Vacasa Raises $103 Million as Venture Capital Commits to the Property Management Sector

Sean O'Neill, Skift

Vacasa spent years building a business before venture capital came along for the ride at this level. Its fate now depends on how well it executes the sometimes-cumbersome task of on-boarding new properties at scale, and whether it can avoid hubris.

6 days ago

Caribbean Destinations Hope for Marketing Campaign if They Can Find the Money

Caribbean Destinations Hope for Marketing Campaign if They Can Find the Money

Dan Peltier, Skift

The Caribbean was suffering from a man-made marketing-funding crisis even before Mother Nature brought destructive hurricanes to its doorsteps this year. Tourism officials are pleading with the travel industry to get involved and help build its fund for this year and the future.

1 week ago

Location-Data Specialist Mapbox Raises $164 Million: Travel Startup Funding This Week

Location-Data Specialist Mapbox Raises $164 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

Mapbox’s funding shows that Google will once again face competition for location-based data, which is good for market dynamics.

1 week ago

Ctrip Leads $300 Million Round for Tujia Home-Sharing Expansion Outside China

Ctrip Leads $300 Million Round for Tujia Home-Sharing Expansion Outside China

Bloomberg

Ctrip's mission is to cater to the needs of Chinese travelers domestically and internationally. If they are increasingly staying in home-shares from home-cooked Tujia, then a big acquisition becomes a possibility. There is certainly room for several viable players in home-sharing on the global stage.

2 weeks ago

Secret Escapes Raises $111 Million in a Flash Sales Revival: Travel Startup Funding This Week

Secret Escapes Raises $111 Million in a Flash Sales Revival: Travel Startup Funding This Week

Sean O'Neill, Skift

Groupon may have its struggles and many similar sites have gone out of business, but travel flash sales have a stubborn persistence — even if they would probably get additional traction in more perilous economic times.

2 weeks ago

Home Rental Platform Le Collectionist Raises $10 Million: Travel Startup Funding This Week

Home Rental Platform Le Collectionist Raises $10 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

With this funding, Le Collectionist ramps up its marketing of luxury vacation rentals. But Airbnb and other tech and lodging brands may not let this profitable segment be siphoned off by this and other young startups for long.

1 month ago

Tour Operator Context Nets $5 Million in Funding for Its Task of Scaling

Tour Operator Context Nets $5 Million in Funding for Its Task of Scaling

Sean O'Neill, Skift

Context is a scholarly tour business betting that digital marketing will let it replicate its model profitably worldwide. Other experiential tour businesses will watch with a skeptical (but hopeful) eye.

1 month ago

Package Vacation Platform GoFro Raises $10 Million: Travel Startup Funding This Week

Package Vacation Platform GoFro Raises $10 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

Startups in India and Turkey have benefited from investment by venture capital firms located outside those countries. That's a trend that's a mixed blessing.

2 months ago

India Hotel Network Treebo Raises $34 Million: Travel Startup Funding This Week

India Hotel Network Treebo Raises $34 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

Travel startups raised more than $72 million this week. The most promising of these is Treebo, which is banking on branded hotel networks as a niche in India.

2 months ago

Vacation Rental Network RedAwning Attracts $40 Million Round: Travel Startup Funding This Week

Vacation Rental Network RedAwning Attracts $40 Million Round: Travel Startup Funding This Week

Sean O'Neill, Skift

Among the latest travel companies to receive funding, RedAwning and WanderJaunt are applying aspects of hotel franchising to home renting. Other companies will likely pile onto these experiments.

2 months ago

FabHotels Secures $25 Million in a Goldman Sachs-Led Round: Travel Startup Funding This Week

FabHotels Secures $25 Million in a Goldman Sachs-Led Round: Travel Startup Funding This Week

Sean O'Neill, Skift

FabHotel's franchise model joins peers OYO and Treebo in a promising effort to tame the famously fractured budget segment in India by applying consistent standards of service and marketing.

3 months ago