Hostelworld CEO Gary Morrison is ringing in the evolution of the hostel dweller. More solo travelers look for friends with chat tools, and bunking up can bring carbon emissions down.
Some investors are hesitant to fund startups in places experiencing currency volatility, but Triply overcame that challenge while consolidating payment tools for smaller travel businesses.
This is the latest move in a trend by hotel tech companies to create more comprehensive platforms, meant to help clients fulfill more of their needs in fewer places.
Reports suggest that Life House, the startup that Rami Zeidan founded in 2017, is facing a wave of complaints from the hotel owners who use its software and services. A new CEO could give the company a fresh start.
Mews, a startup selling hotel management software, earned unicorn status with its latest $110 million funding. The funding round placed a $1.2 billion value on the startup.
Even startups that began experimenting early with generative AI generally aren’t seeing a payoff yet in terms of revenue. But they are generating interest from buyers that want their workers and intellectual property.