Articles tagged “investments”

Startups

Certares and Hertz Lead Investment in Mobility Startup UFODrive

Hertz is now in a pole position among rental car brands in the race to adopt electric vehicles. Separately, it's notable that private equity firm Certares has begun placing venture equity bets in early-stage companies.

Sean O'Neill | 2 years ago

Business Travel

Concur Co-Founder Is Back With Biz Travel Startup Spotnana

Second seasons often disappoint, but Steve Singh's comeback bodes well for blue-chip corporations. Singh is a business travel icon, and his ideas and energy may rev up the metabolism of travel managers, whether or not they buy into his new startup Spotnana.

Sean O'Neill | 3 years ago

Airlines

All-Star Investors Katzenberg, Thiel, and Tosi Take Stake in Travel Startup Flyr

The WestCap Group has led a $150 million round in Flyr, a startup that helps travel companies boost their revenue. "Mogul management" appears to be the new "revenue management."

Sean O'Neill | 3 years ago

Mergers and Acquisitions

Private Equity Backs Travel Upgrade Startup Plusgrade to Do Acquisitions

Expect more travel tech companies to mimic Plusgrade and get private equity backing to be able to do the acquisitions they need to grow during the recovery.

Sean O'Neill | 3 years ago

Online Travel

Investor Actus to Inject Capital Into This Australian Luxury Online Travel Agency

Luxury Escapes, an e-commerce travel deals business, plans to raise as much as $70 million (A$100 million). Makes sense. Travel companies with capital in hand may be best-prepared for the pandemic rebound.

Sean O'Neill, Skift | 3 years ago

Coronavirus

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

Sean O'Neill, Skift | 3 years ago

Online Travel

Online Travel Hopper’s Metamorphosis From Flight Selling to Fintech

Travel startup Hopper has raised $175 million in additional investment, underscoring the potential of its financial services products and offering an interesting case study in new appetites in travel for fintech. It seems very much in the cards that the company will go public by, say, 2022.

Sean O'Neill, Skift | 3 years ago

Online Travel

Softbank to Buy Stake in South Korean Travel Startup Yanolja

Yanolja means “Hey, let’s play” in Korean. If Softbank agrees to play, the travel startup will have the capital to go on an acquisitions spree to bolster its global reach. That way it will be more likely to have a successful public listing in the U.S. later.

Sean O'Neill, Skift | 3 years ago

EventMB

More Than $770 Million Raised for Event Tech: EventMB Mid-Year Investment Outlook

3 years ago

Hotels

Accor CEO Claims Biggest Pandemic Hotel Investment Bargains Are Still to Come

Big, global hotel companies weren’t exactly pandemic success stories. However, they still want to market the notion there is more value in a global network than going it alone as an independent operator. Getting left out of the expected summer travel boom is what it will take for smaller operators to accept that logic.

Cameron Sperance, Skift | 3 years ago