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Articles tagged “news blog”

News Blog

Tripbam Doesn’t See Recession Signs in Business Travel Data Yet

The research arm of investment bank Truist reported on a conference call it held with corporate travel data company Tripbam. Takeaways included that any indications of a recession have not yet shown up in business travel bookings and pricing data. Tripbam believes 15 percent of business travel may never fully recover but that is better than the…

Sean O'Neill | 2 years ago

News Blog

Startup Volantio Closes $6 Million Funding Round With Help From Alaska Airlines and JetBlue

Volantio, an optimization startup that has many airline customers, said on Thursday it had closed a $6 million Series A fundraising. DiamondStream Partners, an aviation and aerospace venture capital firm, led the round in the Atlanta-based company. Alaska Airlines, one of Volantio's customers, also took an equity stake. JetBlue Technology Ventures, IAG, Amadeus Ventures, and…

Sean O'Neill | 2 years ago

News Blog

Southwest CEO Robert Jordan to Become the Airline’s President, Too

In a securities filing on Thursday, Southwest Airlines said Bob Jordan would succeed to the position of President of the company on January 1, 2023, while also retaining the role of CEO he has had since earlier this year. Jordan, a 34-year-old veteran of the company, will step into a role being vacated by Michael…

Sean O'Neill | 2 years ago

News Blog

Accor Expects Fatter Earnings Than Forecast and Plans to Sell HQ for $450 Million

Accor, the Paris-based hotel group, said on Wednesday it would return to breakeven before the end of the year for its sales, marketing, distribution, and loyalty activities for owners of its branded hotels. Accor said robust sales and earnings this summer along with tight control of costs had led the group's management to raise its…

Sean O'Neill | 2 years ago

News Blog

Guesty Buys Two Hospitality Software Companies as Acquisition Spree Continues

Guesty, a startup that simplifies the operation and marketing of short-term rental and vacation rentals, said on Wednesday it had acquired two companies — Kigo and HiRUM — to expand the brand's position in Southern Europe and Australia. Guesty, based in the U.S. and Israel, didn’t disclose the transaction details. Kigo and HiRUM have "thousands of customers"…

Sean O'Neill | 2 years ago

News Blog

Standard Hotels Bets Big on Thailand

U.S. hotel operator Standard International is betting on Thailand’s post-pandemic tourism recovery. Bloomberg said Standard is hoping to power an expansion in Asia that will see it open properties in popular and less-explored destinations. Thai developer Sansiri is the majority owner of Standard. The plan is to open boutique hotels under the flagship brand ‘The Standard’ in the seaside resort…

Sean O'Neill | 2 years ago

News Blog

President Biden Calls for Airlines to Reveal All Fees Upfront

During a press conference on Monday, President Joe Biden endorsed a new proposal from the U.S. Transportation Department that would make airlines disclose relevant fees early in a consumer's shopping process. (See full document, below). "You should know the full cost of your ticket right when you're comparison shopping," Biden said in brief remarks. He…

Sean O'Neill | 2 years ago

News Blog

Hyatt Hotels to Debut Atona Brand in Japan That Distills and Updates Ryokan Concept

For centuries, Japan has offered ryokans, which are minimalist guest houses typically located near onsen, or natural hot springs used for bathing. Hyatt Hotels said Wednesday that it planned to launch a new brand, Atona, that will distill the elements of traditional ryokans while adding some modern comforts. Hyatt has entered a fifty-fifty joint venture…

Sean O'Neill | 2 years ago

News Blog

Flyr Labs Buys Pribas to Enhance Airline Retailing and Fare-Selling

Flyr Labs, an LA-based company that sells software to airlines to help them with setting fares and related services, has bought Pribas, a German company that helps airlines with related functionality. The companies didn't disclose the deal terms. Airlines such as Condor and SunExpress use Pribas’ retailing and integration platform to "create new fare choices at…

Sean O'Neill | 2 years ago

News Blog

Kenya’s HotelOnline, Backed by Yanolja, Buys Hotel Software Brand HotelPlus

HotelOnline, which is based in Kenya and has more than 6,000 hotel clients for its software, has acquired HotelPlus, a provider of hotel software to 2,200 clients in East Africa, the companies said on Monday. The companies didn't disclose the terms of the deal, other than to say that the transaction was mainly done in…

Sean O'Neill | 2 years ago