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Airlines
Surf Air's debut on the public markets will put to the test two big questions in travel: the validity of electric planes and subscription membership models.
Kannaki Deka, Reuters | 2 years ago
News Blog
The world’s biggest corporate travel agency has seen record growth in its customers spending. In line with (most) other travel industry earnings results, American Express Global Business Travel has seen a significant bounce back over the past few months. The agency reported a 454 percent increase in total transaction value for this year’s, compared to…
Matthew Parsons | 2 years ago
Startups
This week, Germany's Raus topped up its investment to attract more city dwellers and nature enthusiasts to its cabin getaways, while Mondee secured $20 million as it gears up to go public.
Travel Technology
Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.
Sean O'Neill | 2 years ago
Business Travel
The corporate travel agency’s management team was fairly bullish during an investor day at the New York Stock Exchange on Tuesday, but can anyone really predict the true shape of business travel in the next year or two?
Interest in special-purpose acquisition companies, or SPACs, has fizzled. The sell-off in market silliness could mean that investing in a profitable leisure travel wholesaler like Mondee via a SPAC is no longer a high-risk calculation.
Short-Term Rentals
Hey, when opportunity knocks, answer the door if you think there is an ample addressable market. That's what Inspirato did as it develops a corporate rewards or incentive program and seeks to broaden its products into flights and adverture travel, as well.
Dennis Schaal | 2 years ago
Sonder began feeling an adverse impact from the Omicron outbreak in late November 2021, and that spilled over into January and February, hurting its booking numbers. Still, the forecast is for a 2022 revenue jump of 100 to 110 percent as it inks new deals in more lucrative markets.
Online Travel
Less than a year ago, a Tripadvisor pitch deck about Tripadvisor Plus touted its "multibillion dollar revenue potential." Despite the company expressing confidence in Plus when it scrapped its business model in September, Tripadvisor admitted last week "we haven't found the product-market fit that we're looking for."
Hotels
Unlike Airbnb and Vrbo, which have struggled at times to attract ample numbers of hosts to meet demand, Inspirato and its subscription model play in a more focused space. Although there is plenty of competition, there are tons of potential home leases to lay siege for around the world where the monied set want to jet and play.
