:
Smiling House and Guesty announce landmark integration
Reading Time: 2 minutesSwitzerland: Smiling House Luxury, an online travel agency [OTA] for luxury vacation rentals, has announced an integration with property management software [PMS] platform Guesty.
Hopper lays off 30 per cent of team to achieve profitability
Reading Time: 2 minutesCanada: Gen Z- and millennial-friendly online travel agency [OTA], Hopper, has laid off 30 per cent of its team [affecting 250 employees] in a bid to achieve profitability.
Icelandic OTA Travelshift raises $10m in fresh funding
Reading Time: < 1 minuteIceland: Icelandic online travel agency [OTA] Travelshift, which specialises in providing technology-driven travel solutions, has announced a $10 million capital raise in fresh funding from existing shareholders.
Brazilian startup Anfitriiões de Aluguel gets first external funding
Reading Time: 2 minutesBrazil: Nexpon, an investment fund of Brazilian media company and regional television network NSC, has invested BRL 1.48 million [Brazilian reales] / over US$303,000 in Anfitriiões de Aluguel, a collaborative network of professional hosts
Campground OTA Spot2Nite notches $3m in Series A funding
Reading Time: 2 minutesUS: Campground industry online travel agency Spot2Nite has closed a $3 million Series A funding round of funding led by a Family Office based in Chicago, Illinois, in addition to several venture firms.
Traveloka secures $300m in financing to fuel growth
Reading Time: 2 minutesIndonesia: Jakarta-based online travel agency and app, Traveloka, has announced that it has secured $300 million in fresh funding.
Despegar set to buy Brazilian OTA ViajaNet for circa $15m
Reading Time: 2 minutesLatAm: Online travel company Despegar has announced that it has agreed to buy Brazilian online travel agency ViajaNet for approximately $15 million.
Koddi announces expansion and partnerships
Reading Time: 2 minutesUS: Ad technology platform Koddi has announced its expansion into new channels, including partnerships with metasearch engines Trivago and Kayak and online travel agency Priceline. The business hopes these new channels will allow its customers to improve website traffic and create value for travel advertisers. Koddi Ads, the company’s advertising programme, leverages the company’s technology, data and […]
OTA Traveloka raises $250m to boost travel confidence
Reading Time: 2 minutesAsia: Jakarta-based online travel agency and app, Traveloka, has announced that it has raised $250 million to enhance its operations during the coronavirus crisis and restore confidence in the “resilience and the viability of the regional travel industry”. The company has declined to disclose who led the round, apart from it being a “global financial […]
France proposes to build OTA to compete with Airbnb, Booking.com
Reading Time: 2 minutesFrance: The French government has announced proposals to build an OTA to compete with Booking.com and Airbnb. The website would be a cooperative effort between the government and the tourism industry. Eric Lombard, the head of French State-controlled financial institution Caisse des Depots & Consignations said to Bloomberg: “This sector has been very much de-intermediated […]