Articles tagged “funding”

This week, travel startups announced more than $198 million in funding, including business management startup TravelPerk and a half-dozen other companies.

Destination marketers have put up a positive outlook for 2022 aiming for diversified funding and revenue sources along with some crucial internal changes focusing on stakeholder engagement, targeted marketing, and sustainability initiatives. It is to be seen if the changes contribute to continual recovery and growth.

One of many startups that recently raised funding was Sensible Weather, which creates trip cancellation policies for unexpected storms and temperatures. It's a sign that all the talk about "big data" is delivering useful products at last.

This week, travel startups announced more than $200 million in funding, including GuruHotel, a startup that helps smaller hotels accept direct bookings and market their properties.

AvantStay's move into brokerage services sets it apart from most of its peers. But as Zillow's experience of flipping houses and getting burned highlights, real estate can be a very risky sector.

Easol, which is like a Shopify for experience operators, has gotten backing from top-tier investor Tiger Global. Meanwhile, BookMe, a startup in Pakistan, has also raised money.

This week, several startups of interest to the travel sector announced more than $170 million in funding.

Kayak's investment gets it deeper into the hotel software industry. And it will soon have three Kayak-branded hotels as an everyday test lab.

Peek survived the pandemic when so many tours and activities' operators went into hibernation or worse, and now it has another $80 million in the bank for expansion. With business-to-business software as hot as it is, that's not a bad place to be.

The SiteMinder IPO in Australia served as inspiration for numerous travel tech and data intelligence companies, including OTA Insight. The latter hopes that Spectrum Equity can help OTA Insight make a similar leap.