Articles tagged “funding”

Two success stories this week: Last year Klook helped travelers book more than five million attractions and activities, making it Asia's booking leader. Meanwhile, major airlines have been adding LocusLabs' maps to their apps at a torrid pace.

Travefy solidifies its business with travel management companies, TravelCar brings its car rental solution to U.S. airports, NIDA Rooms expands its branded budget hotel room model in Southeast Asia, and more news in our weekly roundup.

The bar for success is higher than usual for these companies because of their unlikeliness: an online seller of cruise trips, a traditional "high street" travel agency, a network of freelance photographers, and a maker of eyewear that records 360-degree-video.

This week, TravelTriangle, an India-based online marketplace for travelers and agents, receives a fresh round of funding that brings its total raised to $19.9 million, while Lola, Paul English's startup for giving travel agents technological superpowers, has added $10 million to its Series B.

Last year, AccorHotels took a 30 percent equity share in Oasis, a curated marketplace for luxury rental properties, while also investing in similar concepts like OneFineStay and Squarebreak. This week Oasis received $2.5 million from an "undisclosed investor." We wonder who might that be.

TripActions' funding adds buzz to a category of startups aiming to incentivize travelers to book travel more cheaply, while Bluesmart's fresh funding validates the electronic luggage category.

Airbnb and HomeAway clones are a dime-a-dozen. But we found a handful carving out niche market segments that seem promising. These startups focus on travelers interested in corporate-friendly lodgings, architecture and design properties, Asia's top destinations, and exclusive luxury residences.

Stay Alfred's $15 million Series A funding may pale next to the roughly $3 billion that Airbnb has raised. But the company — which services apartment rentals and aims for hotel-quality service — is part of a thriving wave of vendors providing an ecosystem of services around short-term urban rentals.

While some entrepreneurs argue that speech, not messaging, is the future of how consumers will communicate with technology, Lola's CEO and co-founder Paul English told Skift last year that messaging is more popular than talking and Lola's latest investment will help it continue to test whether this is true with travelers.

Hopefully meeting and event tech startups get more VC love in 2017 because it's one of the industries that requires the most innovation to keep up with growing worldwide demand.