A $200 million funding round, coupled with new products from its recently acquired travel division, will see the Singapore startup Nium venture into the U.S.
The Southeast Asian online travel market is a crowded space. The industry players strive to strike a fine balance between creating the appropriate inventory mix, appealing prices and an easy-to-use interface with plenty of local offerings to distinguish themselves.
The superapp is where it's at in Asia, so it's not a surprise to see Singapore's flag carrier broaden its e-commerce playbook. Yet looking worldwide, it's remarkable how many airlines are now going direct-to-consumer in selling non-flight products and services.
Private equity flooded the travel industry during the pandemic, but many startups looked to the government’s Innovate UK arm, which continues to put millions of pounds on the table.
The panic's over. Las Vegas' gigantic venues will soon be back selling things like concrete and computers at full capacity. Which is why MGM's CEO and president William Hornbuckle is looking further afield for the brand's next chapter.
In Skift's top travel stories this week, we covered antitrust concerns about the American-JetBlue partnership, the hospitality industry's insurance woes, a labor shortage as travel rebounds, and we reviewed Kayak's first hotel.
Booking.com clearly operates in Airbnb's shadow in short-term rentals. Although long-term stays are currently a hot commodity, Booking.com is tardy in enabling such capabilities. That's a fitting symbol for the current state of play.