Startups

Room 77 Investors Lost Half of Their Investment, Employees Got Nothing

Like Hipmunk, Room 77 had an innovative product and talented team but ran into a buzz saw: the marketing clout of Google preferencing its own products, and Expedia, Booking.com and Kayak. Don't feel sorry for the venture capital firms receiving just 53 cents on the dollar. That's the game they play. The real losers are the angel investor and employees, although we're sure for many it was quite a ride nonetheless.

New Skift Trends Report: Venture Investment Trends in Travel 2017

The very nature of investment in the travel startup space remains complicated. A lot of hype but also plenty of opportunity and big payouts for those who can bring together the right tech, the right user experience, for the right market segments. This report delves into what has worked and what investors should be paying attention to moving into 2017.

TripAdvisor Leads Funding of Social Dining Service EatWith

Restaurants and other in-destination experiences for locals and travelers will play an increasingly important role in TripAdvisor's future over the next few years. They enable TripAdvisor to diversify away from casual leisure travelers toward restaurant and tour patrons who might book way more frequently.