SevenRooms Raises $50 Million for Hospitality Tech: Travel Startup Funding This Week

Some properties in the Mandarin Oriental group use SevenRooms to manage bookings in their hospitality spaces. Mandarin Oriental Skift Take: Despite the crisis, travel startups continue to raise funds. SevenRooms, a guest experience platform for restaurants and hotels, was one highlight this week. — Sean O’Neill Read the Complete Story On Skift

Sonder to Raise $200 Million in Funding for Its Hotel and Short-Term Rental Model

A shot of a Sonder residence. The company expects to raise $200 million as part of a Series E funding round set to close soon, as the boutique hotel-style lodging startup booms. Sonder Skift Take: Sonder is now the second unicorn in the short-term rental and hotel sector after Airbnb. At this rate, Sonder will … [Read more…]

TripActions Raises $125 Million for Corporate Travel: Travel Startup Funding This Week

TripActions co-founder and CEO Ariel Cohen, left, with co-founder and chief technology officer Ilan Twig. TripActions Skift Take: The latest batch of travel startups to raise funding has focused on themes of corporate travel, integrating mobility services like airport transfers into travel apps, giving hotels guest engagement tools, aggregating destination experiences, and providing technology for … [Read more…]

Journera Raises $11.6 Million for Data Sharing: Travel Startup Funding This Week

LaGuardia Airport in New York City at sunset. JumpStory Skift Take: Travel startups funded this week include a data exchange platform, a direct booking solution for hotels, an intercity bus service, a listing service for recreational vehicles, a service for virtual experiences, and a ticketing tool for activities operators. — Sean O’Neill Read the Complete … [Read more…]

Vacasa Grabs $108 Million in New Funding Led by Private Equity Investor Silver Lake

A mountain cabin in Sevierville, Tennessee, that’s managed by Portland, Oregon-based property rental management service Vacasa. Vacasa Skift Take: The coronavirus pandemic made some travel companies seem like dominoes stacked too closely together. But private equity will help some businesses like Vacasa escape this crisis without toppling over. — Sean O’Neill Read the Complete Story … [Read more…]

Trip.com Group’s Venture Arm Bets on GreenCloud Hotel Tech: Travel Startup Funding This Week

The Wuhan Narada Grand Hotel, part of the Narada Group, a chain that uses the services of GreenCloud, a hotel tech company that has raised another round of funding. Narada Group Skift Take: Travel startups that have raised fresh funding include GreenCloud, a hotel software firm, Bobobox, a pod hotel brand, React Mobile, a maker … [Read more…]

Hostel Provider Selina’s New Funding Will Allow It to Survive Crisis: CEO

Selina Playa Venao, one of the hotel and co-working company’s properties in its home country of Panama. Selina Skift Take: Selina grew up in a time when private market investors were willing to fund millions in early losses. Money papered over missteps. But managers now face an era that requires strict management discipline. Can it … [Read more…]

Frontdesk Raises About $6 Million for Short-Term Rentals: Travel Startup Funding This Week

Frontdesk, a short-term apartment rental manager, has closed a $6.8 million Series A round in a mix of debt and equity. Frontdesk Skift Take: This week, travel startups announced about $9 million in funding. Lucky companies include Frontdesk, a short-term apartment rental manager, ZuBlu, a booking service for underwater adventures, Arcis Tours, which runs BLive-branded … [Read more…]

Itilite Raises $13 Million for Business Travel Management: Travel Startup Funding This Week

The co-founder of Itilite, a business travel management startup. From left: CEO Mayank Kukreja and Anish Khadiya, chief business officer. Itilite Skift Take: Itilite, a business travel management startup based in India, differs in emphasis from companies like TripActions and Travelperk. It’s notable for focusing on mid-size to large companies, rather than small businesses. It … [Read more…]