Culture Trip Struggles to Justify Massive Investment

Kris Naudts, founder and CEO of Culture Trip. The company has taken more than $100 million in investment. Culture Trip Skift Take: We get it, startups often have to accept substantial losses in order to quickly expand a particular business. But given the size of Culture Trip’s revenue and the market in which it operates, … [Read more…]

SoftBank Invests in Brazil’s Buser: Travel Startup Funding This Week

A Buser intercity charter bus is shown here in a parking lot in Brazil’s capital city of São Paulo in early 2019. Buser is a startup that plays matchmaker with travelers looking for intercity travel in Brazil and charter companies that can respond on-demand. Buser Skift Take: By investing in bus booking company Buser, SoftBank … [Read more…]

Hotels Are Finding Cheaper Ways to Connect to Tech Vendors

A view of the Camino Real Hotel catering to a tourist crowd in Acapulco de Juárez, Mexico. The property belongs to Grupo Real Turismo, a hotel company that is using the startup Impala to connect to third-party vendors. Grupo Real Turismo Skift Take: Hotel tech innovation has been partly hampered by high tolls that property … [Read more…]

Aero Raises $16 Million for Air Service for Millennials: Travel Startup Funding This Week

Aero CEO Uma Subramanian is shown here speaking on the Wheels to Wings panel at a ClimateOne event in San Francisco in August 2019. The company has raised $16 million in funding for next-generation chartered air service. Aero Skift Take: This week, the startups Aero, TravelBank, Impala, Quicko, and Fyle together announced more than $45 … [Read more…]

Unbabel Raises $60 Million for Translation Services: Travel Startup Funding This Week

Some workers at the Lisbon office of Unbabel, a translation service provider that has received more venture funding. Unbabel Skift Take: In the past week, travel startups raised more than $100 million in funding. The companies Unbabel, Beyond Pricing, Travel Easy, Air Doctor, Seatfrog, Cruisewatch, HappyOrNot, Landline, Planet O, and Go Zayaan look to go … [Read more…]

Traveloka to Launch Credit Card to Complement Its Travel App

Traveloka headquarters in Jakarta, Indonesia. Traveloka Skift Take: After changing the way many across Southeast Asia book travel, it’s logical that the expansion-hungry Traveloka would make a play into financial services next. — Rosie Spinks U-Shaped Memory Foam Rebound Travel Pillow Neck Support Head Rest Airplane Sleep $12.00End Date: Wednesday Nov-6-2019 1:59:59 PSTBuy It Now … [Read more…]

Chengjia Raises $300 Million for Short-Term Rentals: Travel Startup Funding This Week

A two-bedroom “aparthotel” from Citadines in Xi’an, China. Citadines Aparthotel is one of the brands of Chengjia, a company that raised $300 million in Series B investment this week. Citadines Aparthotel Aparthotel Skift Take: This week, travel startups announced more than $433 million in funding. Companies included Chengjia, Holidu, AvantStay, WanderJaunt, Lavanda, Kambr, Amenitiz, and … [Read more…]

Volocopter Raises $55 Million for Flying Taxis: Travel Startup Funding This Week

VoloCity is an aircraft that that might carry two people plus luggage for about 50 miles. It is the lead product of Volocopter, a German startup that has just raised $55 million in additional funding. Volocopter Skift Take: This week, travel startups Volocopter, Atlas Obscura, KKDay, AmazingCo, Living Map, Sojourn, and Davinci Travel Systems announced … [Read more…]

Hotel Engine Raises $16 Million for Business Travel Booking: Travel Startup Funding This Week

A whiteboarding scene from the new Denver headquarters of Hotel Engine, a startup that offers online lodging management for businesses. Hotel Engine has raised $16 million in Series A funding. Hotel Engine Skift Take: The funding of business travel management startup Hotel Engine underscores how there’s a lot of money and energy pouring into the … [Read more…]

Smartair Raises $6 Million for Dynamic Packaging Tech: Travel Startup Funding This Week

Israel’s Jaffa Port, with Tel Aviv’s hotels in the background. Smartair, an Israeli travel startup, has raised a $6 million round of funding. Dana Friedlander / Israel’s Ministry of Tourism Skift Take: This week travel startups announced more than $46 million in funding. Of note, two of the companies, Smartair and Tastemakers, are making bets … [Read more…]