Xiezhu Raises $37 Million for Smart Hotel Tech: Travel Startup Funding This Week

A photo of Haibin Chen, co-founder and CEO of Xiezhu, when speaking in September 2019 at a conference sponsored by the Century Forum at Hangzhou Taixu Lake Hotel. Xiezhu Skift Take: This week, travel startups announced more than $100 million in funding. One company to call out is Xiezhu. It provides software and hardware to … [Read more…]

SiteMinder Gets Funding Boost as Financial Titan BlackRock Bets on Hotel Tech

SiteMinder’s top executives talk at the company’s Sydney headquarters. From right: CEO Sankar Narayan and Co-Founder and Chairman Mike Ford. SiteMinder, a hotel tech startup based in Sydney, has closed a Series C round of funding, led by BlackRock, the world’s biggest money manager. SiteMinder Skift Take: To call a company the best-capitalized hotel tech … [Read more…]

DAQ Soft Raises $5 Million for Smart Tourism: Travel Startup Funding This Week

Chinese lucky wish bags cloak a large tree on Jin Li Alley in Chengdu, Sichuan, China, near the headquarters of Daqi Software, which provides services for commerce at tourism destinations like this one. Daqi raised funding this week. David Stanley / Flickr Skift Take: This week, travel startups DAQ Soft, The Guild, Shep, Hellotickets, Bob, … [Read more…]

The Best-Funded Travel Startups Through the End of 2019

This November 17, 2016, photo shows Airbnb Founders, from left to right, Nathan Blecharczyk (now chief strategy officer and chairman of Airbnb China), Joe Gebbia (now head of product development team Samara), and CEO Brian Chesky speak onstage at the Airbnb Open event in Los Angeles. Airbnb is the best-funded travel startup in the world … [Read more…]

Domio Raises $50 Million for Apartment-Style Hotels: Travel Startup Funding This Week

Shown here is an interior unit at Domio Downtown Miami, a collection of apartments furnished, managed, and rented out by Domio. The hospitality brand disclosed this week that it has raised $50 million in Series B equity funding. Domio Skift Take: This week, travel startups, including TravelFlan, Beachy, HalalBooking, and GuruWalk, announced more than $63 … [Read more…]

Zeus Raises $55 Million for Extended-Stay Rentals: Travel Startup Funding This Week

From left: Chief Technology Officer Joe Wong, Chief Operating Officer Srini Panguluri, and CEO Kulveer Taggar together co-founded Zeus, a corporate hospitality startup that has raised more than $90 million in funding. Zeus Skift Take: This week, travel startups announced more than $139 million in funding for concepts including extended-stay corporate housing, short-term rental-style pop-up … [Read more…]

2C2P Raises $52 Million for Payments Tech: Travel Startup Funding This Week

Aung Kyaw Moe, founder and CEO of 2C2P, poses for a photograph in Bangkok, Thailand, on Thursday, January 2018. 2C2P is a digital payments platform that has just raised a fresh round of funding. Taylor Weidman / Bloomberg Skift Take: This week, travel startups announced more than $101 million in funding for a range of … [Read more…]

Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing

An example of an Oyo property. Oyo Rooms disclosed details about its financial performance as the hospitality company continues its breakneck expansion while piling up losses. Oyo Skift Take: Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three … [Read more…]

Tencent Bets Big on Ctrip-Backed LvYue Hotel Group: Travel Startup Funding This Week

An image of the lobby of the 69-room Vyluk Hotel in Chongqing, China, which is run by LvYue, a hotel group that’s a strategic investment of Trip.com Group and that received a round of investment led by Tencent this week. Vyluk Hotel Skift Take: Is there anything that Trip.com Group (formerly Ctrip) won’t do? LvYue … [Read more…]

Airbnb Vs. Local Regulators Is a Lopsided Battle

An Airbnb guide to San Francisco. Effie Yang / Flickr Skift Take: The cities and municipalities that are trying to contain the likes of growth-hungry startups like Airbnb have a major disadvantage: Their adversaries have fought this fight multiple times before. — Rosie Spinks Slim Leather Travel Passport Wallet Holder RFID Blocking ID Card Case … [Read more…]