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Online Travel’s Traveloka Sees Signs for Hope in Southeast Asia Recovery

A pool at the Ritz Carlton Langkawi on Langkawi in Malaysia. It’s set within a 10-million-year-old rainforest on the edge of the Andaman Sea. Ritz Carlton Skift Take: Traveloka says that transactions are back to pre-crisis levels in Thailand and Vietnam, two of its key markets. The resumption of domestic tourism is a hopeful sign […]

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Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

A sign on Wall Street in New York City’s financial district. Thayer Ventures, a venture-capital firm, plans to raise up to $175 million in an initial public offering for a company investing in travel businesses. Adobe Skift Take: This is now the third “blank check” company in three months to say it will buy and […]

Coronavirus and Hospitality ctrip Digital edreams Odigeo edreams odigeo group etraveli google hrs Invia m&a mergers and acquisitions online travel agencies Otravo private equity Startups travel travel startups Travelgenio Travix group Venture Capital Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

A view of Schiphol International Airport in Amsterdam, Netherlands in August 2018. Amsterdam-based Travix has been acquired by online travel giant Group at a time when many smaller online travel agencies across Europe are looking for mergers and acquisitions. Piroschka van de Wouw / Reuters Skift Take: Smaller online travel agencies try to make […]

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Thayer Ventures Closes $80 Million Fund to Back Travel Startups

Chris Hemmeter, managing director of Thayer Ventures, talked at Skift Tech Forum in June 2018. Skift Skift Take: Expect investments in travel startups to hit their lowest levels in total amounts since the global financial crisis a decade ago. But when less capital is chasing deals, persistent venture capital firms may have a better shot […]

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Travel Startups Still Managed to Raise $1.4 Billion During One Turbulent Quarter

Traveloka’s head office in Jakarta. Source: Traveloka. Traveloka Skift Take: Warren Buffett, the billionaire investor, once said that it’s “only when the tide goes out that you learn who’s been swimming naked.” Some of the 57 travel startups worldwide that raised funding in the first months of the year may be about to reveal all. […]

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Should Venture Capital Be Betting on Travel Now? New Skift Research

Empty hotels, like the one pictured here, are the challenge for venture capital investors deciding whether to keep investing in the travel sector. Wendy Li / Adobe Skift Take: Travel is a long-term megatrend because all across the globe people appreciate the value that it brings to their lives. This holds true across a vast […]

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Travel Agency MisterFly Slams Airlines for Delayed or Denied Refunds

Nicolas Brumelot, co-founder and president of Misterfly, poses at the Paris headquarters of his online travel agency. Source misterfly MisterFly Skift Take: Everyone in the travel industry is frustrated right now with much of the world frozen up. But Nicolas Brumelot, the co-founder and president of travel startup Misterfly, speaks for many agencies frustrated by […]

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From Crisis Will Come Eventual Opportunity for Venture Capital in Travel: New Skift Research

Skift Take: We are headed into a winter for travel startups. But travel won’t be gone forever. And history teaches us that startups are often the first to pinpoint our industry’s new direction as we exit a crisis. — Seth Borko Read the Complete Story On Skift

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GetYourGuide, Omio, Other Travel Tech Startups Hunker Down

A January 2020, photo of Johannes Reck, Managing Director and co-founder of GetYourGuide, sits in front of the company logo after a panel discussion on the occasion of the visit of Federal Minister of Economics Altmaier to GetYourGuide’s office in Berlin. GetYourGuide is an online travel agency. Christoph Soeder / Bloomberg Skift Take: GetYourGuide top […]

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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, […]