Why Airbnb Won’t Do an Initial Public Offering in 2020

Airbnb co-founder and CEO Brian Chesky speaks during an announcement in San Francisco, April 19, 2016. Airbnb intends to become a pubic company in 2020. Jeff Chiu / Associated Press Skift Take: Airbnb has always put itself out there as not just another startup or your grandmother’s online travel agency. Going the direct listing route, … [Read more…]

Why SoftBank’s Second $108 Billion Vision Fund Matters to Travel

The Japanese conglomerate SoftBank Group aims to raise a total of $108 billion for the second Vision Fund, founder Masayoshi Son announced on Friday. Bloomberg Skift Take: With a second Vision Fund, Japan has emerged as the dominant driver of key technologies, many of which apply to travel and tourism. While the first staked ridehailing … [Read more…]

Boutique Rental Brand Sonder Raises Another $225 Million

A Sonder unit. The company is getting more funding. Sonder Skift Take: Sonder’s hotel-style serviced apartments operate in that sweet spot between Airbnb homeshares and full-on hotels. There are, of course, plenty of rivals doing a similar thing, but this funding round will enable Sonder to expand its business and give it a competitive edge. … [Read more…]

Skift Top Travel Startups to Watch 2019

Skift Take: We’ve pinpointed 25 of the most promising venture-backed travel companies. Check out our list to find a useful partner for your business. — Sean O’Neill Read the Complete Story On Skift

AirAsia Targets Startups With New Venture Capital Fund

AirAsia aircraft stand next to boarding gates at Kuala Lumpur International Airport 2 in Sepang, Malaysia. The top Asian budget carrier said Monday it has launched a venture capital fund in partnership with 500 Startups, a San Francisco-based accelerator and investor. Charles Pertwee / Bloomberg Skift Take: As an airline, AirAsia has led its peers … [Read more…]