Despite clouds of uncertainty looming over the economy and geopolitics, people still want to travel. To meet that demand, Mews, an Amsterdam-founded ‘unicorn’ building an SaaS platform for hotel management, has raised a fresh $75 million. The funding is coming at a crossroad in the travel industry. On one hand are positive signals. Analysts at […]
Hotel management platform Mews books $75M round led by Tiger Global Read More »
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region. Despegar’s board of directors
Prosus buys Despegar for $1.7B, taking a bite out of Latin America’s travel sector Read More »
The tourism and travel industries — after several tough years that included not just a global health pandemic but economic and geopolitical upheaval — are finally back on track, expected to make a “full recovery” to pre-pandemic levels of activity, the UN said earlier this month. As an indicator of that, Hostaway, one of the
Travel is back: Hostaway raises $365M at a $925M valuation Read More »
Global travel continues to gain ground, with the World Travel and Tourism Council predicting the industry will cross $11 trillion in revenues this year. Consumers are evolving from the so-called “revenge travel” of the post-Covid-19 years, dedicating a growing share of their budget to a wider array of experiences away from home. Add AI to
German travel startup Tourlane raises $26M led by Sequoia Read More »
