Trip.com Group sees significant bookings uplift across OTA platform
Trip.com Group saw bookings increase more than 70% year over year across its online travel agency platform, the company said.
Announcing its fourth quarter and full-year 2023 results, the company said net revenue was $1.5 billion for the quarter, up 105% year over year. Full-year net revenue was [...]
MakeMyTrip hails best ever quarter driven by high travel demand
India online travel agency MakeMyTrip Group (MMT) has reported its highest ever quarterly gross bookings, revenue and profit for its fiscal 2024 third quarter.
The Gurugram, India-based business reported a 20% increase in gross bookings to $2 billion while revenue increased 26% to $214 million. [...]
Could generative AI make Google Maps a full travel app?
Generative AI has the power to supercharge maps and turn travel planning on its head, according to a report from Lufthansa Innovation Hub (LIH).
In its latest study, LIH says the integration of generative AI with map-based interfaces "not only has the capacity to augment our interactions with t [...]
Online travel agencies gain hotel booking ground in 2022
Online travel agencies and other intermediaries, such as tour operators and destination management companies, regained ground in 2022, according to a report.
SiteMinder has crunched data from more than 100 million reservations last year to reveal Booking.com as the most popular booking channel acr [...]
RateGain rounds out offering with acquisition of Adara
Travel solutions provider RateGain has acquired travel intelligence and intent company Adara through an asset purchase agreement.
The deal includes an upfront payment of $14.6 million as well as a deferred payment of $1.5 million to be paid in a year.
California-based Adara, which was foun [...]
‘The Travel Corporation’ launches carbon fund to reach net zero
With the validity of carbon offset schemes being questioned and consumers confused by the increasing number of sustainability certifications, badges and schemes, it’s hard for travel companies to know the right path to decarbonize their businesses.
One travel organization has decided to tackle [...]
Q&A: Steve Hafner on the development of Kayak for Business
KAYAK quietly launched its Kayak for Business (K4B) corporate travel solution just before the pandemic in late 2019 with a full launch in July 2021.
The product has been developing over the past year but is still treated as a startup within Kayak, according to CEO Steve Hafner.
He talks to Ph [...]
MakeMyTrip’s losses narrow, eyes stronger 2023
MAKEMYTRIP narrowed its operating loss in the fourth quarter of its financial year.
The Indian online travel agency reported a full-year loss of $30 million for the year ending March 31, 2022, compared to $68 million for 2021.
Gross bookings hit $1 billion in the fourth quarter compared to $75 [...]
Travelperk raises $115m round, adds ex-Booking.com CEO to board
TRAVELPERK will have former Booking.com CEO Gillian Tans and General Catalyst's Joel Cutler on its board following another large investment round.
The $115 million Series D comes just nine months after a $160 million investment (also a Series D) in April 2021 bringing the company's total funding [...]
Cryptocurrency in travel: Who will be the winners?
This article first appeared in PhocusWire
THE shock the travel industry has experienced is driving many to look at different ways of doing things post-pandemic.
There is a greater need than ever to remove costs from processes and gain efficiencies, so that the industry can recover fr [...]
