Middle East business travel platform Tumodo raises $35M
Tumodo, a Dubai-based startup business travel platform, has raised $35 million in pre-seed funding.
The company said the funding is “co-led by MENA-focused angel investors” and will be used to grow its presence in the United Arab Emirates and to develop its product. And by 2026 it aims to expan [...]
Asia economy class fares up by 21%, but business travel demand continues to grow
According to FCM Travel Asia, business travel is set to maintain its significance in 2024, with corporate travel programs facing scrutiny amid budget considerations. This, coupled with economic shifts worldwide, is set to create a few intriguing travel trends this year, as outlined by FCM’s six pr [...]
Global travel M&A surpasses pre-pandemic levels, 423 deals in the last year
Cambon Partners and VIDEC unveil travel industry's first-ever mergers and acquisitions tracker
Cambon Partners, a Paris-based investment banking firm specialising in mergers, acquisitions, and corporate financing, has collaborated with VIDEC, a Mumbai-based boutique research, consulting, and M& [...]
Asia Pacific corporate travel in strong rebound, technology and digitization will drive future
It was a strong start to the GBTA (Global Business Travel Association) Asia Pacific Summit this week in Singapore as the industry body shared data that showed, all things being equal, the slowest recovering region will reach 92% of pre-pandemic levels by year end.
Suzanne Neufang, CEO of GBTA, ca [...]
Spotnana launches Carbon Removal programme
Partnership with Creturner Group offers “fast, exact, permanent” offset
Spotnana, the world’s first Travel-as-a-Service platform modernising the infrastructure of the travel industry, released today Spotnana Carbon Removal, a new offering that enables corporate travel programs to achieve thei [...]
Wego acquires Travelstop in bid to build first corporate travel unicorn in Asia, Middle East
The first thing Prashant Kirtane, CEO and co-founder of Travelstop, did when he and his team of 26 moved into the Wego office in Singapore was to buy his own coffee machine, even though there were already two coffee machines, laughed Ross Veitch, CEO and co-founder of Wego. “I am used to my own br [...]
Air travel and accommodation costs are high in Asia amidst market turbulence
FCM Consulting's Q2-2023 Global Trends Report highlights challenges and opportunities for corporate travel
The second quarter of 2023 was a period of halves in the global travel landscape, as detailed in the latest Global Trends Report by FCM Consulting. While the Northern Hemisphere witnesses a su [...]
Staying abreast of startups even more critical in corporate travel now
“I come to events to shop”: BCD’s Miriam Moscovici
Miriam Moscovici, vice president of research and partnerships for BCD Travel, is a big believer in staying abreast of startups, which is why she is a frequent attendee of conferences such as Phocuswright and WiT.
“This is where you l [...]
Northstar Travel Group launches The Meetings Show Asia Pacific in 2024, hosted in Singapore
"There was an opportunity to bring our world class experiences to the Asia Pacific meetings market under the established and successful brand of The Meetings Show.”
Northstar Travel Group, the leading B-to-B information, events and marketing solutions company in the travel industry, announces the [...]
Velocity Ventures launches “heartware” initiative targeting various sectors in travel
Corporate Partners Program aims to support the ecosystem by helping startups access industry and innovation professionals.
Velocity Ventures, a prominent investor in travel and hospitality tech in Southeast Asia, is spearheading an initiative to address the challenges faced by the various s [...]
