KKday doubles down on Vietnam, sets $100m target by 2023
FOLLOWING its Series C+ round close in July, KKday is setting its sights on Vietnam and says it aims to drive over $100 million for Vietnam's tourism industry by 2023.
The online travel experiences platform said it will focus on working with local merchants to digitise, launch marketing campaigns [...]
The Wrap: Klook, STB join forces on travel recovery, rezio picks payments partner, AirJapan goes with Radixx,
Klook, STB sign deal to drive travel recovery
Klook and Singapore Tourism Board (STB) have launched a partnership to drive travel recovery across South-east Asia and promote Singapore as a destination. The partnership, launched in June 2022, builds on the collaboration agreement signed in 2020 and [...]
No Series B clinched yet, but founders of HalalBooking undeterred in goal to reach $1b target
“Being largely self-funded forces you to make tough choices”
TO raise venture capital or not to – that’s the question the two co-founders of HalalBooking, the UK-based search and booking website for halal-friendly travel, have wrestled with at various points of their eight-year startup jour [...]
International travel drives May air traffic recovery
THE International Air Transport Association (IATA) announced passenger data for May 2022 showing that the recovery in air travel accelerated heading into the busy Northern Hemisphere summer travel season.
Total traffic in May 2022 (measured in revenue passenger kilometers or RPKs) was up 83.1% [...]
With $100m fund, 777 Partners eyes tech startups to “democratise” aviation
Top 1% control 75% of global aviation traffic – “we want to change that”, says Adam Weiss
AVIATION investment firm, 777 Partners, recently acquired two travel technology companies – AeroCRS and WorldTicket. The two companies join a growing portfolio of airlines and travel tech firms, includ [...]
As recovery pace quickens, airlines cut losses to $9.7b
AS the pace of recovery quickens, the IInternational Air Transport Association (IATA) says the airline industry’s losses are expected to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for a net loss margin of -1.2%, an improvement from losses of $137.7 [...]
Yanolja Cloud names David Peller as EVP, launches into f&b with Gusto X
YANOLJA Cloud, the Software-as-a-Service company owned by South Korea’s Yanolja, continues its expansion with the appointment of a global senior leader and a joint venture in the f&b sector.
It has appointed David Peller, formerly managing director, travel and hospitality, Amazon Web Servic [...]
With $70m and fourth acquisition in hand, Bookaway set to take next leap forward
How a honeymoon idea started in Asia, and grew during the pandemic
HAVING raised a total of $70 million in the last 12 months, and finalised a fourth acquisition, Bookaway Group, which wants to be the Booking.com of buses, rail and ferries, is ready to scale its business for the next leap forward. [...]
Strong international traffic propels continuing air travel recovery
AIR travel, driven primarily by international demand, resumed its strong recovery trend in April, despite the war in Ukraine and travel restrictions in China, according to the International Air Transport Association (IATA) .
Total demand for air travel in April 2022 (measured in revenue passen [...]
Global travel search nears pre-pandemic levels; half of top city pairs fully recovered
Amadeus Travel Pulse shows India leading green shoots for travel in APAC
FOR the first four months of 2022, search volumes around the globe have been increasing, almost reaching 2019 levels, according to Amadeus Travel Pulse, which measures air travel search data.
Frédéric Barou, Senior Vice [...]
