SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday. The hotel aggregator is looking to list in India’s financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion [...]
Skift and Amazon Web Services (AWS) collaborated in summer 2021 on a global research study of global travel leaders to produce the 2021 Digital Transformation Report. Building on the insights from a survey of over a thousand travel industry leaders across a diverse range of sectors in North America, Europe, Asia- Pacific, and Latin America, [...]
After operating in stealth mode since late 2019, a new corporate travel platform called Spotnana is launching this week with $41 million already raised and several industry veterans involved as investors, advisors and executives. Spotnana co-founder and CEO Sarosh Waghmar, founder of travel management company WTMC, says the cloud-native, API-friendly platform is “not just a [...]
A Series C round of $150 million from a string of high-profile venture capital organizations has been secured by Flyr. The U.S.-based company has won the backing from lead investor and growth equity company WestCap. Others participating in the round include Silver Lake Waterman, WindrCo, Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures and Gopher Asset Management. It [...]
At a time when the industry confronts extraordinary challenges, The Phocuswright Conference "Travel's Reinassance" promises to be the platform that inspires innovative and smart thinking for global travel leaders and innovators. They will host industry leaders in person this year. Expect valuable face-to-face networking opportunities, cocktail receptions, opportunities to collaborate and catch up, and the [...]
Beonprice has been cooking something great for a long time. Thanks to their relationship with travel industry players like you, in recent months they have been able to listen carefully and work hard to evolve with them. They are going to share their new and refreshing recipe on REV_OLUTION - an international hybrid event broadcast [...]
The UK has made long-awaited changes to its listing rules for SPACs, loosening regulations to more closely mimic major global markets in hopes of luring blank-check companies to London. But will it work? The bulk of European SPAC vehicles this year have opted for Amsterdam, and the UK may face an uphill battle to pitch itself [...]
El Foro Preferente acoge el mayor encuentro de líderes de la industria turística para debatir sobre los principales temas que copan la agenda del Sector que sustenta la economía española y mundial. El Foro Preferente abordará en Madrid el horizonte de las agencias y los turoperadores, el vigor y flaqueza del sector turístico, y la [...]
Se ha celebrado la IV edición del congreso de referencia en el sector turístico español, ITH Innovation Summit, con una inmensa acogida. La bienvenida e inauguración ha corrido a cargo de Víctor Badorrey, director de relaciones institucionales de SEGITTUR; Natalia Bayona, Director of Innovation, Education, and Investments de World Tourism Organization (UNWTO); y Javier García [...]
TUI will raise €1.1 billion by selling new stock, making it the latest travel company to tap investors for cash to reduce a giant pandemic debt pile. The share sale, at a discount price of €2.15 each in a rights offering, will allow the world’s biggest tour operator to reduce its draw on a state-backed [...]
