Virgin Voyages has closed on $550m in new capital raised to support its growth, led by BlackRock Investment Management (UK) Limited. This raise includes new external financing, additional capital from existing investors including Bain Capital Private Equity and Virgin Group, as well as support from existing lenders. The new funding will enable Virgin Voyages to execute [...]
While demand for short-term rentals has showed few signs of waning since the onset of the pandemic – some regions are reporting record levels of demand as of last month – building supply has proven more challenging. But that’s where some players in the space see opportunity. In a panel discussion with PhocusWire news editor Jill Menze, Henrik Kjellberg, CEO [...]
Aero Technologies, Inc. the next-generation premium air travel company, which serves routes in both the US and Europe, today announced a $65M capital raise, $50M in Series B funding and $15M in convertible notes, for a total post-money valuation of $300M. The funding round was co-led by AlbaCore Capital Group, one of Europe’s leading alternative investment firms, and [...]
One of the most frequent questions is what is the optimal number of startup co-founders? This is a tough question given there are so many factors at play. Ilya Strebulaev, Professor at Stanford Graduate School of Business | Venture Capital & Private Equity, has addressed the question. Here is evidence on the number of co-founders [...]
Hopper, the mobile travel booking startup and app that lets users book flights, hotels, cars, and — most recently — short-term home rentals a la Airbnb and VRBO, has been on a fast pace of growth in the wake of Covid-19 travel restrictions loosening up in the last year, with 70 million downloads to date and $2 [...]
The presence of inflation that is uncomfortably higher than the Fed’s stated policy goal of roughly 2.0% fundamentally alters how the Fed can conduct monetary policy. The rise in short-term interest rates, and more importantly, the sharp increase in market expectations of further tightening, has been the primary driver of recent market turmoil. The corresponding [...]
La publicación de este segundo informe de seguimiento de la ejecución de los fondos europeos Next Generation en España refuerza el compromiso de CEOE de contribuir a la maximización de su impacto a través de las siguientes líneas de actuación: • Ofrecer desde la óptica empresarial la situación actual de las inversiones y reformas del [...]
Se trata de un estudio único, realizado por LLYC y Hosteltur, teniendo acceso a la mayor cantidad de datos posible de la red social y el ecosistema digital, gracias a su alianza con Brandwatch, la compañía más pionera del mundo en digital consumer intelligence. Junto a las capacidades de LLYC en analítica de datos, IA, [...]
Initiatives like Mobee which intends to help people with disabilities to travel as much as possible are more than welcome. Also glad to see that a travel veteran as Georges Sans is involved in the project. In this interview at the last Phocuswright Conference Europe Lucas Gebhardt and George Sans talk with Mitra Sorrels. know more
FutureTravel is looking for early-stage startups, from anywhere in the world, which are ready to shape the future of travel. This is a big highlight for the upcoming FutureTravel Summit - it’s an opportunity to shine the spotlight on 10 startups who are ready to innovate the industry, and to connect them with decision makers [...]