PhocusWire

Don't miss Phocuswright/PhocusWire's SVP of content, Mitra Sorrells, taking Center Stage at The #Phocuswright Conference 2024 next week! Bookmark these sessions in the event app so you won’t miss a moment ⤵️

Acai Travel, a #startup offering #AI tools to optimize travel operations for the agency community, has landed $4 million in seed funding. The company - a PhocusWire Hot 25 Travel Startup for 2024 - has ambitions of using the funding to build an operating system to drive efficiency in travel operations and enhance the traveler experience. Read more on #PhocusWire: https://bit.ly/3O3W7c0 #travelnews #traveltech #travelindustry #travelstartup #traveloperations

Mark your calendar & register now! 📢 #Phocuswright Europe 2025 is at a NEW venue in Barcelona, Spain!

As an experienced investor in early-stage travel tech companies, Thayer Investment Partners' Chris Hemmeter is as excited as anyone that the travel industry value chain is on the verge of a seismic reinvention - driven by generative AI. #GenAI has seen an unprecedented rate of user adoption and a myriad of use cases, and any founders or investors getting it right could be in for a home run. But false positives bloom during the early days of revolutionary times, and the landscape can be tricky for investors and entrepreneurs. Exclusively on #PhocusWire, Hemmeter offers his perspective on specific business cases and investment potential for #genAI startups and scaleups in #travel and #hospitality: https://bit.ly/3YFI4OB #traveltech #travelnews #travelindustry #generativeAI #travelstartups

Amadeus hit group revenue of €1.5 billion in the third quarter of 2024, an increase of 11% year over year. The technology and distribution company reported a 9% increase in air distribution revenue to €724 million while revenue in its air IT solutions increased 14% to €575 million. Read more now on #PhocusWire: https://bit.ly/3O0KFgW #travelnews #traveltech #travelindustry #airlinetech #hospitalitytech

📢 Presenting the Hot 25 Travel Startups for 2025! Since July, the PhocusWire-#Phocuswright team has been narrowing down over 160 #travel #startups, seeking those with standout #innovation, market potential, and #diversity in founders, sectors, and regions. A special thanks to Phocuswright's Michael Coletta for his help in selecting the startups! Learn more about the class of 2025 ➡️ https://bit.ly/3O54vaY

There's still time to register for tomorrow's free #webinar event 👉 https://bit.ly/4fAAxHC Our conversation with Stephanie Atiase from Placer.ai will examine the economic conditions and consumer behaviors that are reshaping today's #hotel industry. Takeaways will include insights into the strongest performing hotel categories, the categories that are most ripe for growth, and the regions of the country with the most untapped demand. #livewebinar #freewebinar #hoteltech #hospitalitytech #travelnews #traveltech #travelindustry

The vision of AirAsia MOVE is simple yet ambitious - a place where customers can book all their #travel needs within a single seamless user experience. “Consumers are looking for more choice. They're not committed to only one carrier,” said Nadia Omer, CEO of AirAsia MOVE in a recent interview with PhocusWire: https://bit.ly/3AwUvUX #traveltech #travelnews #travelindustry #travelbooking #onlinetravelagency

Expedia Group's B2B business - which powers travel distribution for more than 60,000 partners including Walmart Plus Travel, Chase Travel, United Airlines and Mastercard - was the main driver of revenue growth for the company in the third quarter this year. Total revenue was $4.1 billion in the quarter, up 3% year over year, but revenue for the B2B business was up 18% in the period, hitting $1.2 billion. Learn more on #PhocusWire: https://bit.ly/4ekmNjn #travelnews #traveltech #travelindustry

🔥 PhocusWire is excited to present our Hot 25 Travel Startups for 2025: https://bit.ly/4fkAUXf We announced our first cohort of Hot 25 Travel Startups in 2018 and every year since, the combined PhocusWire-Phocuswright team looks for companies who stand out for their innovation and market potential while also focusing on diversity in founders, sectors and geographies. For each of 2025's Hot 25 Travel Startups, sponsored by Allianz Partners, we're sharing details provided by the founders in their own words – a description of the company, strategic goals for 2024 and lessons learned since founding. #hot25 #travelnews #traveltech #travelindustry #travelstartup