Short-term rental (STR) and hospitality platform Guesty raised $170 million in a Series E funding round to fuel the company’s growth and new product development as demand escalates across the industry and hospitality operators seek more support. The latest infusion of capital was led by...
Choice Hotels has launched “Choice Direct Pay,” a system that lets employers make reservations and pay lodging bills for employees traveling on business. The new system eliminates the need for employees to submit, and employers to process, a payment invoice for each overnight stay, according...
Different business travel buyers may have their own priorities when it comes to features such as access to loyalty programs, more spacious seats, Wi-Fi and discounts on leisure travel for employees. With a new platform that United Airlines will launch later this year called United...
Business travel management startup TripActions is working with advisors to possibly file confidentially for an initial public offering (IPO). While there’s no timeline, the startup is weighing a public offering, Bloomberg reported on Thursday (Aug. 4), citing unnamed sources with insider information. Headquartered in Silicon...
German payment intelligence company Fraugster has teamed with French PayTech Worldline to deliver a chargeback protection solution for travel merchants. The solution eliminates chargeback losses for merchants by taking full liability for fraudulent transactions, the companies said in a press release Tuesday (Aug. 2). It...
JPMorgan Chase is putting together its own full-service travel business, The Wall Street Journal wrote Saturday (July 30). JPMorgan has been bought a booking system, a restaurant review company and a luxury travel agent. The bank, one of the flagship U.S. financial institutions, has also built...
There’s some changing of rooms but just one new visitor in this month’s edition of PYMNTS’ Provider Ranking of Travel Apps. Ten competitors have extended their stay in the Top 10, while one new visitor has dropped by — occupying a space left vacant due...
While leisure travel is on the upswing this summer, business travel is giving way to Zoom meetings over zooming jets as flight disruptions and soaring costs find corporates taking a hard look at travel expenses, leaving many wondering if the practice will ever return to...
Heathrow Airport in London is limiting the number of departing passengers to 100,000 per day until September and has asked airlines to suspend ticket sales for the summer. In a message on its website Tuesday (July 12), the airport said the cap on passengers was...
