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Understanding Airbnb’s summer recovery

Understanding Airbnb’s summer recovery New numbers concerning Airbnb’s summer performance were reported this week, with The Information adding to the performance figures that Bloomberg previously detailed earlier this year. Airbnb announced that it filed privately to pursue a debut this August. We have yet to see its public IPO filing, but, all the […]

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Travel activities platform KKDay raises $75 million Series C as it focuses on “staycations”

Travel activities platform KKDay raises million Series C as it focuses on “staycations” With lockdowns around the world, the COVID-19 pandemic has hit the travel industry especially hard. In Asia, however, several startups are adapting by focusing on domestic activities (or “staycations”) instead of international travel. They include Taipei-based KKday, which announced […]

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Omio takes $100M to shuttle through the coronavirus crisis

Omio takes 0M to shuttle through the coronavirus crisis Multimodal travel platform Omio (formerly GoEuro) has raised $100M in late stage funding to help see its business through the coronavirus crisis. It also says it’s eyeing potential M&A opportunities within the hard-hit sector. New and existing investors in the Berlin -based startup […]

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COVID-19 pivot: Travel unicorn Klook sees jump in staycations

COVID-19 pivot: Travel unicorn Klook sees jump in staycations Spring 2020 was gloomy for Klook. As countries closed their borders and went into complete or partial lockdown, the SoftBank-backed travel platform saw its revenue plummet by as much as 90% through March and April. The World Travel and Tourism Council said in […]

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Even amid the pandemic, this newly funded travel startup is tackling the stodgy timeshare market

Even amid the pandemic, this newly funded travel startup is tackling the stodgy timeshare market The world is rife with me-too startups, which makes it all the more refreshing when a founder comes along that manages to find a broken market that’s hiding in plain sight. That’s what Mike Kennedy appears to […]

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Airbnb ups its debt by $1BN amid the coronavirus travel crunch

Airbnb ups its debt by BN amid the coronavirus travel crunch Airbnb has secured commitments of $1 billion for a syndicated term loan from institutional investors, it said. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with holidaymakers locked down at home and global travel […]

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Expensify CEO shares high-level keys for keeping costs low and managing expenses

Expensify CEO shares high-level keys for keeping costs low and managing expenses David Barrett Contributor Share on Twitter David Barrett is the founder and CEO of Expensify, an expense-management platform with more than eight million users worldwide. As we find ourselves tumbling toward a global financial crisis, every business is taking a […]

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To slow coronavirus spread, EU countries and Russia join the list of countries officially closing their borders to all but essential travel

To slow coronavirus spread, EU countries and Russia join the list of countries officially closing their borders to all but essential travel One of the defining characteristics of the European Union has been its strong policy of taking an open approach when it comes to borders in the region: the EU may […]

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Stocks fall again on continued coronavirus worries

Stocks fall again on continued coronavirus worries Is it good news to say that stocks fell less sharply than they had on previous days? That’s the bright side of another turbulent trading day across the Nasdaq and New York Stock Exchange. The major indices were down again — although their declines were […]

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Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups

Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups It’s the best and worst of times for travel startups. Massive growth over the past few decades has made tourism one of the big global industries, covering everything from recreation to business conferences to shopping sprees. But doubts […]

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