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Jun 29Wed
  1. SAP Concur Blog

    SAP Concur Survey: Travelers' Requirements for Return to Business Travel

    A survey commissioned by SAP Concur and conducted by Wakefield Research in April–May 2021 polled 3,850 business travelers across 25 global markets and 700 travel managers in seven markets. It found 96% of business travelers are willing to travel for business over the next 12 months, including 65% very willing. 68% are pushing for a return to business travel, while just 32% feel their company is requiring it. Flexibility is now the most pressing need, ahead of vaccination-related demands (72% vs. 62%). 89% plan to add personal vacation time to business trips. If companies fail to meet health and safety expectations, 31% would ask to limit travel and 20% would look for a different position.

Nov 15Mon
  1. PhocusWire All News

    PhocusWire Releases Hot 25 Travel Startups for 2022

    PhocusWire released its annual Hot 25 Startups for 2022 list on the first day of The Phocuswright Conference. According to Phocuswright's 2021 State of Startups report, travel startups added $5 billion in capital from investors in the first three quarters of 2021. The list favors early-stage startups, nearly all no more than five years old, with momentum and innovation potential, spanning sectors from pricing and revenue management to airports and corporate travel, and covering themes such as sustainability, inclusion, blockchain and alternative accommodations.

Oct 4Mon
  1. PhocusWire All News

    PhocusWire Pulse Focuses on Rentals On The Rise

    The sixth PhocusWire Pulse virtual event took place on September 27, 2021, focusing on rapid progress in the alternative accommodation sector. Supported by Salesforce, the program covered technology, targeting niches, business travel, policy and regulation, and customer acquisition. Speakers came from Airbnb, Rentals United, RVShare, Salesforce, CuddlyNest, Phocuswright, AnyPlace, HomeToGo and Transparent.

Nov 16Mon
  1. PhocusWire All News

    PhocusWire Releases Hot 25 Travel Startups for 2021

    PhocusWire released its Hot 25 Startups for 2021 list, supported by Salesforce. The list highlights startups that survived the onset of the pandemic and can thrive in 2021, with criteria including ability to grow customer base and expand geographically, product innovation and leadership quality. All featured companies were created in the last five years. The article notes the sector may need at least another 12 months to return to 2019 leisure travel volumes, and business travel may have a very different future.

Nov 18Mon
  1. PhocusWire All News

    PhocusWire Releases Hot 25 Travel Startups for 2020

    PhocusWire and Voyager HQ released the Hot 25 Startups for 2020 list. Highlights from 2019 include Beyond Pricing raising $42.5 million, TravelPerk closing a $104 million Series C with bookings growth over 300%, Lonely Planet acquiring TRILL, LuggageHero merging with Knock Knock City, and OYO raising $1 billion in a Series E. Phocuswright's report shows overall travel startup funding reached $5.7 billion in 2018, up 55% year over year, with 40% going to B2B travel services.

Nov 12Mon
  1. PhocusWire All News

    PhocusWire and Voyager HQ Release Hot 25 Startups for 2019

    PhocusWire and Voyager HQ released the Hot 25 Startups for 2019 list. The article notes investment in travel startups exceeded $8 billion in 2017, and Phocuswright research indicates $36 billion in overall M&A deals and funding between 2015 and 2016. Corporate innovation programs such as Amadeus for Startups, JetBlue Technology Ventures and Ctrip's Oasis Labs increased investments, with such deals rising from 18 in 2013 to 88 in 2017. Airlines invested in four times as many startups in 2017 as in 2016.