JetBlue is looking ahead to cooler temperatures and putting fall fares on sale with one-way tickets starting at less than $40.
30.07.2024 - 21:44 / skift.com / Dennis Schaal
Trivago announced Tuesday that it acquired a 30% equity interest in Holisto, which uses “split and match” technology to create novel hotel deals, for $10 million. Trivago said it has the option to buy the remaining 70% of the company within 15 months.
The maximum price for the remaining 70% would be $60 million, Trivago stated. The company would be able to pay it in cash and stock, although the shares can’t represent more than 50% of the purchase price.
Trivago described Holisto Ltd., based in Rishon LeZion, Israel, as “an artificial intelligence driven travel technology platform that serves as a hotel rate aggregator and white-label booking engine provider.”
Holisto, which has been in development for at least a half-dozen years, says it uses machine learning to combine several hotel bookings for travelers at various rates for the duration of a stay to “create all kinds of amazingly attractive hotel deals.”
It claims to also provide a value add for hotels, enabling them to offer new deals “that are listed as ‘sold out’ on other websites.
Trivago will likely provide more details about the deal in its second quarter earnings call on Wednesday.
For Trivago, a Germany-based hotel price comparison site majority owned by Expedia Group, the Holisto deal represents its second foray into hotel bookings – and beyond merely referring customers to third party websites – since 2021 when it acquired Weekend.com.
The 30% investment in Holisto closed today, Trivago stated in a financial filing.
JetBlue is looking ahead to cooler temperatures and putting fall fares on sale with one-way tickets starting at less than $40.
Gloria Gonzalez, a travel agency account manager in Fort Worth, used to fly back-to-back business trips as a travel manager before the pandemic.
Archer Aviation has now raised over $1.3 billion and has buy-in from auto manufacturer Stellantis, United Airlines, Southwest Airlines, and more.
San Francisco’s culinary stars took the stage last week at the 2024 MICHELIN Guide to California ceremony, where 28 of the city’s restaurants earned prestigious MICHELIN stars. Three new restaurants received their first star, while one restaurant achieved its second star this year.
Just like gas and groceries, theme parks keep getting more expensive. We at TPG are always on the lookout for ways to help you save money when you visit a theme park, but even we couldn't have dreamt up a season pass that allows entry to dozens of theme parks for a full year for less than $200.
It may still feel like the dog days of summer, but Vail Resorts is making sure skiers are ready for the slopes thanks to its famed Epic Pass.
Bermuda-based carrier BermudAir is making it easier to plan an epic vacation for two by offering complimentary companion tickets for fall getaways.
Allure of the Seas is getting a $100 million makeover.
On Saturday evening at the Disney Experiences Showcase during D23: The Ultimate Disney Fan Event, Disney Experiences Chairman Josh D'Amaro revealed dozens of new lands, attractions and experiences coming to Disney parks across the globe.
Western Air, The Bahamas based commercial airline announces the launch of daily, direct flights between Freeport, Grand Bahama and Fort Lauderdale Florida. The highly anticipated route begins Thursday, August 22, 2024 and will mark the airline’s second route connecting South Florida with the islands of The Bahamas. With a brief flight time of approximately 25 minutes, Western Air’s direct flights will offer both frequency and easy accessibility for Grand Bahama and South Florida residents seeking to enjoy a close, affordable getaway. Free checked bags are included up to 40 lbs.
At the urging of labor activists in the late 19th century, Congress declared a national holiday on the first Monday in September to celebrate the hard workers of the United States. Now, 130 years later, Labor Day has become more widely known as a three-day weekend celebration that officially ends summer. And it's often seen as travelers' last chance to hit the open road, hop on a plane or book a staycation at a nearby hotel to grab one last dose of sunny R&R before the kids go back to school, the days grow shorter and pumpkin spice season begins.
When 2020 hit with all of its uncertainties, I knew there was no better time to start van life.