Travel Magic

TRAVEL TECHNOLOGY

Iteris | December 08, 2020

Iteris, a global leader in smart mobility infrastructure management, has agreed to acquire TrafficCast International that gives travel information technology, for $16 million. Madison, Wisconsin-based TrafficCast recorded following 12-month of $14.6 million and changed EBITDA of $1.2 million for the period ending September 30, 2020. Around 60% of the organization's complete sales is identified with its software product items and is accounted for as annual recurring revenue. Read More

Buying Business Travel | February 06, 2020

Travel buyers will be able to hear from organisations such as SAP, sustainability software provider Accuvio and Climate Perks at the next Climate Action for Corporate Travel Urgent Sustainability Summit. The recently-launched event series, which is also known as or CACTUS, has now released the agenda for its next meet-up, which takes place on 28 February – the day after the Business Travel Show – at LinkedIn’s central London HQ. The day will be opened by climate scientist...

TRAVEL TECHNOLOGY

Spotnana | September 24, 2021

Spotnana Technology Inc.,the first technology company to build an open global innovation platform for travel, today emerged from stealth mode and announced $41 million in funding. The funding includes a $34 million Series A led by ICONIQ and Madrona Venture Group. “Spotnana’s cloud-native unified global platform solves problems that have plagued the corporate travel world for decades and represents a giant leap forward for all participants travel suppliers, travel mana...

HOSPITALITY TRENDS

AKEN Hotels & Resorts | November 08, 2021

Inspired by modern luxury travelers’ aspirations, a new hospitality brand is connecting guests to high-end independent properties that exemplify a destination’s most distinctive, compelling experiences. Luxury hospitality management consulting firm Amek Group launched AKEN Hotels & Resorts earlier this month with a collection of upper-upscale to ultra-luxury independent hotels. In contrast to a soft brand, AKEN aims to disrupt traditional, one-model-fits-all approaches by offerin...