Travel Zone

Business Travel

Cleartrip, Flipkart | April 16, 2021

Flipkart announced on Thursday that it has agreed to acquire Cleartrip, an online travel and hotel ticketing firm, as the Walmart-owned e-commerce firm seeks to expand its offerings in the world's second-largest internet market. According to a person familiar with the matter, the deal values 14-year-old Cleartrip, which raised approximately $74 million before the acquisition, at approximately $40 million. Cleartrip, like most other travel companies, is under immense stress as ...

eDreams ODIGEO | October 20, 2020

eDreams ODIGEO, Europe's largest online travel company and one of the largest European e-commerce businesses, today announced the launch of a unique, AI-powered travel trends service that provides unparalleled insights on global industry trends and anonymised consumer habits. This service, led by the Media Services department, is primarily aimed at supporting tourist boards, policy makers and local governments to develop successful visitor experience strategies on a local, regio...

Industry Outlook

Novacap, Plusgrade | September 18, 2021

Gaining a foothold into the highly lucrative ancillary revenue market, leading Canadian private equity firm Novacap, announced today that it acquired a substantial equity interest in Montreal-based Plusgrade, the global market leader in upgrade technology and a key ancillary revenue partner for their more than 70 partners in air, cruise, and rail. Founded in 2009, Plusgrade helps airlines, cruise lines and rail operators manage and optimize revenue generated from seat upgrad...

PhocusWire | January 14, 2020

SAP Concur is shuttering metasearch engine Hipmunk, which the company acquired in 2016. SAP Concur says it is “retiring” both the consumer-facing Hipmunk product as well as travel and expense product Concur Hipmunk and will stop supporting the brand on January 23. The company says it notified employees of the decision this morning (January 14) before communicating the news to its customers and partners; SAP Concur says there will not be layoffs, and “employees who are currently...