Travel Technology

point.me Secures Series a Funding of $10M to Amplify Travel Discovery

pointme-Secures-Series-a-Funding

point.me, a real-time flight search and booking engine using loyalty program reward points on 150+ airlines, has announced a Series A fundraise completion of $10 million. This investment is led by Thayer Ventures and backed by notable investors, including PAR Capital Ventures and Plug and Play Ventures, and will fuel point.me's expansion.

The company plans to enhance its partnerships with leading the US card issuers, grow its premium concierge service, and scale its consumer subscription business. point.me’s platform currently operates in collaboration with major credit card providers like American Express, Chase, and Capital One, offering seamless searches and bookings. This funding will enable deeper integrations with current partners and the establishment of new collaborations, ultimately delivering enhanced accessibility for users.

point.me has amassed over 1.5 million registered users in the initial year, reflecting its remarkable growth. The company's annual recurring revenue has surged by an impressive 1860%. With this latest Series A funding, the company will be strengthening its integration with loyalty rewards programs across all its product offerings. This strategic move will further elevate the user experience and accessibility, cementing point.me's position as a leader in real-time flight booking using loyalty rewards points.

This Series A funding marks milestone in point.me's rapid ascent within the travel industry. In addition, the company had previously secured $2 million in seed funding, led by PAR Capital Ventures, with participation from WndrCo Holdings, Jeffrey Katzenberg, Sujay Jaswa, and a group of executives from Meta and DoorDash.

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OsaBus Seeks Dynamic Partnership with US-Based Tour Operator to Offer Exclusive European Tours

Business Wire | January 30, 2024

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TravelHost Relaunches Brand with New Website and Marketing Initiatives, Eyes National Expansion

TravelHost | January 05, 2024

TravelHost, the premier provider of local news and information for travelers, has unveiled the first step of a comprehensive transformation today with the launch of a new website and multi-media marketing initiative. This is the beginning of a brand revitalization strategy that includes new social channels and the premier of a 15-second commercial that will air on digital and broadcast platforms in Q1 2024. Founded in 1968 as the nation's first in-room hotel magazine, TravelHost was purchased last year by Bridge Media Networks (Bridge Media), a growing media conglomerate, to join a lineup of national media outlets including TV networks NEWSnet™ and Sports News Highlights™ and DRIVEN Autos. Orestes Baez, an industry veteran with more than 35 years of experience in the magazine and newspaper business, was hired as CEO to revamp the TravelHost brand and expand the service markets. Baez has opened six new markets in 2023, including: Nashville and Pigeon Forge, TN; Austin, TX; Virginia Beach VA; Phoenix, AZ; and San Diego and Orange County, CA. TravelHost plans to add 100 additional markets throughout the United States over the next five years. This rapid growth initiative and new marketing strategy highlight the brand's commitment to providing travelers with custom-curated recommendations to eat, shop, play, and stay. "TravelHost has helped families create unforgettable moments for 55 years," said Baez. "We are committed to building the innovative products and services that will help our customers make new memories in the years to come. With deep, hyperlocal expertise driving our business, TravelHost will help any traveler 'live like a local'." The all-new Travelhost.com website, created in partnership with BLOX Digital, boasts intuitive navigation, robust review-style articles, available e-Editions of the printed magazines and an integration with Expedia for hassle-free reservations. Users can also opt-in for a complementary newsletter to deliver the latest local tips right to their inbox. TravelHost will make use of BLOX Digital's full solutions suite, a strategic move aimed at enhancing efficiency and managing costs. "We are delighted that TravelHost has chosen to partner with BLOX Digital," said Brad Ward, CEO of BLOX Digital. "Our team looks forward to helping TravelHost harness the full potential of our fully-integrated platform to expand into new markets, improve efficiency, and boost digital revenue."

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Auberge Resorts Collection Announces Strategic Partnership with Bdt & Msd Partners

PR Newswire | February 02, 2024

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Sonesta Announces First Sonesta Es Suites Ground Up Development

PR Newswire | January 24, 2024

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