TravelPerk, a leading player in the corporate travel management sector, has successfully closed a significant funding round, accumulating $200 million. Led by major investors such as Atomico and EQT, this financing initiative has propelled the company’s valuation to an impressive $2.7 billion. This robust capital injection stands as a testament to TravelPerk’s impressive recovery trajectory
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In recent years, all-inclusive resorts have witnessed a formidable change in how bookings are made, particularly affecting group travel. A growing trend has emerged wherein hotels are offering rates through loyalty programs that often undercut the negotiated rates that travel advisors present to their clients. This paradigm shift presents a significant challenge for travel advisors
Nestled amidst the breathtaking peaks of Tirol, Austria, Kühtai is not just a destination for snow enthusiasts; it is also home to some remarkable culinary experiences. Following an invigorating day of snowshoe hiking through pristine landscapes, we discovered one such gem: the Restaurant Jagdschloss. Renowned within the village for its cozy atmosphere and exceptional fare,
New Zealand, often celebrated for its breathtaking landscapes and serene natural beauty, is on the cusp of a significant transformation in its luxury travel sector by 2025. This evolution notably intertwines opulence with sustainability, catering to an elite clientele that increasingly values both indulgence and responsible travel practices. The upcoming trends are set to redefine
Nestled in New York City’s vibrant Flatiron District at 35 West 20th Street, Opto is the latest culinary haven to make its debut. This restaurant emerges from the creative partnership of executive chef Alex Tubero and co-owner Nicola Kotsoni. With past experiences at celebrated establishments like Amali and Union Square Cafe, Tubero has brought his
Super Bowl Sunday has become more than just a major sporting event; it’s a cultural phenomenon that sparks the anticipation for game day feasts across the nation, and particularly in bustling New York City. While many revel in the thrill of attending live events, a significant number of New Yorkers choose to celebrate within the
TikTok has become a significant player in the marketing strategies of many travel advisors and agencies, providing a unique platform for authentic storytelling and client engagement. However, recent regulatory challenges and political controversies surrounding the app have raised concerns and uncertainties about its longevity. The Supreme Court’s recent decision to uphold a ban on TikTok
In recent years, the hospitality industry has seen a substantial transformation, especially in the luxury sector. Hilton’s LXR Hotels & Resorts, a distinctive collection that made its debut in 2018, stands at the forefront of this evolution. With 2024 closing with 13 properties and numerous more openings on the horizon, it is essential to delve
Every year, the New York World Spirits Competition unfolds in Brooklyn, drawing attention from connoisseurs and spirits enthusiasts alike. This prestigious panel not only acts as a significant platform for spirits brands but also serves as a benchmark for quality and excellence in the liquor industry. The recent announcement of the “Best Overall” winners for
When one thinks of Austin, Texas, memories often conjure vibrant nightlife, eclectic festivals, and an iconic food scene that marries Texan and Mexican cultures. Among these diverse offerings lies a hidden gem that embodies the spirit of Austin’s cocktail culture: Trudy’s Mexican Martini. Though I had frequented Austin numerous times, indulging in countless margaritas, it
Carnival Cruise Line, one of the leading names in the cruise industry, has announced significant updates to its booking policies concerning minor guests. Starting from February 1, these changes aim to enhance the safety and oversight of younger travelers on board. While some may argue that parental control is paramount in such settings, others might
The rise and unpredictability of social media platforms have long posed both opportunities and challenges for businesses, especially in niche industries like travel. Recently, travel advisors who have heavily invested their marketing strategies on TikTok have experienced a chaotic month that serves as a reminder of the perils of relying on a single channel. The
In a significant and controversial shake-up, President Donald Trump dismissed 18 inspectors general (IGs) on January 24, marking a striking deviation from traditional practices observed during transitions of presidential power. Among those dismissed were Eric Soskin of the Transportation Department and Cardell Richardson from the State Department, both of whom had been serving in their
The transition from the bustling streets of Innsbruck to the serene, snow-covered terrain of Kühtai is nothing short of remarkable. As our bus ascends through the winding Alpine roads, the air becomes fresher, and the landscape transforms from urban scenery to a breathtaking, wintry wonderland. At 2,020 meters, we arrive at Austria’s highest skiing village,
The U.S. wine industry is undergoing a significant transformation, as highlighted in the 2024 State of the U.S. Wine Industry report. Authored by Rob McMillan, this document serves as a crucial reference point for stakeholders aiming to navigate the complexities of the market. While the report details some stark realities, it also offers a hopeful
The Caribbean is a sought-after destination that continues to capture the hearts of travelers. With its stunning landscapes, rich cultures, and pristine beaches, the region is also the focus of burgeoning hospitality ventures. One such noteworthy player in this arena is Royalton Hotels & Resorts. With an acute understanding of what modern travelers seek, the
The cruise industry is undergoing significant transformation, with companies aiming to diversify their offerings and reach new markets. In this context, the recent acquisition of Aqua Expeditions by Ponant Explorations Group can be interpreted as a pivotal step towards enhancing their global footprint, particularly in the growing sector of river cruising. This strategic acquisition not
Since its inception in May 2021, Breeze Airways has experienced a rollercoaster ride of challenges and developments in the fiercely competitive airline industry. After a prolonged struggle to achieve profitability, the airline recently achieved its first quarterly operating profit for Q4 2024, as announced by CEO David Neeleman. This milestone could signify a watershed moment