Short-term rental (STR) and hospitality platform Guesty raised $170 million in a Series E funding round to fuel the company’s growth and new product development as demand escalates across the industry and hospitality operators seek more support. The latest infusion of capital was led by...
Uber has plans to boost rates in the U.K., with a 5% increase in London fares as the company tries to draw in more drivers, a Bloomberg report said. The prices will be boosted by different rates depending on the city, and Uber’s goal is...
Choice Hotels has launched “Choice Direct Pay,” a system that lets employers make reservations and pay lodging bills for employees traveling on business. The new system eliminates the need for employees to submit, and employers to process, a payment invoice for each overnight stay, according...
Different business travel buyers may have their own priorities when it comes to features such as access to loyalty programs, more spacious seats, Wi-Fi and discounts on leisure travel for employees. With a new platform that United Airlines will launch later this year called United...
The paycheck-to-paycheck pain has us all reining in spending — and disconnecting a bit. Literally. And staying off the roads. And the electric scooters. We’re hailing Uber and Lyft drivers a bit less often too. In the most recent ConnectedEconomy™ report, “Paycheck to Paycheck Consumers...
Specific-purpose payment solutions firm Edenred is collaborating with Visa to introduce a commercial card solution for fleet management expenses. Edenred Essentials is a Visa commercial card specifically for fuel, electric vehicle (EV) charges and vehicle expenses, according to a Monday (Aug. 8) press release. “Businesses...
Lyft is introducing a media and advertising unit with a suite of products designed to help brands reach the growing number of people using rideshare services again now that the pandemic is mostly in the rearview mirror. The company has been working to build out...
In Lyft’s Q2 results, the ride-share company saw profits rising as demand surged due to continued reopenings of the economy after the pandemic, a company release said. The company also said it had seen more drivers signing up as people need money with the rising...
Business travel management startup TripActions is working with advisors to possibly file confidentially for an initial public offering (IPO). While there’s no timeline, the startup is weighing a public offering, Bloomberg reported on Thursday (Aug. 4), citing unnamed sources with insider information. Headquartered in Silicon...