Online Travel Update: Life House Raises Additional $ 60 Million; Another enterprise enterprise platform is slowly emerging; American Airlines offers an alternative to GDS – Corporate / Commercial Law
United States: Online Travel Update: Life House Raises Additional $ 60 Million; Another enterprise enterprise platform is slowly emerging; American Airlines offers an alternative to GDS
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This week’s update features stories from a number of emerging business travel startups, all of whom expect, in one way or another, to take advantage of the expected changes in the travel industry. post-COVID business travel. Is it just me or is business travel starting to get really crowded?
Life House raises an additional $ 60 million
(“Kayak-Backed Hotel Startup Life House Raises New Funding Worth $ 250 Million”, Dec 2, 2021 via Bloomberg – News) (subscription may be required)
Over the past two years, we’ve featured a number of articles on New York-based Life House Hotels, including its operation of Kayak Miami Beach in partnership with the Kayak meta-research platform. Kayak appears to be interested in expanding this relationship as he joins other investors in this latest Life House fundraising round. The tour values Life House, which at the end of November held 51 hotel management contracts, at around $ 250 million.
Another business enterprise platform is quietly emerging
(“Onriva CEO is ready to step out of ‘stealth mode'”, November 23, 2021 via Business Travel News)
Just a few weeks ago, we featured an article on the new business travel platform – Spotnana – quietly emerging from nearly two years of stealth operations. Last week, another business travel platform – Onriva – announced its arrival after nearly five years of stealth operations. Onriva, which offers a business travel marketplace of more than two million travel suppliers and wholesalers, is free to users but also offers paid membership tiers for perks like cash back rewards on reservations and assistance and reporting by agents. Onriva currently sources inventory directly from vendors (including airlines using NDC), online travel agents, GDS, and travel management companies. Using the platform’s artificial intelligence and machine learning, platform users are directed to the ‘best’ travel options while remaining compliant with the corporate travel policies of users’ employers. . Onriva also offers several fintech products that provide platform providers with protection against user fraud, declined cards and chargebacks.
American Airlines offers an alternative to GDS
(“American Airlines allows direct connection via winding tree,” November 19, 2021 via Phocus Wire)
American Airlines has announced that it is offering an unidentified corporate customer access to American’s fares and routes through a partnership with Winding Tree, an Ethereum-based (decentralized, open-source blockchain) platform. With the connection, customer employees will be able to book business and leisure travel directly with American Airlines without going through any middleman.
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