ūüö©¬†News from Stayfolio + TravelPerk + Airasia

‚Üí Subscribe to our newsletter for a weekly curation of the top travel news, straight to your inbox.

Here is your weekly overview of what’s going on:

  • After experiencing some 300% revenue growth during 2020, the South Korea-based travel startup¬†Stayfolio¬†has raised $4.5 million¬†in Series A funding to expand their accommodation platform.‚úą Over the last year, it’s become clear that sustainability is now more important than ever for business travellers. Businesses have been taking stock and realising that we all have to do more in terms of our environmental impact. You can check¬†out¬†TravelPerk¬†leading sustainability solution¬†GreenPerk¬†that allows companies to offset their business travel carbon footprint¬†through contributions to environmental projects around the world.¬†
  • While we are at it: This week¬†TravelPerk¬†announced the acquisition of¬†ClickTravel, the biggest travel platform in the UK. This is TravelPerk’s third and largest acquisition to date and this investment validates¬†their strategy of growth¬†and market consolidation. Awesome!¬†
  • On an American-to-American deal,¬†Amtrak¬†negotiated 83 new trains from¬†Siemens Mobility¬†this week. We are talking about¬†very¬†modern trains, ready to replace some 50 year old rail cards and give passengers a comfortable travel experience, with the latest¬†in sustainable and intelligent rail technology. Great to see action (and money!) going in this direction: the deal represents a $7.3 billion investment!¬†Seems like our¬†“new normal” might include more people traveling by train in the near future, uh?¬†
  • The US-based Luxury travel subscription company¬†Inspirato¬†is going public¬†through a merger with¬†Thayer Ventures Acquisition Corp.¬†This¬†deal gives the combined company an estimated enterprise value of $1.1 billion.‚úą¬†Airasia¬†is going into new markets.¬†If launching 15 different non-airline products was not enough to show that, it does get clear with the acquisition of¬†southeast Asia‚Äôs leading mobile payments app Gojek‚Äôs business in Thailand. According to the CEO, their ambition is to be “a leading challenger super app” – and well, this just gets them one¬†turbo¬†step closer to that.That’s it for today,¬†. If your company also has interesting travel-related news to announce, feel free to reach out to me via email.