Indonesia-based online travel portal, Traveloka, has picked up $250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a “strong vote of confidence” in its strategy to adjust to what it couches as a ‘new normal’ for travel...

Spring 2020 was gloomy for Klook. As countries closed their borders and went into complete or partial lockdown, the SoftBank-backed travel platform saw its revenue plummet by as much as 90% through March and April. The World Travel and Tourism Council said in April that the coronavirus could put up...

Travelers are shifting to private properties instead of crowded hotels and resorts. Many prefer driving to flying and have returned to using travel advisors and trip insurance. As the industry is relentlessly transforming, businesses need to follow emerging trends to stay afloat.  I had the...

Antsy city dwellers seeking to escape their COVID-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March.“People, after having been stuck in their homes for a few...

It’s likely that no sudden crisis in the annals of American capitalism has unleashed greater devastation on any industry than the coronavirus’s blow to U.S. airlines. Start with the 80% to 90% drop in ticket sales, and social distancing precautions that leave middle seats empty and the few...

As every significant historical moment has its own powerplays, a shift in business models, and societal adaptation to a new norm, the same applies to the COVID-19 new world order. Much has been said that technology companies are the true winners, but the question is: Who are the winners and losers...