Did you hear? Even Groupon is moving away from the daily deal business.
Luxury flash sales site Secret Escapes has won Â£8m in new funding with Index Ventures leading the round
Yabbedoo is setting itself a huge challenge – to disrupt the industry by providing its special deals platform incorporating geo-location as well an industry news and information service for travel companies looking for that competitive edge as well as travellers and locals
Travelzoo CEO Chris Loughlin blasted the competition in the daily deals space for unsustainable practices and acknowledged that the company’s Local Deals business is “hindered in the short term by industry dynamics.”
Groupon priced its shares for its IPO debut today at a higher-than-expected $20 per share and at least one analyst urged investors to jump in based in part on the company’s evolving travel business.