SkiftX

Booking Holdings Bought HotelsCombined for Only $140 Million

Booking Holdings Bought HotelsCombined for Only $140 Million

Dennis Schaal, Skift

Don't you just love those proverbial tuck-in acquisitions? Booking Holdings didn't break the bank for either HotelsCombined ($140 million) or FareHarbor ($250 million). Sometimes making smaller bets is a much smarter strategy than gargantuan deals, but only time will tell.

3 months ago

Launching The Oral History of Travel’s Greatest Acquisition Booking.com

Launching The Oral History of Travel’s Greatest Acquisition Booking.com

Tom Lowry, Skift

This is the oral history of Priceline's two deals, the acquisitions of Active Hotels and Bookings B.V., that created Booking.com, and continue to shape the course of online travel and the competitive landscape today. The twin transactions were among the greatest Internet deals of all time, and their lessons are relevant to startups and dealmakers in any industry.

4 months ago

AccorHotels Buys Catering Tech Company Adoria

AccorHotels Buys Catering Tech Company Adoria

Patrick Whyte, Skift

Catering is a key growth area for AccorHotels and this deal complements a number of others it has done in the sector.

6 months ago

Skiftx Original
The Digital Strategies Helping Cities Connect with Locals and Visitors

The Digital Strategies Helping Cities Connect with Locals and Visitors

Greg Oates, SkiftX

Municipal city governments have been investing heavily in smart city technologies, but in many different ways. Bloomberg Associates' new research puts forth some best practices to help cities learn how others are using various digital tools to engage locals and visitors effectively.

4 months ago

British Airways Parent Looking at Buying Norwegian

British Airways Parent Looking at Buying Norwegian

Patrick Whyte, Skift

Wow. Not many people will have seen this coming, including, it seems, Norwegian. Adding another brand to IAG's growing portfolio might make strategic sense but it will come at a significant cost.

7 months ago

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Daniel Meesak, Jing Travel

Just two years ago, insurance company Anbang surprised the world with its bid to buy Starwood. Now it and other Chinese companies that went on global shopping sprees are stuck with an impossible bill — and a government that doesn't approve of the purchases.

8 months ago

HNA Asset Sales Hit Speed Bump Over Canceled Airline Caterer IPO

HNA Asset Sales Hit Speed Bump Over Canceled Airline Caterer IPO

Prudence Ho, Bloomberg

HNA Group has always been something of a complicated beast and it looks like this has scared off potential investors worried about the lack of clarity surrounding the Swiss airline catering IPO.

8 months ago

HNA Group Sells Stake in Hilton Grand Vacations for $1.1 Billion

HNA Group Sells Stake in Hilton Grand Vacations for $1.1 Billion

Prudence Ho, Bloomberg

HNA Group has achieved what nobody thought possible: Making money on a time-share investment.

8 months ago

Barcelo Will Insist on Doing Other Deals After NH Hotels Rejection

Barcelo Will Insist on Doing Other Deals After NH Hotels Rejection

Patrick Whyte, Skift

Medium-sized hotel companies know they need scale to compete. With NH Hotels open to consolidation and Barcelo still keen on doing deals, it doesn’t look like we’ve heard the end of this story.

8 months ago

eDreams Odigeo Gives Up on Its Sales Process

eDreams Odigeo Gives Up on Its Sales Process

Patrick Whyte, Skift

It sounds like the potential buyers didn't accept the company's new strategy — or the buyers weren't willing to pay enough. Regardless, while it's certainly a risk, eDreams Odigeo is doing the right thing in diversifying its business and improving price transparency.

9 months ago

Chinese Merger Money in Travel Will Likely Dry Up

Chinese Merger Money in Travel Will Likely Dry Up

Brooke Sutherland, Bloomberg

Conventional wisdom in the last few years had Chinese investors from Anbang to HNA poised to scoop up and consolidate U.S. travel companies, meaning Google, Booking, Expedia and TripAdvisor weren't the only games in town. That prospect has faded, if not disappeared, although strategic buyers in China may still make some noise.

9 months ago

Wyndham Sells Its European Vacation Rental Business to a Private Equity Firm for $1.3 Billion

Wyndham Sells Its European Vacation Rental Business to a Private Equity Firm for $1.3 Billion

Deanna Ting, Skift

Sorry, Airbnb. Those who follow the vacation rental business closely had a hunch that the business would be gobbled up by private equity and they were right.

9 months ago