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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.

2 years 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.

2 years ago

HNA Is Dismantling Its Travel Acquisitions and Banks Are Profiting

HNA Is Dismantling Its Travel Acquisitions and Banks Are Profiting

Ben Scent, Bloomberg

We all knew this wouldn't last. But Hilton and NH will come out of this period based on their strengths prior to the HNA investment.

2 years ago

Sponsored
How Airlines Are (Finally) Stepping Up Their Loyalty Programs with Big Data

How Airlines Are (Finally) Stepping Up Their Loyalty Programs with Big Data

SessionM + Skift

Airlines are taking cues from sectors outside the travel industry, including dining, wellness, and retail to better target and engage with their passengers. The key to success is delivering personalized messages through the smarter and secure use of customer data, experts said.

3 months ago

eDreams Odigeo Sale Attracts Private Equity Interest

eDreams Odigeo Sale Attracts Private Equity Interest

Patrick Whyte, Skift

At this stage, we're not exactly sure why eDreams Odigeo might interest Skyscanner/Ctrip. A private equity buyer would seem much more likely.

2 years ago

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Sean O'Neill , Skift

The smartest travel companies are beginning to buy startups that may not be central to their main businesses or help them consolidate market share, but could boost the innovation metabolism of their motherships.

2 years ago

Ctrip-Backed Chinese Booking Sites Plan Merger

Ctrip-Backed Chinese Booking Sites Plan Merger

Patrick Whyte, Skift

Ctrip – with the help of some useful allies – continues to dominate China's fast-expanding travel industry. It will be interesting to see whether 2018 brings further expansion into Europe and North America.

2 years ago

Lastminute.com Group Speeds Pivot With Purchase of Germany’s Weg.de

Lastminute.com Group Speeds Pivot With Purchase of Germany’s Weg.de

Patrick Whyte, Skift

Lastminute.com Group's attempt to wean itself off low margin flight-ticket sales gets accelerated with this deal. The relatively low purchase price makes it a relatively risk-free acquisition.

2 years ago

Disney Drops $52 Billion to Buy Bulk of Fox Entertainment Empire

Disney Drops $52 Billion to Buy Bulk of Fox Entertainment Empire

Anousha Sakoui , Bloomberg

While this deal is all about the entertainment assets, it will have a meaningful impact on theme parks because Disney gets a whole new universe of intellectual property and characters to work with. CEO Bob Iger — who knows his way around major acquisitions and theme park integrations — is now sticking around until 2021 to see this one through.

2 years ago

Pan-African Booking Player Travelstart Buys SafariNow in Lodging Play

Pan-African Booking Player Travelstart Buys SafariNow in Lodging Play

Sean O'Neill, Skift

Regionally focused online travel success stories are as rare as rhinos in the wild these days. But this merger of two South African players may help an endangered species — independent-booking players — keep thriving in a market where so much is dominated by the global duopoly, the Priceline Group and Expedia.

2 years ago

Sojern Buys Ad-Tech Firm Adphorus to Better Compete on Facebook

Sojern Buys Ad-Tech Firm Adphorus to Better Compete on Facebook

Sean O'Neill, Skift

Advertising on Facebook is an expanding strategic opportunity for travel brands. That's why travel marketing-tech startup Sojern is nabbing Adphorus, a travel specialist ad tech company in Turkey, as a bridgehead for growth.

2 years ago

Airbnb Buys Accessible Travel Business Accomable in Its Latest Move

Airbnb Buys Accessible Travel Business Accomable in Its Latest Move

Deanna Ting, Skift

We hope this acquisition results in real changes to the Airbnb platform to not only reduce discrimination against travelers with disabilities, but also to verify details about accessible listings and make them much clearer.

2 years ago