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Hotels
Hyatt's annual 10-K provides a handful of notable details, including the final prices it paid for Mr & Mrs Smith and for Dream Hotels.
Sean O'Neill | 1 month ago
Short-Term Rentals
You can expect that some of Frontdesk's rivals will move in to buy some of its remains.
Dennis Schaal | 3 months ago
News Blog
Accor has signaled over several years that it plans to become more asset-light. Bloomberg News reports that the Paris-based hotel giant is about to take more steps as its owner-operator arm sells hotels. AccorInvest, a hotel owner-operator company created in 2017, wants to sell more than $2 billion (about €2 billion) of hotels in Europe…
Sean O'Neill | 5 months ago
Travel Technology
In Skift's top stories this week, travel technology company Sabre is putting its hospitality division on the market, independent hotels increase the use of TikTok in marketing, and Russian tourism executives target travelers from India.
Rashaad Jorden | 1 year ago
Surprise! Sabre has been shopping around its non-core unit that helps hoteliers handle reservations, sources said. A sale might be good for the hospitality business by giving it a home that could further support its growth.
Sean O'Neill | 2 years ago
WanderJaunt claims in its sales pitch to sell its assets that it had industry-leading unit economics. It doesn't explain, however, why it closed operations on short notice leaving employees, guests, and creditors hanging.
Dennis Schaal | 2 years ago
Mergers and Acquisitions
After shutting down or selling eight businesses — some of which were relatively inconsequential — since the beginning of 2020, Expedia Group doesn't expect any more such asset dispositions as part of its drive to make the company simpler and more focused. But selling brands may turn out to be the easiest part of the exercise.
Dennis Schaal, Skift | 3 years ago
Coronavirus
By selling off one of its assets, Royal Caribbean is trying to shore up cash. But by incurring an impairment charge, is the company reaching its goal or just creating an illusion?
Praveen Paramasivam, Reuters | 3 years ago
Covid-19 unearthed hotel vulnerabilities, but Thai asset owners are not retreating. That means more branding opportunities for chains, but how they handle the pandemic will be closely watched.
Raini Hamdi, Skift | 4 years ago
Airlines
Chinese regulators are getting tough with cash-strapped HNA's Hainan Airlines, but not too tough because they don't want customers causing disturbances at the nation's airports when flights get cancelled.
Bloomberg, Skift | 6 years ago