Articles tagged “asset sales”

Travel Technology

Sabre Quietly Looks to Shed Hotel Software Unit

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.

Sabre Quietly Looks to Shed Hotel Software Unit

Short-Term Rentals

Shuttered Property Manager WanderJaunt Is Trying To Sell Its Assets

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.

Shuttered Property Manager WanderJaunt Is Trying To Sell Its Assets

Mergers and Acquisitions

Expedia Awaits Comeback of International Travel to Solidify Market Share Gains

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.

Expedia Awaits Comeback of International Travel to Solidify Market Share Gains

Coronavirus

Royal Caribbean Squeezed by Pandemic Sells Cruise Line to Private Equity for $201 Million

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?

Royal Caribbean Squeezed by Pandemic Sells Cruise Line to Private Equity for $201 Million

Hotels

Distressed Hotel Asset Sales in Thailand May Turn Into a Gold Mine for International Chains

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.

Distressed Hotel Asset Sales in Thailand May Turn Into a Gold Mine for International Chains

Hotels

MGM Likely to Sell Circus Circus and Other Las Vegas Resorts

Circus Circus, probably worth at least $1 billion, would be easy to carve out. MGM Resorts has never included the popular Las Vegas resort in its loyalty program, for instance. But why rush to sell 100 acres on the ever-valuable Las Vegas strip?

MGM Likely to Sell Circus Circus and Other Las Vegas Resorts

Airlines

India Is Moving Ahead With Plan to Sell Its Flagship Airline

IndiGo is already developing long-haul flights, and maybe, if it ends up buying this controlling stake in Air India, India's biggest airline will be in a stronger position despite the debt situation.

India Is Moving Ahead With Plan to Sell Its Flagship Airline

Airlines

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

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.

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills