Articles tagged “debt”

Hotels

Oyo’s Fitch Rating Gets an Upgrade: What Led to the Change

This upgrade is a testament to Oyo's strengthening financial position and the broader positive trends within India's hospitality industry.

Oyo’s Fitch Rating Gets an Upgrade: What Led to the Change

News Blog

Accor’s Hotel Owner-Operator May Get More Indebted to Hedge Fund Sculptor

AccorInvest, a hotel owner-operator company that global hotel group Accor created in 2017, is seeing a rising share of its outstanding debt owned by one player, the hedge fund Sculptor, Bloomberg News reported on Tuesday. Sculptor "bought about half of the €270 million ($290 million) of loans previously owned by UniCredit SpA in recent weeks," Bloomberg reported…

Cruises

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

Cruise lines will continue to debut new ships in the near term through a balancing act between refinancing debt and improving profit margins. The high cost of debt will not stop vessels from sailing. The three major cruise lines remain optimistic for demand recovery.

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

News Blog

Carlyle Aviation Restructures SpiceJet Debt to 7.5% Stake in Indian Carrier

Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures. SpiceJet’s board of directors approved issuing fresh equity shares of $29.5 million to Carlyle Aviation, following which the aircraft leasing firm will now have over 7.5…

Business Travel

Corporate Travel Buyers Face Perilous Exposure to Industry’s $540 Billion Debt

Airlines, hotels, taxi firms and travel management companies owe more than half a trillion dollars. Here's how companies can offset price surges as their suppliers look to pay off mounting debts.

Corporate Travel Buyers Face Perilous Exposure to Industry’s $540 Billion Debt

Online Travel

Google Defends Its Debt Collection Practices in Travel

Google deserves to get paid for advertising services rendered. The company could have used the coronavirus crisis to engender some much-needed goodwill among its legions of advertisers, with a degree of flexibility during the months the music died. Opportunity lost.

Google Defends Its Debt Collection Practices in Travel

Online Travel

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

Online Travel

Expedia to Deliver Early Payday to Private Equity Investors

It's no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company's private equity debt a day later. Hey, whether you are a homeowner or a giant online travel company, a good refinancing deal can be smart and hard to resist.

Expedia to Deliver Early Payday to Private Equity Investors

Business Travel

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

By itself, the coronavirus scare needn't be like kryptonite to Samsonite, which has high gross margins. But the long-term double whammy of supply shocks (due to factory closings) and demand shocks (due to travelers pulling back on spending) may reduce the company's ability to pay interest on its heavy debts.

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

Airlines

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

When it comes to their debt, easyJet has a much more liquid position than Ryanair, while United and Delta have a lighter debt burden relatively speaking than American Airlines. In the event of a recession, debt loads would be one critical factor among many in hamstringing or contributing to a company's ability to maneuver.