Articles tagged “goldman sachs”

News Blog

Saudi Carrier Flynas Hires Goldman, Morgan Stanley for Potential IPO Next Year

Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report. Flynas expects to go public next year. Earlier reports had suggested that Saudi Arabian sovereign wealth fund — Public Investment Fund (PIF) had been…

Peden Doma Bhutia | 4 months ago

Hotels

Goldman Sachs Bets on India’s Samhi Hotels

Goldman Sachs has a couple of notable hospitality investments. Plus, other highlights from the week's news in hotel deals and development worldwide.

Sean O'Neill | 1 year ago

Goldman Sachs Bets on India’s Samhi Hotels

Business Travel

Zoom Doesn’t Cut It as Corporate Travelers Seek More Conference Networking

A new report from Deloitte singles out the power of networking as the main reason for a resurgence in travel, but the truth is the pendulum is swinging wildly because companies are rediscovering the merits of travel for a range of purposes — or at least they are until expenses get reined back in.

Matthew Parsons | 1 year ago

Zoom Doesn’t Cut It as Corporate Travelers Seek More Conference Networking

Startups

7 of the Most Interesting Travel Tech Startups Raising Capital in 2022

Despite an increasingly negative economic forecast, travel tech startups raised billions of dollars in 2022.

Justin Dawes | 1 year ago

7 of the Most Interesting Travel Tech Startups Raising Capital in 2022

Travel Technology

Hotel Tech Startup Mews Manages Hefty $185 Million Raise

Raising $185 million in hotel tech at all, especially in this economic climate, is an endorsement of the product Mews has built — but more importantly shows the potential investors see in modernizing the market at this precise time.

Justin Dawes | 1 year ago

Hotel Tech Startup Mews Manages Hefty $185 Million Raise

News Blog

TripActions Secures $400 Million in Credit Facilities

Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to "accelerate the expansion of its customer base." The credit facilities consist of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with…

Matthew Parsons | 1 year ago

Startups

Car Rental App Kyte Raises $60 Million

Kyte wants to simplify car rentals, while yet another short-term rental platform, this time in Germany, raises millions.

Justin Dawes | 1 year ago

Car Rental App Kyte Raises $60 Million

News Blog

Awaze Put Up For Sale at $2 Billion by Private Equity Owner Platinum — Report

The owner of European vacation-rentals business Awaze is looking for a sale, according to a media report. U.S. private equity firm Platinum Equity created Awaze after buying a selection of rental businesses from Wyndham Worldwide in 2018. The deal was worth $1.3 billion, and its collection at the time included Novasol, Cottages.com, James Villa Holidays…

Matthew Parsons | 2 years ago

Business Travel

Banks Take on Remote Work by Picking Up Your Dry Cleaning to Get You Into an Office

As well as offices adding concierges to help staff manage daily errands like dry cleaning, banks are asking designers to retrofit buildings with a hotel feel. But is that compelling enough for commuters with longer journeys?

Noor Zainab Hussain, Reuters | 2 years ago

Banks Take on Remote Work by Picking Up Your Dry Cleaning to Get You Into an Office

Startups

Laurence Tosi’s WestCap Leads $80 Million Funding for Activities Booking Site Peek

Peek survived the pandemic when so many tours and activities' operators went into hibernation or worse, and now it has another $80 million in the bank for expansion. With business-to-business software as hot as it is, that's not a bad place to be.

Dennis Schaal | 2 years ago

Laurence Tosi’s WestCap Leads $80 Million Funding for Activities Booking Site Peek