Articles tagged “hostels”

Europe’s Meininger Hotels Mulls Going Public: Report

Europe’s Meininger Hotels Mulls Going Public: Report

Patrick Whyte, Skift

After months of problems, Mumbai-headquartered Cox & Kings is now undergoing insolvency proceedings in India. Will Meininger, its hybrid hotel chain, get a new lease on life?

4 months ago

Selina, Backed by Former WeWork CEO, Seeks $500 Million Fund for Hosting Millennial Travelers

Selina, Backed by Former WeWork CEO, Seeks $500 Million Fund for Hosting Millennial Travelers

Gillian Tan, Bloomberg

Selina, which provides travelers with co-working spaces and hotel-style lodging, hopes to raise a $500 million fund to invest in U.S. real estate. If it meets its goal, it will reassure investors that it remains untarnished by WeWork's recent bad publicity.

8 months ago

Cox & Kings Contemplates Sale of Meininger Hotels

Cox & Kings Contemplates Sale of Meininger Hotels

Jack Sidders, Gillian Tan and Eyk Henning, Bloomberg

Given Cox & Kings' well-publicized financial struggles, offloading the Meininger hybrid hotel/hostel chain makes sense. There will likely be plenty of interested parties.

9 months ago

Hostelworld Wants to Offer More Than Just Accommodations

Hostelworld Wants to Offer More Than Just Accommodations

Patrick Whyte, Skift

CEO Gary Morrison has shaken things up since taking over at Hostelworld last year. His new strategy will take time to play out, but as a niche business, it seems sensible to try and do things differently from the big, generalist online travel agencies.

10 months ago

Generator Hostels Backer Is Spending $400 Million to Buy Micro-Hotel Operator Freehand

Generator Hostels Backer Is Spending $400 Million to Buy Micro-Hotel Operator Freehand

Andrew Sheivachman, Skift

Hostels and micro-hotels have been sexy again for the last few years. Sydell Group and Ron Burkle are cashing in as Generator works to move away from its hostel roots and into the wider world of boutique hospitality.

11 months ago

Selina Raises $100 Million for Its Millennial-Focused Lodging

Selina Raises $100 Million for Its Millennial-Focused Lodging

Sean O'Neill, Skift

Selina is riding a wave of venture capital investment like a dreadlocked surfer with remarkable poise. Come to Skift Forum Europe to hear CEO Rafael Museri explain how his startup may capsize the traditional hospitality model.

1 year ago

Meet the Ryanair of the Hostel Industry

Meet the Ryanair of the Hostel Industry

Patrick Whyte, Skift

There's more than one way to run a hostel and, in A&O's case, it means keeping prices as low as possible.

1 year ago

Budget Travel Is Becoming the Norm for New Hedge Fund Managers

Budget Travel Is Becoming the Norm for New Hedge Fund Managers

Suzy Waite , Bloomberg

The 1 percent finally discovers what the 99 percent generally does when they travel.

1 year ago

Travel Advisor Innovation Report: Virgin and Ritz Cruise Lines Have Brand Loyalty Hopes

Travel Advisor Innovation Report: Virgin and Ritz Cruise Lines Have Brand Loyalty Hopes

Maria Lenhart, Skift

Will Ritz-Carlton Yacht Collection and Virgin Voyages, two high-end and newbie cruise lines, be able to attract passengers who have never chosen a cruise vacation? The two brands are counting on it.

2 years ago

The Big-Money Reinvention of the Humble Hostel: A Skift Deep Dive

The Big-Money Reinvention of the Humble Hostel: A Skift Deep Dive

Patrick Whyte, Skift

Money is flowing into the hostels market and established hotel companies want a piece. Will this new corporatization cost hostels the soul of their original mission?

2 years ago

Hilton Debuts New Hostel-Inspired Brand, Motto

Hilton Debuts New Hostel-Inspired Brand, Motto

Deanna Ting, Skift

So, it's not being marketed as a "hostel on steroids," as Hilton CEO Chris Nassetta once described it, but Motto by Hilton is more or less a lot of what we've seen before, albeit with a few twists.

2 years ago

Extended Stay Gets Creative

Extended Stay Gets Creative

Andrew Sheivachman, Skift

Increased choice is vital for corporate travel as employees are more willing to experiment with homeshares, hostels, and other alternative accommodations. Companies that embrace variety now will be able to lead the way going forward.

2 years ago