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Articles tagged “investments”

Online Travel

Klook Raises $200 Million in Bid to Become a Superapp for Experiences

Klook is winning investor confidence during the pandemic. The online agency is tapping into domestic leisure spending in several Asian markets while aspiring to copy some moves from Chinese superapp Meituan by providing more business-to-business services, too.

Klook Raises $200 Million in Bid to Become a Superapp for Experiences

Online Travel

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Some travel sector startups will use special-purpose acquisition companies, or SPACs, to go public, instead of doing traditional IPOs. The trend has the makings of an investor frenzy. Here's our cheat sheet, covered in six questions and answers.

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Online Travel

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

Two blank-check outfits that will try to buy something in travel later debuted on the stock market this week. No Airbnb-style IPO pops, however, because no one knows what the acquirers might score in the travel sector.

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

Coronavirus

Barry Diller’s IAC Takes $1 Billion Stake in MGM Resorts With Eye on Online Gaming

Jackpot.

Barry Diller’s IAC Takes $1 Billion Stake in MGM Resorts With Eye on Online Gaming

Online Travel

Travelport Receives $500 Million in Fresh Financing From Private Equity

The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute.

Travelport Receives $500 Million in Fresh Financing From Private Equity

Airlines

United Invests in Clear to Offer Frequent Flyers Easier Screening

Clear doesn’t let you skip security screening at U.S. airport checkpoints, but its promise is to make the effort take less than five minutes consistently. Clearly United has heard from its most frequent customers that they value that consistency.

United Invests in Clear to Offer Frequent Flyers Easier Screening

Tourism

Investors Eye the Potential of North Korean Hotels and Airlines

It's generally sound investment advice to "buy low and sell high." But foreign investors looking at North Korea may be underestimating how disastrous the economy is behind its veil of propaganda.

Investors Eye the Potential of North Korean Hotels and Airlines

Online Travel

Travel-Tilting Hedge Funds Are Investing in Airlines and Online Travel Agencies

Follow the money — at your own risk, of course. These two hedge funds are putting their money in airline and online travel agency stocks, often investing in competitors. Rising tides lift all boats, after all.

Travel-Tilting Hedge Funds Are Investing in Airlines and Online Travel Agencies

Airlines

Qatar Airways Invests in LATAM Airlines With 10 Percent Stake

With a stake in LATAM, Qatar CEO Akbar Al Baker seems intent in embarking on a global investment strategy with parallels to that of rival Etihad, although the latter has hit the pause button and is reviewing its strategy after some European investments that haven't worked out so well.

Qatar Airways Invests in LATAM Airlines With 10 Percent Stake

Hotels

AccorHotels Invests in Boutique Brand 25hours Hotels

AccorHotels continues to make strategic investments that attempt to round out its overall portfolio. Investing in a boutique chain like Germany's 25hours is a good way to grow its boutique and lifestyle hotel offerings.

AccorHotels Invests in Boutique Brand 25hours Hotels