investors Archives

Business Travel

Dubai’s Royal Family Backs Italy’s BizAway to Modernize Region’s Business Travel

It’s not what you know, but who you know, and by teaming up with Seed Group, which is owned by a member of Dubai's ruling family, startup travel agency BizAway will gain the right kind of introductions to grow its business in the Middle East.

Matthew Parsons | 6 days ago

Airlines

Virgin Australia Owner Bain Capital Hints at IPO

As Australia's second-biggest carrier looks to relist at the stock exchange, the biggest question is how big a stake does Bain want to retain.

Scott Murdoch, Jamie Freed and Harish Sridharan, Reuters | 2 months ago

Business Travel

South African Corporate Travel Agency Looks to Embolden Women Under New Investor

A pioneering female-focused private equity fund has backed a management buyout at Johannesburg's Club Travel Corporate, and it’s a sign of more things to come across Africa, according to its CEO.

Matthew Parsons | 2 months ago

Online Travel

HotelTonight Founder Sam Shank Leaves Airbnb After an Extended Stay

HotelTonight is the fastest, and probably the most exquisite and feisty hotel booking app around. Regardless of its future with Airbnb, it created dozens of imitators, and set the standard.

Dennis Schaal | 4 months ago

Online Travel

Traveloka Shuts Down Pandemic Business Launches to Refocus on Travel

Having weathered the Covid storm, Traveloka is back to doing what it believes it does best — selling travel.

Peden Doma Bhutia | 6 months ago

News Blog

SoftBank Slashed Oyo Valuation 20 Percent

SoftBank Group has reportedly cut the valuation of Indian hotel-booking platform Oyo by more than 20 percent, Bloomberg reported on Thursday quoting people familiar with the matter. According to the report, the Japanese investor, who owns 45 percent of Oyo, cut its estimated value for initial public offering-bound Oyo to $2.7 billion in the June…

Peden Doma Bhutia | 6 months ago

Travel Technology

Dallas Cowboys Owner Jerry Jones Invests in Software Firm for Hotels and Vacation Rentals

This deal undoubtedly won't go down as one of the largest of 2022, but it shows the continued interest in investing in hospitality technology. Even Jerry Jones can recognize an interesting deal.

Dennis Schaal | 8 months ago

Hotels

European and Asian Investors Demand Greener Hotels

There's no hiding from higher environmental standards for hotels.

Edward Russell | 10 months ago

News Blog

Certares and Knighthead Invest $225 Million in Global Blue in Bet on Duty-Free Shopping

Have you ever claimed your value added tax back for things you bought during a trip to Europe? Then you probably used a Global Blue Tax Free Shopping service. Global Blue, a payments specialist for 300,000 partner stores primarily in the European Union, is now on the rebound. It has agreed to receive $225 million…

Sean O'Neill | 11 months ago