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Online Travel
Good morning from Skift. It’s Wednesday, January 12, in New York City. Here’s what you need to know about the business of travel today.
Rashaad Jorden | 1 week ago
Business Travel
This push into cargo is risky, because Yatra needs as many investors on its side as possible as it prepares to go public in its home country, where corporate travel stands to rebound strongly.
Matthew Parsons | 3 weeks ago
Venture Capital
This was the year of the travel IPO with 10 market debuts. But at least 10 more travel companies are likely to go public in 2022. Investors, despite disappointing Covid setbacks, continue to bet on the long-term strength of the travel industry.
Sean O'Neill | 4 weeks ago
Short-Term Rentals
Will Sonder be a household name brand in accommodations in five years? The company hopes its Nasdaq debut in January, and a nifty $310 million in proceeds, will be the next stage in that evolution.
Dennis Schaal | 4 weeks ago
Travel Technology
If, as a traveler, you've booked a hotel room online through price comparison, or metasearch, or through a corporate booking tool, you've probably used RateGain's technology without knowing it. Today's public listing gives RateGain cash for more mergers and acquisitions.
Sean O'Neill | 1 month ago
Omicron won't deter Vacasa's debut as a publicly traded company as it takes advantage of the pandemic-era surge in vacation rental growth.
Dennis Schaal | 2 months ago
Hotels
Kudos to Rafael Museri and Daniel Rudasevski who co-founded Selina in 2015 and brought the company to this point. But investors face a tricky decision about how to value this startup compared to traditional lodging groups.
Sean O'Neill | 2 months ago
Dealmaking continues to avoid getting locked down, at least in the vacation rental sector.
This was a great day for unheralded channel managers and digital marketing startups toiling in the backwaters of hotel distribution. If SiteMinder can achieve unicorn status, perhaps through a SPAC, an IPO or more hard work, keep at it and you can too.
Mergers and Acquisitions
Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure. The new funding raised will help continue to focus on building the company and hopefully keep the economics in check enough to complete the deal.
Rafat Ali | 3 months ago
