Articles tagged “loans”

Coronavirus

What Happens When a Massive Wave of Hotels Default?

The hotel industry is struggling under months of cratered occupancy and revenue. But there may be a way to avoid foreclosure with the bank — as long as your hotel was doing fine before the pandemic.

What Happens When a Massive Wave of Hotels Default?

Coronavirus

Hotel Mortgage Delinquencies Reached Record Levels in July

Bad hotel loans in the United States in July reached record levels, 23.4 percent, but it could get worse if the coronavirus pandemic and its laissez faire enablers persist.

Hotel Mortgage Delinquencies Reached Record Levels in July

Online Travel

Uplift Raises $123 Million to Broaden Its Travel Loan Services

The old idea of payments in monthly installments is seeing new life in the U.S. online travel sector. Uplift is one of the leading tech vendors powering loans to travelers for buying from airlines such as Spirit and search sites like Kayak. Expect a lot of marketing around this in 2019.

Uplift Raises $123 Million to Broaden Its Travel Loan Services

Rental Cars

Uber Wants to Bypass Banks for a $1.25 Billion Investor Loan

Uber said it has a $10 billion liquidity position yet it is seeking a $1.25 billion loan from institutional investors. It seems as though that projected 2019 initial public offering can't come soon enough.

Uber Wants to Bypass Banks for a $1.25 Billion Investor Loan

Online Travel

Travel Companies Start Lending Consumers Money to Book Trips

Companies ought to carry out adequate checks on the ability of borrowers to repay travel loans on time. Otherwise, a surprise disruption such as an Icelandic volcano or an economic downturn could prompt defaults.

Travel Companies Start Lending Consumers Money to Book Trips