Articles tagged “m&a”

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Dennis Schaal, Skift

The biggest knock on the online travel agencies these days is that the competition is intense and that their golden years are done. Expedia's Mark Okerstrom counters that his company has a single-digit share of a $1.6 trillion market, and he's going wide and deep to pick up more. The jury is still out.

3 weeks ago

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Expedia CEO: Mergers and Acquisitions Are Always on the Table

Dennis Schaal, Skift

An Expedia acquisition of Thomas Cook? While problematic on many fronts, including buying all of those offline agents, it isn't out of the question. Consider that Expedia would gain access to a customer base in Europe that it hardly touches. Expedia's Barry Diller has made a ton of acquisitions. He and Okerstrom are hardly done yet.

1 month ago

Vacation Rental Network RedAwning Buys Leavetown to Enroll Multi-Unit Properties

Vacation Rental Network RedAwning Buys Leavetown to Enroll Multi-Unit Properties

Sean O'Neill, Skift

RedAwning's acquisition of Leavetown suggests that marketing and distribution technology built separately for rentals and hotels may one day blend into all-purpose software for all types of lodging.

3 months ago

Expedia Is Growing Alternative Accommodations Faster But Booking Isn’t Slowing Down

Expedia Is Growing Alternative Accommodations Faster But Booking Isn’t Slowing Down

Seth Borko, Skift Research

Booking sites are offering more types of travel products and services on their platforms. Of these verticals, alternative accommodations are a highly contested space where Booking and Airbnb lead for now.

3 months ago

Booking Holdings Bought HotelsCombined for Only $140 Million

Booking Holdings Bought HotelsCombined for Only $140 Million

Dennis Schaal, Skift

Don't you just love those proverbial tuck-in acquisitions? Booking Holdings didn't break the bank for either HotelsCombined ($140 million) or FareHarbor ($250 million). Sometimes making smaller bets is a much smarter strategy than gargantuan deals, but only time will tell.

3 months ago

Oral History: Booking.com Catapulted Priceline From an Also-Ran to First

Oral History: Booking.com Catapulted Priceline From an Also-Ran to First

Dennis Schaal, Skift

The acquisitions of Active Hotels and Bookings B.V., which led to the creation of Booking.com, transformed parent company Priceline.com, and online travel history. Take a look at Priceline's fourth quarter of 2005 financial results, and you'll be able to see the journey in process.

4 months ago

6 Takeaways From The Oral History of Travel’s Greatest Acquisition Booking.com

6 Takeaways From The Oral History of Travel’s Greatest Acquisition Booking.com

Dennis Schaal, Skift

The stars were seemingly aligned when Booking.com made its move. The big U.S. players were too comfortable with their huge margins from the merchant model; Booking.com focused on independent hotels; and search engine marketing was on the rise. Still, it was the entrepreneurs and dealmakers who made it all happen.

4 months ago

Booking Holdings Buys HotelsCombined as Kayak Expands Into Asia Pacific

Booking Holdings Buys HotelsCombined as Kayak Expands Into Asia Pacific

Dennis Schaal, Skift

Booking.com is Booking Holdings' favored child, but with the addition of HotelsCombined, it is apparent that the parent company still sees plenty of opportunity for its Kayak unit in metasearch worldwide. This deal will help Kayak expand in Asia Pacific, and will give HotelsCombined additional resources as well.

4 months ago

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Vinicy Chan and Manuel Baigorri, Bloomberg

Despite having an offer turned down earlier this year, Barcelo still appears keen on NH Hotels. Buying a minority stake would likely be the first step to consolidation within the Spanish hotel sector.

5 months ago

Accor Pushes Further Into Luxury With $567 Million Mövenpick Deal

Accor Pushes Further Into Luxury With $567 Million Mövenpick Deal

Patrick Whyte, Skift

Where there is smoke there is fire and Sebastien Bazin's comments at Skift Forum Europe last week hinted at an imminent deal.

7 months ago

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Sean O'Neill , Skift

The smartest travel companies are beginning to buy startups that may not be central to their main businesses or help them consolidate market share, but could boost the innovation metabolism of their motherships.

10 months ago

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

Patrick Whyte, Skift

HNA Group's decision to at least consider selling its stake in NH Hotels shouldn't come as a surprise. It will be interesting to see whether one of the big hotel companies emerges as a potential buyer.

10 months ago