Articles tagged “mergers”

Airlines

20 Years After 9/11 a Resilient Airline Industry Faces New Challenges

There were naysayers after 9/11 that said people would never fly again in droves out of security concerns, and now Covid and its variant joint-venture partners have rocked the travel industry. History has shown, however, that "travel" and the human spirit are indomitable.

Dennis Schaal, Skift | 1 month ago

Online Travel

Expedia and Airbnb Split on Travel’s Future and 10 Other Top Travel Stories This Week

In Skift's top travel stories this week, we covered the Expedia CEO's take on Airbnb, the Hyatt-Apple Leisure deal, two online travel veterans launching a hotel distribution network, the unpaid fines of unruly flyers, among other topics.

Dennis Schaal, Skift | 2 months ago

Business Travel

UK Tour Operator Consolidation After Pandemic Struggles Could Signal More Mergers Globally

Although it's uncertain when large numbers of visitors from the United States and European Union will come back due to concerns about Covid variants, struggling U.K. tour operators need to take steps to ensure they're in a position to take advantage of the large-scale return of travelers.

Rashaad Jorden, Skift | 2 months ago

Mergers and Acquisitions

6 Expedia and Booking Online Travel Takeaways From Latest Financial Reports

While much of the talk these days is about digital nomads and remote workers, both Expedia Group and Booking Holdings have doubled down on commitments to brick and mortar headquarters. Which could mean that there may be real offices again after the pandemic.

Dennis Schaal, Skift | 2 months ago

Mergers and Acquisitions

AirAsia Digital Buys Superapp Gojek’s Thailand Operations for $50 Million

In an intensifying superapp rivalry in Southeast Asia, Gojek handed its Thailand business to AirAsia Digital in the face of competition from Grab. While these leading superapps battle, AirAsia Digital is being taken more seriously. After all, it has airplanes and a profitable logistics business to add to the mix.

Dennis Schaal, Skift | 3 months ago

Online Travel

Vacation Rental Manager VTrips Ramps Up Dealmaking and Mulls Going Public

VTrips all but outright says that it's more profitable than its larger rival Vacasa. But we'll only know for sure if they both file to go public.

Sean O'Neill, Skift | 4 months ago

Mergers and Acquisitions

Booking Holdings CEO: We Can Replicate European Short-Term Rental Success in U.S.

Booking.com faces tough-going in U.S. short-term rentals. Its business model has hosts perceiving they pay lower commissions to Airbnb, and the latter is has a big brand advantage. At the same time, Booking.com needs to defend Airbnb incursions on its own European turf.

Dennis Schaal, Skift | 5 months ago

Online Travel

Amazon Rival Flipkart to Buy India’s Cleartrip

Fkipkart's acquisition of Cleatrip, which has been staggering from the coronavirus pandemic, should inject some much-needed funds and energy. Look for Cleartrip's partnership with Amazon to fade away.

Dennis Schaal, Skift | 6 months ago

Airlines

Canadian Tour Operator Transat Is Still in Play After Air Canada Deal Falls Apart

Transat's drawn-out acquisition saga, which began in 2019, will have a new chapter now that the European Commission indicated Air Canada's purchase of the major tour operator/airline wouldn't pass regulatory muster. Transat needs a funding infusion to survive, and it's clear that the Canadian government has an interest in keeping the business afloat.

Allison Lampert and Arunima Kumar, Reuters | 7 months ago

Online Travel

Cendyn’s Merger With Data Rival Is Latest Private Equity Rollup in Hotel Tech

Accel-KKR, a private equity firm based in Silicon Valley, supported Cendyn's merger with arch-rival NextGuest. Investors are betting that hotels will spend more heavily on data-based tools to gain an edge once the sector's recession ends.

Sean O'Neill, Skift | 8 months ago