Articles tagged “mergers”

News Blog

Capital A Wants to Merge AirAsia and AirAsia X

Malaysia's Capital A has submitted plans for a corporate restructuring, which will involve the merger of its low-cost airline AirAsia with long-haul carrier AirAsia X. The company will set up a new division, called AirAsia Aviation, which will be run by Bo Lingam, who is currently president, airlines and group CEO of AirAsia Aviation Group…

Airlines

Full Video: Air Lease Executive Chairman Udvar-Házy at Skift Aviation Forum 2022

While Air Lease's Steven Udvar-Házy believes Europe is likely to see more airline consolidation, he's uncertain that will be the case in Latin America. Watch him also discuss challenges facing companies involved in both the aircraft and electric air taxi markets.

Full Video: Air Lease Executive Chairman Udvar-Házy at Skift Aviation Forum 2022

News Blog

Short-Term Rental Firm RedAwning Bought Channel Manager Lexicon Travel Technologies

California-based RedAwning announced it acquired channel manager Lexicon Travel Technologies. Terms of the deal were not disclosed. A vacation rental in the RedAwning portfolio. Source: RedAwning Channel managers have tech systems to assist accommodations in distributing their properties to websites such as Airbnb, Vrbo and Booking, and sometimes to global distribution systems, among other outlets.…

Online Travel

Despegar Bulks Up on Vacation Rentals To Fend Off Competition From Global Players

Despegar is growing with a steady pace of mergers and acquisitions, including Viajanet and Stays. It's a smart move to use vacation rentals to defend and expand market share.

Despegar Bulks Up on Vacation Rentals To Fend Off Competition From Global Players

News Blog

Selina Files Paperwork to Move a Step Closer to Going Public Through SPAC

Hospitality brand Selina has filed paperwork with the U.S. Securities and Exchange Commission to take another step in going public through a merger with special purpose acquisition company BOA Acquisition Corporation. The timing is still vague, however. "The proposed SPAC merger, which has been approved by the board of directors of BOA, is expected to…

Short-Term Rentals

Analysis: Vacasa Has a Growth Story Neatly Tailored to Wall Street Sensibilities

Vacasa is adding homes to manage in 2022 at half the pace of 2021 in the name of profitability. Without the big mergers and acquisitions of years past, Vacasa is pressuring its sales force to get more productive or hit the road.

Analysis: Vacasa Has a Growth Story Neatly Tailored to Wall Street Sensibilities

Short-Term Rentals

History of Short-Term Rentals Filled With Arrogance and Missed Opportunities

The phrase "listen to the customer" is a cliche. But in the early days of the vacation rental business, the smart move was to listen to what the marketplace was saying rather than force feed it the opposite.

History of Short-Term Rentals Filled With Arrogance and Missed Opportunities

News Blog

American Express Global Business Travel To Debut on Tuesday — Interesting Factoids

It's a holiday weekend in the U.S. so what better time to break up the monotony of barbecues and beach, and burrow into a Securities and Exchange Commission filing about the pending SPAC debut Tuesday of American Express Global Business Travel. Among the takeaways: The merger of Apollo Strategic Growth Capital and Amex GBT will…

Online Travel

Despegar Finds Acquisition Bargains in Latin America’s Hard-Hit Economies

At the beginning of the pandemic, it was clear there would be plenty of mergers and acquisition targets. Despegar found at least a couple in Viajanet and Stays.

Despegar Finds Acquisition Bargains in Latin America’s Hard-Hit Economies

Online Travel

The Great Merging and Other Top Stories This Week

In Skift's top stories this week, Skift founder and CEO Rafat Ali writes about the blending of work, travel, and personal lives, Ghana's decision to use celebrities to promote tourism emerges as problematic, and the labor shortage in hospitality enhances the need for robots in hotels.

The Great Merging and Other Top Stories This Week