Sean O'Neill, Skift
This is now the third "blank check" company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.
2 weeks ago
Sean O'Neill, Skift
This deal between the lodging brand and the co-working program could not have come at a better time. Selina has the real estate that Remote Year needed to be cost-effective, and Remote Year has the digital nomads Selina could use to drive its growth.
3 weeks ago
Dennis Schaal, Skift
Both of Barry Diller's companies, IAC and Expedia, are now invested in a travel recovery, which he thinks will arrive in only a matter of time. Count Diller on the side of those who believe the new normal will resemble its former self more than many people imagine.
1 month ago
Sean O'Neill, Skift
Expect other travel tech players to pick up promising startups at a discount during the pandemic.
1 month ago
Sean O'Neill, Skift
Companies that raised money before the crisis are sailing through it. Look at Groups360, which got $50 million from Marriott International, IHG, Accor, and Hilton a year ago, and has grown since.
2 months ago
Sean O'Neill, Skift
New owner Intelsat will need to invest in Gogo's internet services. Airline customers like Delta are impatient with Gogo's capacity to meet their needs.
2 months ago
Sean O'Neill, Skift
This investment gives hotel tech firm StayNTouch a chance to regain its footing. It comes after six months of uncertainty due to the Trump Administration's forced sale.
2 months ago
Cameron Sperance, Skift
Another day, another rumor that Accor and IHG will combine forces. But even a successful merger is unlikely to send the hotel industry into a wave of consolidation due to so many other distressed deals expected during the pandemic recovery.
2 months ago
Sean O'Neill, Skift
Let's hope the deal talks will go faster than Wi-Fi aboard a plane.
2 months ago
Sean O'Neill, Skift
Vista, the investor behind this merger of airline tech vendors Accelya and Farelogix, is no private equity tourist. The firm has committed tens of billions to technology businesses, and it shows signs of having the wherewithal to grow Accelya into a long-term player in airline tech services.
4 months ago
Sean O'Neill and Dennis Schaal, Skift
Don't count your deals before they've hatched. Coronavirus has killed valuations of many companies, and deals along with them. On the other hand, some companies, such as Grubhub, are in the right place at the right time.
4 months ago
Sean O'Neill, Skift
Despegar, Latin America's largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe.
4 months ago
