Articles tagged “mergers and acquisitions”

Club Med Parent Fosun Mulls Acquisitions in North America

Club Med Parent Fosun Mulls Acquisitions in North America

Bloomberg

Another Chinese conglomerate, this one with insurance, pharmaceutical, and tourism holdings, is looking to expand globally through acquisitions. Given that HNA Group, Dalian Wanda Group. and Anbang are scurrying to unload assets, does Fosun's strategy raise any red flags?

3 days ago

AccorHotels to Buy Chile’s Atton Hoteles

AccorHotels to Buy Chile’s Atton Hoteles

Deanna Ting, Skift

Is there anything out there AccorHotels won't buy at this point?

1 week ago

Skift Podcast: Why Accor Had No Choice But to Change

Skift Podcast: Why Accor Had No Choice But to Change

Hannah Sampson, Skift

Tune in for a candid conversation about the strategy behind AccorHotels' many acquisitions, why the company wants to be part of consumers' everyday lives, and what the CEO has learned from spending hundreds of millions of dollars on startups.

2 weeks ago

BlaBlaCar Buys Less to Plug a Carpooling Tech Gap

BlaBlaCar Buys Less to Plug a Carpooling Tech Gap

Sean O'Neill, Skift

It’s too early to know if short-distance, urban carpooling from BlaBlaCar can effectively compete with taxis and car-hailing apps like Cabify, Lyft, and Uber. But as a defensive experiment, the move makes sense.

4 weeks ago

Why Everybody Now Wants a Piece of the Tours and Activities Sector

Why Everybody Now Wants a Piece of the Tours and Activities Sector

Seth Borko, Skift Research

Large travel corporations can't seem to get enough of the tours and activities space. It's one to watch as the year unfolds. Deals can be a great way to get a foot in the door, but don't forget to make sure there is a strategic fit — and, of course, that the price is right.

4 weeks ago

TripAdvisor Buys Tours and Activities Tech Provider Bokun as Connectivity Race Heats Up

TripAdvisor Buys Tours and Activities Tech Provider Bokun as Connectivity Race Heats Up

Dennis Schaal, Skift

We said there would be more consolidation in the tours and activities space, and the ink was hardly dry when TripAdvisor announced the acquisition of Bokun. This enables TripAdvisor to provide an end-to-end solution without having to rely on third party vendors to bring tours and activities suppliers on board.

1 month ago

Booking Holdings Buys Activities Distribution Startup FareHarbor

Booking Holdings Buys Activities Distribution Startup FareHarbor

Sean O'Neill, Skift

Only a couple of years ago, the CEO of family-owned activities distributor FareHarbor said the company would never sell. But never say never. For Booking Holdings, this is further proof that the giant wants to be full-service.

1 month ago

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Gillian Tan, Bloomberg

Mergers and acquisitions between hotel brands was just the start. Expect to see more mergers take place between the hotel owners and real estate investment trusts going forward.

1 month ago

Uber Is Paying $100 Million to Buy an Electric Bicycle-Rental Company

Uber Is Paying $100 Million to Buy an Electric Bicycle-Rental Company

Eric Newcomer, Bloomberg

Can Uber disrupt the e-bike sharing industry as it has with ridesharing? And can Uber clear up any obstacles or objections to e-bike use in certain cities that have banned them?

1 month ago

Blackstone Is Looking to Sell 15 Select-Service Hotels

Blackstone Is Looking to Sell 15 Select-Service Hotels

Gillian Tan, Bloomberg

A potential Blackstone sale of 15 select-service properties in the United States would amount to only a fraction of its footprint in this hospitality sector. Blackstone has been an astute hospitality/real estate investor and this deal looks like a routine part of its plan to cash out at a profit.

1 month ago

Red Lion Is Buying Knights Inn From Wyndham for $27 Million

Red Lion Is Buying Knights Inn From Wyndham for $27 Million

Deanna Ting, Skift

Red Lion has made good on its promise to buy up more brands you've likely never heard of (or in this case, remembered much).

2 months ago

Is Hilton Hotels Next on HNA’s Asset-Selloff List?

Is Hilton Hotels Next on HNA’s Asset-Selloff List?

Patrick Clark, Bloomberg

While Hilton can probably weather through a sale of its shares owned by HNA, the bigger question is what happens to a company like Carlson Hotels, which is now 100 percent owned by HNA?

2 months ago