Bloomberg
What are hotel portfolios to the Blackstone Group if not mere commodities to be bought, sold, and reacquired. The real estate giant has done this several times before, and may do it again with the Anbang portfolio unless another bidder prevails.
3 days ago
Raini Hamdi, Skift
Langham has expanded in North America, China, and Australia, but not in Europe, where its acquisition of The Langham, London, gave it the brand. A new wave of development earmarks Europe as a priority, and the company wants to enter the resort space as well. But before all that can happen, it needs to further raise brand awareness.
1 week ago
Sean O'Neill, Skift
RateGain, a travel tech company backed by private equity, said it has begun a roll-up of hotel tech vendors. It joins a party led by Shiji, Amadeus, Accel-KKR-backed Travel Tripper, Sabre, and Jonas Software.
1 week ago
Richard Holmes, Skift
Travelstart is taking a logical next step in expanding from its core leisure travel business into corporate travel through an acquisition.
2 weeks ago
Brian Sumers, Skift
Thirteen years is a long time to stay at one corporation. Perhaps JetBlue needs some fresh blood. Or maybe Chief Commericial Officer Marty St. George just wants a change of pace.
3 weeks ago
Sean O'Neill, Skift
Vacasa, Evolve, and other startups have stormed the U.S. vacation rental market by offering tech-savvy property management services. The business model is now about to sweep Europe, too.
3 months ago
Deanna Ting, Skift
Accor as a takeover target? Stranger things have happened. (Anbang, anyone?) No matter what transpires in hospitality going forward, though, it's clear that consolidation is here to stay.
3 months ago
John J. Edwards , Bloomberg
It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.
3 months ago
Sean O'Neill, Skift
Automated bag-drop technology may be widespread at major airports, but the rest of the world still has to add the equipment needed for passengers to scan their own bags. Amadeus aims to help sell those machines now that it has bought ICM. Amadeus is positioning itself to compete assertively with airline-owned SITA for airport tech sales.
3 months ago
Raini Hamdi, Skift
The name Leela is held in the same esteem as India's other legacy hotel brands such as Taj and Oberoi. Will it ever be the same again under Canada's Brookfield, an asset manager rather than a brand manager?
3 months ago
Sean O'Neill, Skift
Investor 777 Partners has bought tech company Air Black Box, while online agency Kiwi has taken a stake in reservation system AeroCRS. These deals hint at a growing interest among airlines to use tech to build marketing alliances that differ from traditional codeshares. The true winner may be smaller airports, which stand to gain traffic.
4 months ago
Dennis Schaal, Skift
On the surface, HotelTonight got a lowish deal from Airbnb. But with roughly half in stock, the price tag could look very upbeat if Airbnb's stock soars in an initial public offering.
4 months ago