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.
5 days ago
Sean O'Neill, Skift
Expect other travel tech players to pick up promising startups at a discount during the pandemic.
3 weeks 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.
3 weeks 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.
4 weeks 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.
4 weeks 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.
4 weeks 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.
3 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.
3 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
Ayanti Bera, Reuters
The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex's bid to buy Enett, and Sabre's bid to buy Farelogix. But ever since software firm Ebix offered to buy corporate travel firm Yatra in July 2019, the two companies have been squabbling. So this news isn't surprising.
4 months ago
Dennis Schaal, Skift
Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn't a core endeavor. That's especially true when you consider how Covid-19 has decimated demand for such properties in urban areas.
4 months ago
