Articles tagged “mergers and acquisitions”

Online Travel

What the Sabre-Farelogix Antitrust Trial Could Reveal About Airline Technology

It's notable that we had a much easier time finding experts who supported Sabre's proposed merger of Farelogix than opponents. But this court case will be decided on legal nuances, and its outcome is impossible to predict. We pity the judge who has to endure this crash course in airline technology and distribution.
Business Travel

CEO Ninan Chacko Is Out at Travel Leaders Group

Ninan Chacko's abrupt exit as CEO of Travel Leaders Group elicited "wows" across the travel industry when people heard the news. The reasons behind his departure, and what new strategy controlling shareholder Certares Management has in mind is mere speculation for now.
Ground Transport

Omio Buys Rival Rome2Rio in Mashup of Door-to-Door Booking Sites

If search for travel looking for door-to door trip options was a massive potential market, then Expedia, Booking Holdings, Ctrip, or Google would have already snapped up these companies, which have been laboring around that premise for years. This stuff is hard to execute, as the relatively modest exit seems to show.
Hotels

Sykes Cottages Sold for $480 Million in a Bet on Tech-Led Short-Term Rentals

The deal gives a nice return to private equity firm Livingbridge, which bought Sykes in 2015 for about $75 million. What makes Sykes Cottages stand out is that it has fully built almost all of its technology on its own and has almost 80 percent direct bookings. New majority stakeholder Vitruvian is now placing a bet on short-term rentals.
Media and PR

Hotel Data Giant STR Acquired for $450 Million

Data and analytics are not just vital in the contemporary hospitality ecosystem but also big business. CoStar's acquisition of STR shows the overlap between traditional commercial real estate and the global hotel market.