Sean O'Neill, Skift
Many hoteliers will be watching what Cendyn's new president, Tim Sullivan, does to grow his company's software suite, which offers tools for automated marketing, business intelligence, and group sales management. Can it fend off competitors?
3 months 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.
3 months ago
Sean O'Neill, Skift
A top-tier private equity firm like General Atlantic should provide a strong tailwind for Kiwi as it branches out from selling plane tickets into other types of travel. But it's a bit surprising that Ctrip.com or another travel conglomerate didn't bite instead.
4 months ago
Patrick Whyte, Skift
Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?
4 months ago
Sean O'Neill, Skift
Travel Tripper is taking on a distressed asset, Pegasus. Meh. But what's interesting is that Accel-KKR is backing the deal. The support by the private equity firm is yet another sign of more rollups of hotel tech companies to come against a backdrop of hotel software investments by Amadeus, Sabre, and Shiji.
8 months ago
Sean O'Neill, Skift
Few companies other than activist investor Elliott Management expressed a serious interest in acquiring Travelport. Elliott twice lost potential private equity partners after they reviewed Travelport's books. The deal price is underwhelming, and that's a signal that some things haven't been going the company's way.
8 months ago
Sean O'Neill, Skift
Switchfly, a travel tech firm specializing in loyalty and e-commerce upselling, has been taken over by private equity firms Golub Capital and L Capital.
8 months ago
Sean O'Neill, Skift
The early consensus is that Elliott Management put together a disappointing deal for investors. We cover the case for and against the deal here. But expect larger Travelport investors to consider resisting the deal or hope that a white knight acquirer rides in with a better offer.
10 months ago
Sean O'Neill, Skift
The long-predicted buyout of public-company Travelport has happened at a premium of about twice the market capitalization of the company. Expect a spinout of the company's eNett payments division and the proverbial "cost restructuring."
10 months ago
Sean O'Neill, Skift
Travelport has only been on the public market for four years, but hedge fund Elliott Management believes it can engineer a leveraged buyout that will unlock more value from the company. A spin-off of payments unit eNett is a likely early goal.
10 months ago
Jeremy Hill, Bloomberg
Upper90's joint venture hospitality developer Domio is further testament to the transformation of the hotel industry as new money goes into apartment-style properties rather than boxy, chain hotels. Investments like these will also contribute to urban gentrification.
12 months ago
Dennis Schaal, Skift
Did Hotels.com co-founders Bob Diener and Dave Litman do it again with Getaroom? Certainly not on the same scale, but Court Square's acquisition of Getaroom looks like a winner for the duo, who self-funded their latest venture in travel.
1 year ago
