Articles tagged “selina”

Daily Lodging Report

Selina Shareholders Prepare for More Dilution

Selina Hospitality’s existing shareholders face dilution as Osprey International Limited expedites its $6 million investment, impacting the company’s total share structure unfavorably.

Daily Lodging Report

Selina Receives Nasdaq Delisting Warning

Selina Hospitality received a delisting notice from Nasdaq due to its low stock price, but plans to implement a reverse stock split to regain compliance.

Daily Lodging Report

Selina’s Leaders Move to Soothe Worries

Selina issued an update, emphasizing management's confidence through executive stock conversions and alignment with shareholders, clarifying that insider stock sales were automatic transactions for tax purposes, not discretionary market sales.

Daily Lodging Report

Selina Becomes a Nickel Stock

Lodging stocks and the broader market traded and closed higher on Friday, but Selina decided to go its own way and closed at a new all-time low. 

Hotels

Selina’s London Hotel Shut by Landlord for Missed Rent Payments

Selina has been partly counting on the patience of owners and financial partners as it restructures to live another day. But at least one hotel owner ran out of patience.

Selina’s London Hotel Shut by Landlord for Missed Rent Payments

Online Travel

Travel Companies Laid Off Thousands in 2023 — See Which Ones

The short-term rental sector is growing, but property managers have been having a hard time as supply has outpaced demand.

Travel Companies Laid Off Thousands in 2023 — See Which Ones

Short-Term Rentals

Airbnb’s C-Suite Shuffle

Today's podcast looks at Airbnb's new CFO, Selina's restructuring, and how a merger between Alaska Airlines and Hawaiian would play out.

Airbnb’s C-Suite Shuffle

Hotels

Selina’s Struggle to Survive: What’s Next for the Hotel Brand

Selina hopes to avoid bankruptcy by seeking a restructuring out of court. Other travel companies that have similarly struggled after going public in a rocky market will watch closely.

Selina’s Struggle to Survive: What’s Next for the Hotel Brand

News Blog

Hotel Brand Selina Sees Upswing in Financial Performance

Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results. In the second quarter, the company generated $52.5 million in revenue, a bump of 15.9% year-over-year. Factors included higher occupancy rates, reductions in corporate overhead, and essentially…

Hotels

Selina’s Big Stock Swing

Today's edition of Skift's daily podcast looks closer at Selina’s stock drop, American Air’s pilot deal, and Omni Hotels’ ambitions.

Selina’s Big Stock Swing