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Articles tagged “spac”

Startups

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

The companies didn't say why the merger failed. But the popularity of going public via mergers with SPACs, or special purpose acquisition companies, is waning. At least 22 deals have fallen apart since mid-2021, said SPAC Research.

Niket Nishant, Reuters | 2 years ago

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

Business Travel

Travel Tech Firm Mondee Strikes Subscription Partnership Ahead of Going Public

Mondee's highly tactical deal taps into Arthur J. Gallagher & Co's sprawling network of small businesses and associations, which could drive subscriptions for its TripPlanet platform.

Matthew Parsons | 2 years ago

Travel Tech Firm Mondee Strikes Subscription Partnership Ahead of Going Public

Online Travel

Daily Podcast: Overvalued Online Travel IPOs

Good morning from Skift. It’s Wednesday, January 12, in New York City. Here’s what you need to know about the business of travel today.

Rashaad Jorden | 2 years ago

Daily Podcast: Overvalued Online Travel IPOs

Business Travel

What Makes Corporate Travel a Worthy Investment Now?

Behind the investor appetite as American Express Global Business Travel prepares to go public.

Matthew Parsons | 2 years ago

What Makes Corporate Travel a Worthy Investment Now?

Airline Weekly

Embraer’s Electric Aircraft Business Eve to Go Public Via $2.4 Billion SPAC

Embraer's air mobility startup Eve is the latest to cash in on the SPAC craze. The developer of electric vertical takeoff and landing, or eVTOLs, aircraft plans to list in New York with a $2.4 billion valuation, and more than 500 commitments for its aircraft.

2 years ago
Embraer’s Electric Aircraft Business Eve to Go Public Via $2.4 Billion SPAC

Travel Technology

Travel Tech Firm Mondee to Go Public in $1 Billion SPAC Deal

Mondee's flagship business is providing software to travel agents. Its pitch deck has ambitious predictions about how it can become a high-margin business. But the group is hedging its bets with a subscription model appealing directly to travel shoppers via its newish brands TripPlanet and Unpub.

Reuters | 2 years ago

Travel Tech Firm Mondee to Go Public in $1 Billion SPAC Deal

Hotels

Golden Nugget’s Parent Calls off $8.6 Billion Merger

There's no golden payoff — yet — for Golden Nugget owner Fertitta Entertainment after it called off a planned $8.6 billion SPAC listing.

Sohini Podder and Noor Zainab Hussain, Reuters | 2 years ago

Golden Nugget’s Parent Calls off $8.6 Billion Merger

Business Travel

Selina Moves Beyond Co-Living to Help Companies Hire New Remote Talent

Why is a hospitality brand entering the recruitment market? The answer lies in its co-living division, because not everyone’s there just to party.

Matthew Parsons | 2 years ago

Selina Moves Beyond Co-Living to Help Companies Hire New Remote Talent

Business Travel

Amex GBT to Go Public at $5.3 Billion Valuation in Apollo SPAC Deal

New investors include Sabre and Zoom — what does that tell you about the future of travel management?

Matthew Parsons | 2 years ago

Amex GBT to Go Public at $5.3 Billion Valuation in Apollo SPAC Deal

Hotels

Vacasa Bumps Up Revenue Target for 2022 as It Prepares for Public Debut

The vacation rental market is surging ahead, but that doesn't automatically lead to a profitable business for those operating in the space. But Vacasa's most recent quarter should give prospective investors more confidence.

Matthew Parsons | 2 years ago

Vacasa Bumps Up Revenue Target for 2022 as It Prepares for Public Debut