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Articles tagged “spac”

Online Travel

Traveloka Taps Brakes on $400 Million SPAC Deal to Go Public

Are special purpose acquisition companies losing their shine? We'll find out more in the coming months as other travel startups plan to go public.

Matthew Parsons, Skift | 3 years ago

Traveloka Taps Brakes on $400 Million SPAC Deal to Go Public

Airlines

Africa’s Air Seychelles Struggles to Survive Under New Creditor Pressure

A complicated affair involving several airlines and broader efforts by creditors to recover a total of $1.2 billion could close down the African airline.

Davide Barbuscia, Reuters | 3 years ago

Africa’s Air Seychelles Struggles to Survive Under New Creditor Pressure

Coronavirus

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

Sean O'Neill, Skift | 3 years ago

Why 2021 Is the Year of the Travel IPO

Hotels

Sonder Discovers Growth Comes at a Price as Losses Widen to $54 Million

The technology-focused hospitality company is feeling upbeat on future growth, as occupancy moves in the right direction, but its touted "stellar" results follow a quiet first quarter.

Matthew Parsons, Skift | 3 years ago

Sonder Discovers Growth Comes at a Price as Losses Widen to $54 Million

Online Travel

Indonesia’s Traveloka Reportedly Seeking $400 Million for SPAC Deal to Go Public

PayPal co-founder Peter Thiel and Hong Kong investor Richard Li are emerging as frontrunners with their Bridgetown Holdings venture to help this fast-growing travel startup finally list.

Matthew Parsons, Skift | 3 years ago

Indonesia’s Traveloka Reportedly Seeking $400 Million for SPAC Deal to Go Public

Online Travel

Lakestar Will Take HomeToGo Public in $1 Billion Bet on Vacation Rental Search

HomeToGo's move to go public is a validation of the booming vacation rental sector. It's also a rare accomplishment for a German-based startup. Europe had been playing a catchup game with Silicon Valley, but no longer.

Sean O'Neill, Skift | 3 years ago

Lakestar Will Take HomeToGo Public in $1 Billion Bet on Vacation Rental Search

Business Travel

TravelPerk’s Acquisition of a Rival Travel Agency Is Backed by This Secretive Hedge Fund

It's hard to say how far TravelPerk can go buying the UK's Click Travel, as it limits expansion to a mostly domestic market. But then its new investor has a reputation for spotting opportunities earlier than most.

Matthew Parsons, Skift | 3 years ago

TravelPerk’s Acquisition of a Rival Travel Agency Is Backed by This Secretive Hedge Fund

Online Travel

Lakestar Plans to Take HomeToGo Public in $1.2 Billion Bet on Vacation Rental Search

Who said investors no longer want to bet on consumer-facing travel startups that compete with Google? HomeToGo is in talks to go public via a blank-check company owned by Lakestar. It'll be an approximately $1.2 billion deal, sources tell Skift.

Sean O'Neill, Skift | 3 years ago

Lakestar Plans to Take HomeToGo Public in $1.2 Billion Bet on Vacation Rental Search

Coronavirus

Travel Helps to Fuel the Record-Setting $100 Billion in SPAC Deals Announced This Year

Travel companies increasingly looked to go public via SPACs this year, but the exuberance might be short-lived as a slowdown is likely in the U.S. Regulators are already looking into the explosion of activity.

Cameron Sperance, Skift | 3 years ago

Travel Helps to Fuel the Record-Setting $100 Billion in SPAC Deals Announced This Year

Hotels

Short-Term Rental Sector Could Be Headed for Its Own Dotcom Bubble Burst: HomeAway Co-Founder

It's a dire warning from one of the sector's most experienced founders and investors — but just don’t talk about trends until 2023, HomeAway's Carl Shepherd made a point to add.

Matthew Parsons, Skift | 3 years ago

Short-Term Rental Sector Could Be Headed for Its Own Dotcom Bubble Burst: HomeAway Co-Founder