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Articles tagged “spacs”

Online Travel

Traveloka Shuts Down Pandemic Business Launches to Refocus on Travel

Having weathered the Covid storm, Traveloka is back to doing what it believes it does best — selling travel.

Peden Doma Bhutia | 2 years ago

Traveloka Shuts Down Pandemic Business Launches to Refocus on Travel

News Blog

Selina’s Delayed Stock Market Debut Now Scheduled for Oct. 21

More than nine months after revealing its ambitions to list on the New York Stock Exchange, at a $1.2 billion valuation, self-styled lifestyle and experiential hotel company Selina has set a date to go public, by merging with BOA Acquisition Corp — a special purpose acquisition company (SPAC). The pair announced Monday that the registration…

Matthew Parsons | 2 years ago

Business Travel

TripActions Reportedly Files Paperwork to Go Public at $12 Billion Valuation

The corporate travel startup is picking an odd moment with financial markets generally in turmoil, but it's clearly banking on continued recovery in the sector.

Matthew Parsons | 2 years ago

TripActions Reportedly Files Paperwork to Go Public at $12 Billion Valuation

Business Travel

Amex GBT Stays Patient on China to Recoup Missing Revenue

There's still some way to go for the world's biggest corporate travel agency. Recovery is in its sights, and clinching JP Morgan is a major win, but as we've seen so far in 2022, a lot can happen over the next six months, with high hopes on China.

Matthew Parsons | 2 years ago

Amex GBT Stays Patient on China to Recoup Missing Revenue

News Blog

Thai Energy Giant PTT Will Invest in Traveloka

Thailand-based public firm PTT Oil and Retail Business (PTTOR) is set to invest in Indonesian travel superapp Traveloka, through its subsidiary, PTTOR International Holdings Singapore. While the value of the investment has not yet been disclosed, the retail arm of Thailand's state-owned energy giant PTT, through its collaboration with Traveloka, aims to provide additional lifestyle solutions to…

Peden Doma Bhutia | 2 years ago

Travel Technology

Travel Tech Rollup Mondee’s Public Debut Sets Stage for New Organic Growth

They did it. Despite the cratering of the stock market, Mondee went public on Nasdaq. Sure, most investors vetoed the blank check merger. But still, a win is a win — for now.

Sean O'Neill | 2 years ago

Travel Tech Rollup Mondee’s Public Debut Sets Stage for New Organic Growth

Short-Term Rentals

Vacasa Eliminates 25 Sales Jobs After Hiring Binge

Property management companies such as Vacasa and others in the short-term rental sector are under pressure and have been forced to reorganize.

Dennis Schaal | 2 years ago

Vacasa Eliminates 25 Sales Jobs After Hiring Binge

Hotels

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec

The hospitality brand has had to take action to reassure investors it's not over-stretching itself, because they'll now be expecting much higher revenues as travel roars back.

Matthew Parsons | 2 years ago

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec

News Blog

Amex GBT Shares Climb 13 Percent After First Day Trading

A smooth, steady start for American Express Global Business Travel during its stock market debut. The world’s largest corporate travel agency listed on the New York Stock Exchange on Tuesday, under the ticket symbol GBTG, following a business combination deal with Apollo Strategic Growth Capital. The parties initially announced the combination on December 3, 2021.…

Matthew Parsons | 2 years ago

Business Travel

Amex GBT to Start Trading as a Public Company on May 31

One of travel's most-anticipated SPACs, Amex GBT made it official Friday. It will start trading as a public company on the Tuesday after Memorial Day, smack into a volatile market. But signs of a fast-improving business travel recovery may be what investors choose to focus on.

Rashaad Jorden | 2 years ago

Amex GBT to Start Trading as a Public Company on May 31