Articles tagged “spacs”

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

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.

"For far too long the darlings of travel, like Booking.com and Expedia, have been the focus. With Amex GBT using their SPAC to go public, it now brings corporate travel…

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.

This week, Germany's Raus topped up its investment to attract more city dwellers and nature enthusiasts to its cabin getaways, while Mondee secured $20 million as it gears up to go public.

Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.

The corporate travel agency’s management team was fairly bullish during an investor day at the New York Stock Exchange on Tuesday, but can anyone really predict the true shape of business travel in the next year or two?

Interest in special-purpose acquisition companies, or SPACs, has fizzled. The sell-off in market silliness could mean that investing in a profitable leisure travel wholesaler like Mondee via a SPAC is no longer a high-risk calculation.

Hey, when opportunity knocks, answer the door if you think there is an ample addressable market. That's what Inspirato did as it develops a corporate rewards or incentive program and seeks to broaden its products into flights and adverture travel, as well.