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Articles tagged “wework”

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Sam Nussey, Reuters

An expected operating profit of $3.1 billion doesn't sound too bad, but questions over SoftBank's future remain. One of its priorities will be overseeing a turnaround at Oyo.

2 months ago

Selina Hotels Step Up Against WeWork in Latin America

Selina Hotels Step Up Against WeWork in Latin America

Kristin Majcher, Skift

WeWork’s co-working model may be fledgling, but hotels are putting a twist on the concept to connect locals and digital nomads.

4 months ago

Oyo CEO Claims Backer SoftBank Isn’t Trying to Sway Its Hotel Strategy

Oyo CEO Claims Backer SoftBank Isn’t Trying to Sway Its Hotel Strategy

Dennis Schaal, Skift

WeWork's implosion is putting pressure on all of SoftBank's investments, Oyo included. If it's not changing course already, the budget hotel chain may soon have to decide whether, as CEO Ritesh Agarwal put it, to grow fast or grow right.

5 months ago

Selina, Backed by Former WeWork CEO, Seeks $500 Million Fund for Hosting Millennial Travelers

Selina, Backed by Former WeWork CEO, Seeks $500 Million Fund for Hosting Millennial Travelers

Gillian Tan, Bloomberg

Selina, which provides travelers with co-working spaces and hotel-style lodging, hopes to raise a $500 million fund to invest in U.S. real estate. If it meets its goal, it will reassure investors that it remains untarnished by WeWork's recent bad publicity.

6 months ago

A New Wellness Hotel Gambles on Las Vegas

A New Wellness Hotel Gambles on Las Vegas

Leslie Barrie, Skift

It’s difficult to say whether a wellness-themed hotel in Las Vegas can really take off. If the current state of the wellness industry is any indicator, the odds are (sort of) good.

7 months ago

Soho House Is Turning to Co-Working to Give It an Edge Over WeWork

Soho House Is Turning to Co-Working to Give It an Edge Over WeWork

Chris Bryant, Bloomberg

Sounds a lot like our Skift Megatrend from this year: "The hotel of the future is everything to everyone" where co-working, co-living, hotels, and private clubs are all blended together.

1 year ago

Airbnb and WeWork Test a Shared Workspace Program for Business Travelers

Airbnb and WeWork Test a Shared Workspace Program for Business Travelers

Olivia Zaleski, Bloomberg

This kind of partnership makes a lot of sense for a number of reasons, especially as Airbnb attempts to grow its business travel business even more on that road to an IPO. It will also be interesting to see if WeWork integrates its own WeLive co-living spaces into the Airbnb ecosystem.

3 years ago

Co-Working and the Sharing Economy Converge in Short-Term Home Office Rentals

Co-Working and the Sharing Economy Converge in Short-Term Home Office Rentals

Danica Kirka, Associated Press

The growth of short-term home office rentals poses yet another potential threat to hotels' traditional stronghold on meeting and event, or alternative work spaces. Smart hotels should, like Ian Schrager recently suggested, start thinking about getting into the co-working game to convert potentially empty, unbooked meeting spaces.

3 years ago