Convene Buys UK Conference Provider Etc.venues for Reported $250 Million

A prestigious wine-producing pocket of Burgundy is now home to the new COMO Le Montrachet hotel.

This was discussed during the bilateral meeting between the Minister for Foreign Affairs and Tourism, Mr. Sylvestre Radegonde, and the High Commissioner-designate of Malawi to Seychelles

Vacation rentals across Hawaiʻi reported increases in supply and average daily rate (ADR), with lower demand and occupancy, in July 2023 compared to July 2022. In comparison to pre-pandemic July 2019, ADR was higher in July 2023 but vacation rental supply, demand and occupancy were lower.

China’s Trip.com has struck two new partnerships, covering the UK and Asia Pacific, to give customers the opportunity to delay or spread out payments for their purchases.

India-headquartered travel tech firm RateGain Travel Technologies is acquiring Adara, a Silicon Valley-based firm in travel martech and predictive consumer intelligence. The cost: a mere $16.1 million, according to RateGain’s filing on the Indian stock market, which puts Adara, long troubled with management and competition issues for the last few years, out of its misery.

When a company as large as Shopify, circa 10,000 employees, declares it is banning meetings that involve more than two people, change is afoot.

The Mexican government signed a deal with several aviation unions Friday to purchase the brand of the defunct Mexicana airline for 811.1 million Mexican pesos ($42.41 million), a union spokesman told Reuters.

Hotel real estate investor and management company Highgate signed a deal to acquire Viceroy Hotels & Resorts as Highgate intensifies its quest to add luxury lifestyle hotels to its already ample portfolio.

Good morning from Skift. It’s Thursday, January 5, and here’s what you need to know about the business of travel today.

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Australia’s Flight Centre Travel Group is buying UK-based tour operator Scott Dunn for $148 million (A$211 million), in a bid to expand into the U.S., as well as the UK.

Actor (and travel tech investor) Ashton Kutcher is at it again, as his Sound Ventures venture capital firm has co-led a $15 million investment in climate tech company Chooose.