United Airlines is about to overhaul the long-haul business-class experience.
25.08.2023 - 13:07 / skift.com / Dennis Schaal / Nicolas Huss
Hotelbeds, which reportedly hired bankers a couple of months ago to ready an initial public offering, has appointed a new general counsel, and the hotel wholesaler touted her experience in compliance and taking companies public.
Sagrario Fernández, who now leads Hotelbeds’ legal and compliance teams, “brings a wealth of experience in IPO processes gained at private security services firm Prosegur Cash and Indra, a Spain-based IT and defence systems company, as well as in M&A and capital markets transactions,” the Hotelbeds announcement stated.
Fernández most recently was general counsel at Dia Group, a publicly traded Spain-based food chain with more than 30,000 employees.
Palma, Spain-headquartered Hotelbeds, which offers wholesale hotel rooms to tour operators, travel agents and airlines, was acquired by private equity firm Cinven and the Canada Pension Plan Investment Board from TUI Group in 2016 for 1.17 billion euros. Its valuation is said to currently be in the range of $4.9 billion to $6 billion (4.5 billion and 5.5 billion euros), according to the publication Expansion.
The company offers hotels from some 1995 destinations, and has more than 3,000 employees.
“Sagrario will play a key role in leading our strategic initiatives and will take Hotelbeds to new heights,” said Hotelbeds CEO Nicolas Huss said in a statement. “We are confident that, thanks to her extensive knowledge and experience, she will further strengthen our position as a leader in the global travel industry.”
Perhaps Fernández is another piece in Hotelbeds’ IPO considerations.
United Airlines is about to overhaul the long-haul business-class experience.
Thousands of Airbnbs and short-term rentals are about to be wiped off the map in New York City.
With its rich history, rejuvenated attractions, and picturesque beaches along the iconic Jersey Shore, there isn’t really a bad time to embark on a memorable journey to Atlantic City, the gaming and resort capital of the East Coast. From celebrity-chef restaurants and incredible Italian food to thrilling amusements, cultural landmarks to world-class entertainment, this seaside city is constantly evolving for a mix of modern and Atlantic City’s famous former glory.
Originally known as Crane Creek, Melbourne, FL, was renamed after the city’s first postmaster, Cornthwaite John Hector. British-born Hector relocated to Australia and flitted between Melbourne and New Zealand before settling in Florida. Fifty years after his death, the coastal area welcomed the first permanent rocket launch site. Nowadays, any trip to Melbourne orbits around the Space Coast although Brevard County has plenty to tempt surfers, seafarers, wildlife enthusiasts, and golfers. These family-friendly Melbourne, FL, hotels close to Cape Canaveral and beaches will leave you starry-eyed.
Airbnb and New York City have often had a tough relationship, one marked by lawsuits and other disputes. Airbnb has argued that New York City’s regulations have hurt its ability to do business, which the company believes will become more challenging when the city starts enforcing its host registration law regarding short-term rentals on September 5.
Ongoing demand for experiences points to a potential market worth hundreds of millions of dollars. With 70% of tours and activities still offline, companies are investing in tech that reduces booking friction and also enhancing the in-person experience.
Natalie Serse held general manager and director of sales roles at several New York hotels.
Ramsey, an accomplished professional with academic achievements from the University of Surrey, City University London, and Cornell University in New York, contributes a wealth of two decades’ worth of experience in the premium hospitality sector.
Like millions of other Americans, I got a dog during the pandemic.
Buoyed by the strong recovery in India’s domestic travel demand, online travel company Yatra.com plans to launch its Indian initial public offering by March next year.
General searches that take travelers to multiple websites and a broad selection of options need to be better, irrespective of what phase the consumer is in when planning their trip.
Good morning from Skift. It’s Wednesday, January 11, and here’s what you need to know about the business of travel today.