Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results.
25.08.2023 - 13:06 / skift.com / Sean Oneill
Buying a share in a company typically involves hoping the stock price rises over time and maybe means sharing in dividends. But Selina, an upstart hospitality brand, said on Wednesday it has a new enticement for people to buy its stock — discounts and freebies at its properties.
“Today, investing extends beyond the balance sheet,” said co-founder and CEO Rafael Museri.
Selina shareholders will be able to enjoy upgrades at the company’s hostel-style lodging, discounts or free breakfasts at its restaurants, lake checkouts, access to co-working spaces, and “exclusive event invitations,” depending on a variety of factors via the Selina Shareholders Program.
Selina isn’t the only travel company to try this. Carnival Cruise Lines, Norwegian Cruise Lines, and Royal Caribbean Cruise Lines have long offered onboard credit per stateroom on select sailings to confirmed shareholders. Intercontinental Hotels Group (IHG) has for years let shareholders enjoy discounts at their hotels if they book through a private website available by emailing the company’s registrar with proof a person holds shares in certified form.
But Selina has innovated, making the process to verify that someone holds shares fully digital. The process appears to be more seamless than what other travel companies have offered.
On Selina’s investor page, shareholders can link their online, U.S.-based brokerage account for verification. Other eligibility requirements can be satisfied online, and bigger investors can enjoy bigger benefits. After vetting, the company aims to send shareholders access to benefits within five business days.
“We extend a special thank you to retail-focused investor relations agency, Equity Animal, along with our technology partner, Stakeholder Labs, for their collaboration in creating the Selina Members Club,” said Sam Khazary, executive vice president and global head of corporate development.
”The Selina Members Club is not only a strategic move to strengthen relationships with customers who are also shareholders,” Khazary said. “It also serves as an expression of gratitude for their steadfast support.”
Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results.
Hotel guests of Hilton will soon be able to rest and recharge themselves — and their own electric vehicle at the same time. The popular hotel chain has teamed up with Tesla to add 20,000 Universal Wall Connectors at 2,000 Hilton hotel properties throughout North America, Hilton shared with Travel + Leisure this week. Each hotel will have at least six chargers on-site, creating the largest overnight electric vehicle charging network. The first locations distributed across the United States, Canada, and Mexico will come online in early 2024. “Through this expanded agreement with Tesla, we are significantly changing the landscape of universal EV chargers in North America in an incredibly short amount of time,” Hilton’s Chief Brand Officer Matt Schuyler said of the hotel company's announcement.
Whether you’re headed to Chile for the deserts of the north, glacial parks of the south, or the vast Pacific Coast, no itinerary is complete without a closer look at the Andes. Overlooking Mount Mocoen, within Fundo San Francisco de los Andes, this Airbnb gives you tiny house living with the Andean Range as your backyard – a mere two hours north of Santiago and 35 minutes from San Esteban, Valparaíso.
Sandals Resorts International (SRI), parent company of Sandals Resorts and Beaches Resorts, took home 13 awards at the 30th Annual World Travel Awards Caribbean & The Americas Gala Ceremony on August 26th.
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Hotel company Sonesta said on Tuesday it would launch a new brand, Sonesta Essential, and offer a just-added brand, The James, to developers.
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The Travel Corporation has merged its six brands into one Global Tour Rewards program, with brand awareness behind this seemingly vanilla approach to loyalty. Trafalgar, Insight Vacations, Luxury Gold, Costsaver, Brendan Vacations, and Contiki are now aligned under one rewards program.
When guests drive up to Marina Riviera, a boutique hotel in Big Bear, California that opened in the autumn of 2022, they won’t see a big sign for Casetta, the parent company that founded the hotel portfolio in 2019. Nor will they see its Casetta floral logo splashed on every corner of the lobby (look closely on the bath products and robes, though, and you’ll find it).
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Kayak exited the business of opening hotels and branding them as Kayak hotels, Skift has learned.