Goldman sachs tips

In-person events and conferences are set to drive corporate travel’s recovery throughout 2023, as employees look for more human connections.

Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report.

Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to “accelerate the expansion of its customer base.”

Three travel tech startups raised nearly $202 million this week.

Skift kept an eye through much of 2022 on which travel tech startups raised money, documented in this weekly startup funding roundup. 

The hotel tech startup Mews has raised $185 million, a number high above typical venture capital fundraises in that industry. 

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.