Travelport said Monday that it has raised $570 million in new equity from investors.
Travelport said Monday that it has raised $570 million in new equity from investors.
Hotelbeds, which had planned on an IPO in Spain this summer, has reportedly delayed those ambitions until the tail end of 2024 or early next year.
It’s been two months since Liberty Tripadvisor announced it was exploring a potential sale of itself and Tripadvisor, which it controls. Tripadvisor, in turn, formed an independent committee to vet any deals.
Ever since Liberty Tripadvisor disclosed in early February that it was exploring a potential transaction in which itself and Tripadvisor would be acquired in an all-cash deal, speculation was rife that a private equity firm was behind the possible move.
This was the year the short-term rentals industry saw it all — the good, the bad and the ugly.
The Dean Hotel Group, which runs a handful of high-end properties in Ireland, has sold a majority stake to an investment vehicle backed by Elliott Management.
Embracing the fervor of the Cricket World Cup in India, MakeMyTrip is diving headfirst into the event that’s expected to attract a massive audience. In its latest campaign, the online travel company is enlisting cricket superfans to ensure the quality and hospitality standards of its homestays and villas.
Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel.
Cendyn, a software company that offers customer relationship management, digital marketing, and operations tools to hotels, has hired a new chief executive.
Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers’ need for capital to meet soaring demand for planes and parts risks further turbulence, executives said.
Australian short-term rental operator Alloggio will be taken private by private equity firm Next Capital. If approved by a shareholder vote in July, the deal will be worth around $40 million (AU $60 million).
It may have taken a quarter century for Extended Stay America to find its stars aligned. Yet several factors, such as U.S. infrastructure spending and the resilience of blended travel, look ready to support U.S. domestic demand for extended-stay hotels. And privately owned Extended Stay America has been adjusting its strategy to benefit from these trends over the next few years.
The privatisation of a controlling stake in SATA Internacional is attracting interest from European airlines and private equity funds, increasing the chances of a successful sale, the small Azorean carrier’s new CEO, Teresa Goncalves, said on Friday.
Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments.
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.
Private jet company Wheels Up Experience is in talks with lenders about a debt restructuring while exploring other options to avoid bankruptcy, the Wall Street Journal reported on Friday.
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