Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.
Today's edition of Skift's daily podcast looks closer at a Choice and Wyndham combo, a good 'dirty' hostel company, and Memorial Day travel in the U.S.
a&o is part of the hospitality industry that honors refuse, repurpose, reduce as the new slogan in achieving its net-zero goal. And giving new life to old buildings on the way.
Shaky financial markets didn't deter Selina from debuting as a publicly traded company, taking advantage of a post-pandemic surge in youth travel. Critics pointed to its lack of profits. But fans praised the hotel brand's relentless experimentation in a sector that's often too cautious.
It's a tantalizing opportunity for Selina to start producing music festivals and wellness retreats at its hospitality venues through new brands. No lifestyle hotel group has cracked the festival space yet, and wellness has lots more room to run.
Startup Draper House, which is part of the billionaire investor's funding network, is the perfect embodiment of entrepreneurial tourism, a fast-growing sub sector that blends startup culture and venture capital with hospitality. Co-branding opportunities could help it expand rapidly.