One reason Vacasa's board looks more favorably about the Casago bid is because of the leverage that Davidson Kempner wields over Vacasa as a debt holder. If Vacasa accepts the investment firm's bid and the deal gets dragged out, then Davidson Kempner would be in the driver's seat.
The big three online travel agencies are generating almost three-quarters of the short-term rental revenue on the planet. The rest of the crowd is seeing their previous foothold diminishing.
Experiences has traditionally been a low-margin business so Airbnb was never going to make a go of it tethered to a niche offering. The challenge in going mainstream is to maintain some differentiation from rivals.
Are generative AI platforms going to make Booking Holdings irrelevant? That's unlikely. The real issue is to what extent the company's economics may suffer.
The U.S. risks missing out on billions in tourism revenue unless it modernizes its airport processes, slashes visa red tape, and takes other steps ahead of major sporting events.
DanCenter's success in India will serve as a test of Oyo’s ability to adapt a global brand to local market dynamics. If it works, expect more global vacation rental players to follow suit.