Articles tagged “mergers and acquisitions”

Hotels adopting the airline industry's à la carte pricing model is a hot-button issue, but MCR Hotels CEO Tyler Morse is onto something by adopting it at venues like the TWA Hotel. The model can be the financial life raft hotel owners need after more than a year of decimated business.

Hopper is the latest travel brand to try its hand at selling experiences. It's taking on a task that's harder to do well at scale than it might seem.

Greg O'Hara of Certares argued that this is the easiest time to make travel investments ever — "if you are an expert." That's an important caveat, and we are skeptical that it is still not as easy as O'Hara lets on.

With the lifestyle hotel sector set to boom in the post-pandemic market, an industry-pioneering new joint venture between Accor and Ennismore is guiding the way forward.

In this conversation from 2021's Skift Global Forum, Carolyn Kremins, president at Skift, speaks with Michael D. Brown, president and CEO, Travel + Leisure Co. and Jaqueline Gifford, editor in chief, Travel + Leisure, about the future of subscription travel.

The pressure is on to show a big company like Accor can run cool hotel brands without losing the attention to detail that made them cool in the first place — Ennismore founder Sharan Pasricha's continued involvement is crucial in achieving this.

The bigger-is-better mantra of hotel management companies is a driving force behind the Benchmark-Pyramid merger. But this still doesn’t come into the same league as mega-manager Aimbridge Hospitality.

Expect more travel tech companies to mimic Plusgrade and get private equity backing to be able to do the acquisitions they need to grow during the recovery.

When they asked Willie Sutton why he robbed banks, he said, "Because that's where the money is." You could say the same thing about why the travel sector has had so much recent merger and investment in back-office travel payments.

There were naysayers after 9/11 that said people would never fly again in droves out of security concerns, and now Covid and its variant joint-venture partners have rocked the travel industry. History has shown, however, that "travel" and the human spirit are indomitable.