Articles tagged “mergers and acquisitions”

Shiji, the tech conglomerate with an investment from Alibaba, continues to snap up companies in a bid for hotel tech supremacy. It has nabbed IcePortal in the wake of that company's arch-rival Leonardo being snatched up last November by tech conglomerate Jonas.

InterContinental Hotel Group’s purchase of Six Senses Hotels Resorts Spas is consistent with its drive to boost its luxury portfolio with small yet well-defined brands that do not cannibalize one another. So smart.

Mixing business with friendship can be a risky thing but it sounds like the prospective new owners of Abercrombie & Kent share the same views on luxury travel.

Travel Tripper is taking on a distressed asset, Pegasus. Meh. But what's interesting is that Accel-KKR is backing the deal. The support by the private equity firm is yet another sign of more rollups of hotel tech companies to come against a backdrop of hotel software investments by Amadeus, Sabre, and Shiji.

A much improved PAL catches the eye of ANA, which aims to expand in Asia. The Philippine industry hopes it will greatly improve the slower growth in arrivals being seen from Japan.

Few companies other than activist investor Elliott Management expressed a serious interest in acquiring Travelport. Elliott twice lost potential private equity partners after they reviewed Travelport's books. The deal price is underwhelming, and that's a signal that some things haven't been going the company's way.

Switchfly, a travel tech firm specializing in loyalty and e-commerce upselling, has been taken over by private equity firms Golub Capital and L Capital.

Airbnb's move to offer more meetings spaces represents an example of one of Skift's 2019 Megatrends, as many giant online booking companies are looking for their next phases of growth by expanding into new areas.

It can take some airlines as long as a decade after a merger before they truly operate as one entity. But Alaska Airlines is working much faster to gobble up Virgin America. Part of that is because both carriers were relatively small. But by any standard, Alaska is moving quickly.

Is this the end of the story? We're willing to bet that this one still has more twists and turns to come.