Extended Stay America turned kitchenettes and weekly housekeeping into an over $6 billion business. Now everyone wants a piece. The model is usually resilient even during recessions.
Economic uncertainty brought on by mass layoffs in the federal government and the threat of tariffs are leading more airlines to revise their first-quarter forecasts.
Apart from the weakness of CWT, one of the most interesting things in the UK regulator's report is the rise of CTM and Navan. Even Spotnana and Kayak apparently had some substantial wins.
All of the sudden, the deal is showing some life. If the UK ultimately approves it next month, the acquisition would still have to get past a Department of Justice lawsuit seeking to kill it.