Articles tagged “selina”

The pledged capital injection from Global University Systems, a long-time player in for-profit education, is tiny. But its for-profit discipline is what Selina needs. In that vein, Selina will cut up to 350 jobs.

Selina is like a Tesla Roadster sportscar driving down California's Highway 101 on a sunny day while a malfunctioning hood is popping open and the battery's struggling to hold its charge. Everything's fixable, and the views are great. But repairs are urgent.

Companies that went hybrid are now being urged to "reuse" their office spaces by renting them out to other remote workers. Here we go again.

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. Vacasa’s stock price plunged well into penny stock category, joining Sonder, before recovering somewhat, ending the day down -25%.

The viewpoints from a major hotel chain and independent specialist reinforce the idea that accommodating remote workers is going to be challenging.

You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.

For any travel company that leans on a membership model, offering a tiny slice of equity is a cost-effective way to grow an army of loyal guests — but only if the brand is strong enough. If institutional investors continue to shy away, crowdfunding could take off in 2023.

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.

Can a hotel brand retain a uniqueness across its properties when expanding? Selina thinks so, and has been trying to convince potential investors it’s (almost) got the magic formula for a mass market cool factor. Still, it admits it’s stepping into the unknown with these hurdles to face.

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.