The Travel Stocks Congress Loves to Trade
More than three dozen lawmakers and their spouses have traded stocks in travel companies — even as they oversee and regulate them.
Articles tagged “stock market”
Minor International to Take Private its Madrid-Based Hotel Company
The move would give Minor International more flexibility in managing its assets and capital and comes a month after the chairman announced an ambitious growth strategy
Indian Stock Exchange Launches Index to Track Travel Listings — India Report
A new stock market index to track the performance of the travel sector is an indicator of the segment's growth in India. Travel companies are having a dream run at the Indian bourses. It remains to be seen whether this demand will sustain over the long term.
First-Ever Direct Flight Between Cambodia and India Takes Off – India Report
Cambodian tourists have largely visited India for religious travel to Buddhist sites and for affordable medical treatments. Meanwhile, Cambodia is hoping to attract more Indians – but much more than a direct flight is needed to attract the Indian travelers.
TBO Tek Makes Strong Stock Market Debut – India Report
The TBO Tek shares made a strong debut on the Indian stock exchanges. This indicates a positive investor sentiment towards the travel and tourism segment.
Hotel Brand Selina’s Wild Ride as a Penny Stock: Here’s What We Know
Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.
IHG Doesn’t Rule Out Public Listing Move From London to New York
InterContinental Hotels Group (IHG Hotels & Resorts) CEO Keith Barr told the Financial Times this week that "several shareholders" had asked his team at an investor roadshow last month if…
Marriott’s India Operator Samhi Hotels Refiles Draft Papers, Cuts IPO Size
India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial…
Oyo Plans to Double Premium Hotel Count in Indonesia to 400
Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023.
Why 2021 Is the Year of the Travel IPO
So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.