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 “stocks”
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.
Selina’s Big Stock Swing
Today's edition of Skift's daily podcast looks closer at Selina’s stock drop, American Air’s pilot deal, and Omni Hotels’ ambitions.
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…
Hotel Groups Deploy Swelling Cash Piles With Varied Playbooks
The big hotel groups sit on a $7 billion cash pile. How they use it, whether it's to acquire properties, improve their offerings, or buy back stocks, will shape their futures.
Charts: Big 3 Online Travel Companies Finish the First Half at 52-Week Stock Price Lows
Stubborn inflation and fears of recession pushed Airbnb, Booking Holdings, and Expedia Group toward marking 52-week stock price lows on Thursday, the last day of the second quarter, as seen…
Why Sonder Faces a Long Road Back — And Vacasa May Be Next
The short-term rental manager says the changes will let it turn cash flow positive next year, but it may face a cash squeeze before it gets there. Watch out for the very similar Vacasa, too.