Skift Take A humbled Oyo will keep trying for an IPO, however it will need to wait some time longer. Dennis Schaal Oyo asked for permission from India regulators to update its IPO prospectus with more recent financial outcomes, which means its stock exchange launching could not occur up until late 2022 at the earliest, according to a source. The volatility of global stock markets, the break out...
Skift Take Although a growing variety of households aspire to travel together, persuading them to shell out big money for relatively dry experiences is a high order. So trip operators need to produce vibrant environments for children to make their journeys more attractive for the lucrative market. Rashaad Jorden Trip operators concentrating on high-end cultural trips– a lot of which take...
Skift Take Will the pandemic really alter the nature of tourist and cruising? That problem is being played out in Venice once again. Dennis Schaal The first cruise liner to leave Venice because coronavirus limitations were eased set sail on Saturday, however some local residents opposed over the go back to typical, dissatisfied about the passage of giant liners through the historic lagoon city...
Skift Take Legal disagreements with rival Zostel is the latest example of it being anything but smooth sailing for Oyo’s path to going public. Cameron Sperance SoftBank Group-backed Oyo Hotels and Rooms is facing a legal tussle with rival Zostel ahead of its approximately $1.2 billion market debut over a deal between the two Indian hospitality start-ups that broke down 6 years ago. Oyo is...
Skift Take The airline market might state it welcomes the pressure from financiers to be more green, but customers too, hold a massive quantity of sway about whether airlines can be truly more sustainable. The concerns is if travelers are willing to pony up more money to help the environment. Rashaad Jorden The airline industry is getting a lot of pressure from financiers and consumers to perform...
Skift Take In this video from Skift Future of Lodging Forum 2022, we speak with Jason Bryant, vice president, Nor1, Oracle Hospitality, and Robert Tanenbaum, handling director, Starwood Capital Group, on how automation and expert system can assist hoteliers enhance their offerings to satisfy altering visitor expectations and drive extra revenue over the next couple of years. Oracle Hospitality In...
Skift Take It’s been ten years given that Nobu hotels introduced, and the hospitality landscape is primed for another chef-owned brand to provide immersive cooking– and cultural– experiences. Carley Thornell What took place in Vegas didn’t stay in Vegas for chef Charlie Palmer and former 4 Seasons executive Christopher Hunsberger. It was there the two first worked together...
Skift Take The startup Dharma has a fresh concept for you: “take a trip brand name as a service.” It’s a white-label trip operator that runs on software automation and concentrates on specific niche consumer segments. Sean O’Neill This week, travel start-ups revealed more than $40 million in funding. >>Wanderlust Group, an innovation service provider in the marine and...
Skift Take The pandemic indeed has been a website to alter in so many ways, and the innovation is coming at the edges as it always does. Here are a few of the reasons that I am delighted about the travel market today, almost a decade into running and developing Skift. Rafat Ali The time right after our flagship conference Skift Global Online forum, from around mid-September ’til completion...
Skift Take Wyndham plans to throttle its recovery forward with a wave of worldwide openings this year. The unsure factor is if investors desire this, offered the business’s resilience throughout the pandemic stemmed from domestic travel need. Cameron Sperance Here’s a tasting of what the Daily Accommodations Report supplied to its readers this previous week. If you’re not a...