Skift Take
In Skift’s top travel stories today, we covered the Expedia CEO’s take on Airbnb, the Hyatt-Apple Leisure deal, 2 online travel veterans launching a hotel distribution network, the unsettled fines of unruly leaflets, to name a few subjects.
Dennis Schaal, Skift
Throughout the week we are publishing initial stories night and day covering news and travel trends, including on the effect of coronavirus. Every weekend we will offer you a chance to check out the most important stories again in case you missed them previously.
Expedia CEO See Airbnb as ‘One-Dimensional:’ Peter Kern is proper that Expedia Group presently offers wider travel services than do Airbnb and Reservation Holdings, but whether Expedia can pick up speed on its rivals and can carry out on its method are completely various concerns.
Don’t Call Us Oyo: Online Travel Veterans Launch Hotel Distribution Network With Distinct Model: Oyo made headings for offering hotels a minimum profits guarantee in exchange for taking control of hotel operations. Bob Diener and David Litman are doing it with a twist– trying to drive need to choose hotels to take service from their peers in exchange for significant margins on each sale.
Why This Brand-new Luxury Hotel in Venice Is Hopping on the NFT Frenzy: Ca’ di Dio is the first Venetian luxury hotel to provide a reservation through the trendy asset class NFT, or non-fungible token. Smart hotels everywhere are trying fresh ways to appeal to niche audiences, rather of just count on Booking.com & business.
Hyatt’s $2.7 Billion Apple Leisure Group Acquisition Fuels European Development Hyatt’s Apple Leisure Group acquisition provides it a major increase in its preferred growth into Europe. However it is also a shot across the acquiesce rivals like Marriott and Hilton in addition to smaller sized brands. The fight is on to expand into the high-end leisure travel and all-encompassing resort sector.
Travel Tech Company RateGain to Note as a Public Company in India: RateGain, a 15-year-old travel tech firm, wishes to position itself for development post-pandemic by raising capital. Its personal equity sponsor TA Associates also wants a payday, and no surprise.
Trip Operators Turn to Strategic Collaborations to Drive Post-Pandemic Company: Although a number of trip operators are delighting in success in pandemic-induced partnerships, why weren’t those partnerships part of the mix formerly? It’s possible that lots of tour operators have actually missed out on lucrative opportunities for years by not looking for rewarding partnerships.
Southwest Business Wants to Do More Than Just Fly Corporate Travelers to Conferences: What a difference a year makes. The airline company’s organization travel division has, finally, included Sabre, but is also preparing to add a shopping mall-style loyalty program. Will this finish its corporate-friendly change?
Fines Released to Unruly Flyers Now Leading $1 Million However Has Anybody Paid Up?: Fines for unruly guests are rising, however without prosecutorial authority, the Federal Air travel Administration’s hands are connected. If disruptive and dangerous behavior is going to pertain to an end, the FAA must be offered the means to make unruly passenger behavior the crime that it is. It’s time for Congress to step up to the plate.
Travel’s Fastest-Growing U.S. Small companies Deal a Glimpse Into These Emerging Patterns: The pandemic catapulted a few specific niche developments into widespread usage, benefiting a few fast-moving travel companies. Lists reoccur, but take note of the underlying trends that will last after the crisis passes.
How 2021 Hotel M&A Is Forming Up After the Hyatt-Apple Leisure Offer: The value of announced acquisitions this year is already 3 times that for the deals in all of 2020. We pulled together the leading hotel acquisitions for 2021 for you by dollar quantity, some deals tactical, some less so. The speed is vigorous however the effect from the Delta version might extremely well reverse the momentum heading into fall.
Online Travel Hopper’s Metamorphosis From Flight Selling to Fintech: Travel startup Hopper has actually raised $175 million in additional financial investment, underscoring the capacity of its financial services items and providing a fascinating case study in new appetites in travel for fintech. It appears very much in the cards that the business will go public by, state, 2022.