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Travel Companies Are Hiring Despite Epic Job Losses

Some luxury hotels in Chicago were working in February 2020 with Heartland Alliance, a nonprofit that helps refugees find jobs. Despite massive travel industry job losses around the world because of the coronavirus pandemic, some travel companies are indeed hiring. Adobe Stock Image Skift Take: Amidst the carnage, there are job openings in the travel […]

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Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Woman with face mask shopping. Private equity firm Silver Lake disclosed concessions it offered to push through the $2.6 billion sale of its Swiss payments company Global Blue. Adobe Skift Take: Global Blue helps luxury goods shops at airports process purchases by international travelers. Private equity firm Silver Lake’s attempted sale of it looks likely […]

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Travelport Seeks Sharper Distribution Edge Despite Pandemic’s Hit to Revenue

Southwest Airlines operations during the coronavirus outbreak in April 2020. Southwest added participation in Travelport’s reservation systems this year. Stephen M. Keller / Southwest Airlines Skift Take: Travelport’s response to the pandemic shows that purpose can defy skeptics. But uncertainty around the fate of its eNett sale may last for months. — Sean O’Neill Read […]

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Facebook Users Still Dream of Getaways: Here’s the List of Travel’s Most Popular Videos in June

An image from a trip to Norway on February 6, 2017. Travel brands’ Facebook videos are heavily weighted toward alluring destinations. Tony Armstrong-Sly / Flickr.com Skift Take: With travel to foreign countries still a tepid in many parts of the world, Facebook users are dreaming about vacations. Travel brands, particularly tourism boards and airlines, are […]

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Zolo Raises $56 Million for Co-Living: Travel Startup Funding This Week

Co-living means living with a lot of color, at least in India. Here’s an example of extended-stay lodging from Zolo, a startup based in Gurgaon, India. Zolo Skift Take: Dorms for grown-ups. No-questions-asked travel insurance. Basecamp for “team travel.” FareHarbor for ferries. Games for destinations. And more … — Sean O’Neill Read the Complete Story […]

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Accor Still Keen to Find Investors for Its Software Business Despite Pandemic Fallout

Mövenpick Cebu, a beachfront hotel on Mactan Island, in Cebu, Philippines, is affiliated with the Accor Hotels Group, which also offers D-Edge tech services to hotels. Accor wants a financial partner for D-Edge, its hotel tech services brand, which wants to expand its offerings to more than 11,500 hotels worldwide. Accor Skift Take: D-Edge needs […]

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Spain’s eDreams Odigeo Sees Revenue Hit Due to Crisis

Image of a French town. Frederic Jutant / EDreams Odigeo Skift Take: Analysts expected the revenue loss. They liked hearing that the travel group won’t need new financing. — Sean O’Neill Read the Complete Story On Skift

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New Booking Data Shows Lopsided Global Recovery Frustrating Travel Outfits

Raffles Hotel and Resorts opened its Raffles Bali property in July 2020, with 32 ocean view villas in Jimbaran. Accor Skift Take: You can’t really talk about a global recovery for the travel sector overall. Regions are out of sync, reveals new data from Travelport. Companies are affected differently, depending on their market exposure. — […]

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Expedia to Deliver Early Payday to Private Equity Investors

Expedia Group is looking to refinance $3.2 billion in private equity debt at a lower interest rate. Getty Images Skift Take: It’s no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company’s private equity debt a day later. Hey, whether you are a […]

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What a New Surcharge From Singapore Airlines Could Mean for Other Carriers

Singapore Airlines is adding a $12 penalty for bookings made on global distribution systems from next year. Skift Skift Take: It used to be just the European carriers that made bold statements like this against legacy distribution giants. Not anymore. — Matthew Parsons Read the Complete Story On Skift