Accelya to Buy Farelogix in Airline Tech Rollup

Vista Equity Partners founder, chairman, and CEO Robert F. Smith. Vista is investing in an airline tech services group. Vista Equity Partners Skift Take: Vista, the investor behind this merger of airline tech vendors Accelya and Farelogix, is no private equity tourist. The firm has committed tens of billions to technology businesses, and it shows … [Read more…]

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Cityscape of Buenos Aires, Argentina. JumpStory Skift Take: Despegar, Latin America’s largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe. — Sean O’Neill Casaba 18 inch Duffle Bag … [Read more…]

Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Dhruv Shringi, the co-founder of Yatra, has been CEO of the travel company based in Gurgaon for about 14 years. Yatra Skift Take: The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex’s bid to buy Enett, and Sabre’s bid to buy Farelogix. But … [Read more…]

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Pictured is an apartment building that was managed by Vacasa. Expedia Group shuttered its short-term rental service for buildings of this type. Vacasa Skift Take: Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn’t a core endeavor. That’s especially true when you consider how Covid-19 has decimated demand … [Read more…]

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

A view of Schiphol International Airport in Amsterdam, Netherlands in August 2018. Amsterdam-based Travix has been acquired by online travel giant Trip.com Group at a time when many smaller online travel agencies across Europe are looking for mergers and acquisitions. Piroschka van de Wouw / Reuters Skift Take: Smaller online travel agencies try to make … [Read more…]

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Pictured is Expedia Group chairman Barry Diller. Two private equity firms may invest in the company to get it through the coronavirus pandemic. Patrick Fallon / Bloomberg Skift Take: Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood … [Read more…]

Trump Administration Orders Shiji to Sell Hotel Tech Firm StayNTouch

Kevin King, chief operating officer of Shiji Group (left) spoke to Skift Senior Travel Tech Editor Sean O’Neill at Skift Tech Forum June 2019 in San Francisco. The Trump Administration on Friday demanded that Beijing-based Shiji unwind its acquisition of StayNTouch, the hotel property management system. Skift Skift Take: This is a highly unusual action. … [Read more…]

Amadeus Buys Optym’s Flight Network Planning Tech

Amadeus is acquiring Optym, a technology company that helps airlines with planning and scheduling their flight networks. Bloomberg Skift Take: Amadeus was smart to acquire Optym’s well-regarded software for helping airlines optimize their flight networks. While this deal is small, the tech giant is signaling its commitment to the airline technology and airport services space … [Read more…]

Despegar Buys Mexican Travel Agency Best Day for $136 Million

The staircase located at the edge of cliff at the Mayan Ruins of Tulum in Mexico. Brain & Storm / Flickr Skift Take: At a stroke, Despegar will boost its annual revenue by about 25 percent. Acquiring Best Day Travel Group, one of the largest travel agencies in Mexico, will also solidify its set of … [Read more…]

What the Sabre-Farelogix Antitrust Trial Could Reveal About Airline Technology

An image of a speaker’s dais at the U.S. Department of Justice. On Monday, a Delaware court began hearing arguments in the U.S. Department of Justice’s antitrust lawsuit against Sabre over an acquisition. Brendan Smialowski / Bloomberg Skift Take: It’s notable that we had a much easier time finding experts who supported Sabre’s proposed merger … [Read more…]