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Latin America’s Despegar Is on a Buying Spree Despite Pandemic Challenges

Ipanema Beach in Rio de Janeiro. Despegar is dealing with the coronavirus calamity, with a recovery yet to begin in much of Latin America. sandeepachetan.com / Flickr.com Skift Take: Despegar is playing the hand it’s been dealt during the depths of the coronavirus crisis, and that means it will cut costs, ensure liquidity, and be […]

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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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Travelport Receives $500 Million in Fresh Financing From Private Equity

Travelport CEO Greg Webb. The company said Friday it had received commitments for $500 million in financing from its private equity owners Siris Capital and Evergreen Coast Capital. Travelport Skift Take: The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute. […]

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Vacasa Grabs $108 Million in New Funding Led by Private Equity Investor Silver Lake

A mountain cabin in Sevierville, Tennessee, that’s managed by Portland, Oregon-based property rental management service Vacasa. Vacasa Skift Take: The coronavirus pandemic made some travel companies seem like dominoes stacked too closely together. But private equity will help some businesses like Vacasa escape this crisis without toppling over. — Sean O’Neill Read the Complete Story […]

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Expedia Group CEO Peter Kern on Navigating a Frenemy Relationship With Airbnb

Expedia Group CEO Peter Kern is open to a partnership with Airbnb. Expedia Group Skift Take: Many companies won’t reopen for business when coronavirus ebbs, but two that will definitely still be left standing will be Expedia Group and Airbnb. They could potentially find ways to cooperate in the face of bigger threats in the […]

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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 […]

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Expedia Grabs $3.2 Billion in Private Equity Financing and Appoints Peter Kern CEO

Peter Kern was appointed CEO of Expedia Group Expedia Group Skift Take: Barry Diller followed a familiar pattern and appointed someone he’s known for years and feels comfortable working with as CEO. Peter Kern will have no trouble working with Apollo and Silver Lake, and with making deep cuts because he is a private equity […]

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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 […]

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Private Equity Takes Control of Cendyn in a Bet on Hotel Tech

A view of a junior suite at the Fontainebleau Miami Beach hotel, which is a customer of Cendyn, a travel tech firm that has received additional investment from private equity. Fontainebleau Miami Beach Skift Take: Many hoteliers will be watching what Cendyn’s new president, Tim Sullivan, does to grow his company’s software suite, which offers […]

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South Africa’s Travelstart to Buy Corporate Travel Agency Club Travel

Pictured is Travelstart’s headquarters in Cape Town, South Africa. The online travel agency is expanding into managed travel. Travelstart Skift Take: Travelstart is taking a logical next step in expanding from its core leisure travel business into corporate travel through an acquisition. — Richard Holmes Read the Complete Story On Skift