Korean Air has launched new aircraft livery and corporate branding that will be introduced across the company as it combines with Asiana Airlines to become one of Asia’s biggest carriers. South Korea’s largest airline in […]
Korean Air Launches New Branding after $1.3 billion Asiana Acquisition Read More »
InterContinental Hotels Group PLC (IHG) has acquired from Ruby SARL the RubyTM brand and related intellectual property for initial purchase consideration of €110.5m (~$116m1). Ruby is a premium urban lifestyle brand for modern travellers in must-visit
Hyatt Hotels Corporation has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. (NASDAQ: PLYA, Playa) for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of
Hyatt Hotels Corporation to Acquire Playa Hotels & Resorts Read More »
Frontier Airlines is making another attempt to merge with Spirit Airlines, offering a $2.1 billion deal in stock and cash. If successful, the merger would unite the two largest ultra-low-cost carriers in the United States,
Frontier Airlines’ Second Attempt at Merging with Spirit Read More »
According to GlobalData, a leading data and analytics company, 715 deals, including mergers and acquisitions (M&A), private equity, and venture financing, were announced in the travel and tourism sector globally during 2024. This represented a
Travel and Tourism Sector Deal Activity Down in 2024 Read More »
ANA Holdings Co., Ltd. (ANAHD) has officially acquired 100% ownership of Peach Aviation, Japan’s first low-cost carrier (LCC), in a move aimed at strengthening its foothold in the Asian aviation market. The acquisition was finalized
Global travel and tourism deal activity has declined by 11% year-on-year during the first three quarters of 2024, with only 519 deals announced compared to 583 in the same period of 2023, according to GlobalData.
Global Travel and Tourism Deal Activity Drops 11% in Q1-Q3 2024 Read More »
Hyatt Hotels Corporation has announced the completed acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances
Hyatt Completes Acquisition of Standard International, The Standard and Bunkhouse Hotels Read More »
Hyatt Hotels Corporation has announced the acquisition of Standard International, the parent company behind the iconic hotel brands The Standard and Bunkhouse Hotels. This strategic acquisition, set to be finalized later this year, will bring
Hyatt Hotels Acquires Standard International, Expands Lifestyle Hotel Brands Read More »
BLS International, one of the world’s largest providers of visa, passport, and consular services, has announced the completion of its acquisition of Turkey-based iDATA and its subsidiaries for approximately $96 million. Established in 2005, BLS
The European Commission has approved Lufthansa’s acquisition of a 41% stake in ITA Airways for 325 million euros. This approval comes with conditions to address competition concerns on both short-haul and long-haul routes. To maintain
Travel and tourism deals witnessed a 10.9% year-on-year (YoY) decline in number, encompassing mergers and acquisitions (M&A), private equity (PE), and venture financing, announced globally during January-May 2024. Despite this downturn, PE deals showed improvement,
