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,
The European Commission has extended the deadline for deciding on the Iberia and Air Europa merger until August 20. This new date provides more time to evaluate the latest concessions offered by Iberia, the parent
Brussels Plays the Waiting Game: Iberia-Air Europa Merger Deadline Extended Read More »
SITA announced its acquisition of Materna IPS, a leader in passenger handling for airports and airlines. The acquisition will reshape the entire aviation industry, creating the world’s most powerful passenger portfolio for airports and digital
A consortium led by US private equity firm Certares has taken over Germany’s FTI Group, the third largest tour operator in Europe. A consortium led by Certares, an investment company specializing in the travel and
Consortium led by Certares Acquires Germany’s FTI Group Read More »
Hilton has acquired a majority controlling interest in Sydell Group. This acquisition aims to globalize the NoMad Hotels brand, starting from its London base to luxury markets worldwide. By integrating NoMad into its brand portfolio,
Hilton Acquires Sydell Group to Expand NoMad Hotels Read More »
American Express Global Business Travel (Amex GBT), which is operated by Global Business Travel Group, Inc., has unveiled its plans to acquire CWT, a global business travel and meetings solutions provider. The deal, valued at
The European Commission (EU) announced that it has conditionally approved the proposed acquisition of Asiana Airlines by Korean Air Lines after in-depth investigation. The commission has looked into the merger that was announced in November
EU gives conditional approval of Korean Air Lines’ acquisition of Asiana Airlines Read More »
