A $2B bid fractures Sonesta's portfolio mid-turnaround, forcing layoffs
Service Properties Trust received an unsolicited bid for 68 hotels operated by Sonesta, creating operational uncertainty and prompting immediate workforce reduction.
Service Properties Trust received an unsolicited bid for 68 hotels operated by Sonesta, creating operational uncertainty and prompting immediate workforce reduction.
Booking.com is building its own payments system and expanding into India's business travel market, aiming to capture a larger share of the country's travel wallet beyond hotel bookings.
Luxury automaker Bentley is upweighting cultural partnerships across fashion, entertainment, hospitality, and gaming as paid media becomes increasingly expensive and less effective for reaching affluent audiences.
ONAR Holding Corporation closed $15M in Series A funding at a $25M pre-money valuation to acquire Advertise Purple, adding $17.1M in annual revenue and $4.4M in net income; company appointed interim CFO and is preparing for Nasdaq listing.
Virtuoso bestowed the title of Cruise Ambassador on Grant Holmes, Vice President of Cruise at ASmallWorld, elevating his role within the international travel agency network during annual conference.
A 2.2 billion yen office property transaction closed in Dubai as Japanese investors increase real estate allocations, alongside Dubai's private island development and wealth-attraction positioning.
Legora, a legal AI business, bypassed the typical startup underdog positioning by focusing on brand architecture first, enabling rapid global scale through five key marketing principles during launch campaign.