Many accommodation providers are seeing a rise in the demand, driven by an increase in ‘bleisure’, last-minute and one-night weekender travel.
Sabre said the DOJ will need to file a complaint in a federal court before the deal closes if it plans to block the purchase.
GBT CEO Doug Anderson said the company had a “very active [mergers and acquisitions] pipeline”, with 15 potential deals in the works.
The subscription economy works because they’re betting on people not using it that much. If the utilization is very high, that will affect their margins.
Airbnb’s disruptive power stems from its ability to identify and meet evolving customer needs, not its technology.
RCI, the world's largest vacation exchange network as part of Wyndham Destinations, announced it has acquired travel technology platform Alliance Reservations Network (Alliance) for $92 million.
Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.
Total revenues were $3.9 billion, a 9% increase from the prior year while net income was in line with the prior year at $979 million.
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