AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals
Nothing underscores how mainstream vacation rentals have become as seeing institutional investors get in on the action.
Sean O’Neill is Skift’s Senior Hospitality Editor. Sean’s forte is reporting, and he’s broken multiple hotel industry scoops. He has also conducted 1:1 interviews on stage with the CEOs of Marriott, Hilton, IHG, Hyatt, and Wyndham.
Alaska Airlines Debuts Subscription Model for Flights
Alaska Airlines's new subscription service could shift the company's sales strategy. It may push the carrier to build lifetime customer value rather than see each purchase as a one-off transaction.
Sabre May Not Regain Pre-Pandemic Financial Levels Until 2025
Sabre's rebound will depend on a snapback in long-haul business travel, which has lagged the domestic leisure recovery. Yet the travel technology firm is wise to keep spending on much-needed system improvements despite the financial headwinds.
Certares and Hertz Lead Investment in Mobility Startup UFODrive
Hertz is now in a pole position among rental car brands in the race to adopt electric vehicles. Separately, it's notable that private equity firm Certares has begun placing venture equity bets in early-stage companies.
Secret Escapes Survived Pandemic Thanks to $74 Million Fundraising
Financial filings reveal how well deals specialist Secret Escapes was performing before the pandemic struck and how much venture capital backing it received during the crisis to stay afloat. The figures hint at how the company's recovery this year may play out.
Numa Raises $45 Million for Hotel Tech: Travel Startup Funding This Week
This week, seven travel startups collectively announced more than $75 million in funding. Names included Numa, which runs hotels and makes software for hotels, and Locomote, an Australian travel management company.
Vail Resorts Uproar Highlights a Subscription Model Risk
Some skiers say Vail Resorts had an epic fail with its Epic Pass. But the fascinating interplay between the U.S. ski giant's subscription model and its mergers-and-acquisitions strategy means it will maintain its dynamic stance.
Why This Hybrid Hospitality Brand Ripped Out Its Tech Stack
Einstein said space-time is warped by matter and energy. The Student Hotel has a big idea, too. It thinks about what it sells in a matrix of space and time. Hoteliers: Study up.
Online Travel Agencies to Tap Ticketmaster to Sell Live Events
Within a few months, online resellers such as Viator and GetYourGuide will offer U.S. concerts and sports at scale. Cross-selling will be a catchy melody in 2022.
Headout Raises $30 Million for Experiences: Travel Startup Funding This Week
If the pandemic fades in being disruptive, expect the experiences sector to draw a lot of investor interest.