Finance

Marriott International has purchased the 270-room W New York – Union Square in the heart of Manhattan’s dynamic Union Square neighbourhood. The company paid USD 206 million for the…

Holiday Extras, the UK market leader in holiday extras such as airport parking, airport hotels, lounges and travel insurance, announced the acquisition of airport hotel and parking…

The CRISIL credit rating rationale has assigned Thomas Cook India (TCIL) corporate credit rating of ‘CCR AA-’. Additionally, CRISIL has reaffirmed its ratings on the debt programmes and…

OYO Hotels and Homes will be raising USD 1.5 billion as part of a latest round of funding which will be utilised for expansion in the US and strengthen its vacation rentals business in…

All 555 Thomas Cook shops are to be bought by rival Hays Travel in a move that could save up to 2,500 jobs.

CoStar Group, a provider of commercial real estate information and analytics, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace…

EbixCash has acquired the corporate travel business from Cox & Kings for an undisclosed amount. This is its second acquisition in recent months, after its purchase of Yatra.com.…

VLeisure, the one-stop B2B travel marketplace connecting travel agents with inventory in over 147 countries, has announced a new credit service that will empower travel buyers.Using…

Wirecard, the global innovation company for digital financial technology and OYO, the hospitality business chain, have announced that they are exploring collaboration opportunities to…

Sansiri, Thailand’s leading real estate developer, announced its investment to increase its shareholding in Standard International Holdings (SIH), the parent company of The Standard, an…

Indian regulator Competition Commission of India (CCI) has approved the acquisition of 42.5% of outstanding voting shares in MakeMyTrip by Chinese online travel agency (OTA) Ctrip.…

Genting Hong Kong (GHK) announced that it has signed loan agreements of EUR 2.6 billion (USD 2.88 billion) with a consortium led by KfW IPEX-Bank for construction and post-delivery…

YES Bank has partnered with Travel Money, the foreign exchange brand of FCM Travel, to provide highly secure digital payment solutions coupled with a completely seamless experience to…

OYO Hotels & Homes has announced a first-of-its-kind offering for its customers, -- complimentary insurance cover for guests as part of the booking price in OYO properties across…

Vacation exchange network as part of Wyndham Destinations, RCI, announced it has acquired travel technology platform Alliance Reservations Network (Alliance) for USD 92 million. This…

Feeling the heat this summer, hotel chain Marriott has registered a drop of 65% in its net income for the second quarter of 2019 at USD 232 million compared to USD 667 million for the…

UK parents’ ultimate wish is to take their families to Disney World. Research from Sainsbury’s Bank Travel Insurance reveals parents are creating new family bucket lists – a list of…

To promote tourism in Phuket, Bangkok Airways recently organised the “Bangkok Airways Phuket Half Marathon”, the fourth running programme of the Bangkok Airways Boutique Series 2019 at…

YES Bank has acquired 18.55% stake in Cox and Kings on invocation of pledged shares. It has also acquired 30% stake in Ezeego One Travel & Tours, which is promoted by Cox &…

Chinese low-cost airline Okay Airways, has secured CNY 2.1 billion (USD 310 million) from its parent company Huatian Investment, after the latter changed its majority shareholder.…

Latvian airline airBaltic successfully placed a EUR 200 million (USD 223.17 million) issue 6.75% five-year bond becoming the largest corporate bond issue originating from Latvia. The…