ABERDEEN

TRAVEL TECHNOLOGY

TripActions | October 14, 2021

In less than a year, TripActions has secured a second massive funding round – this time $275 million in Series F growth funding. The round was led by Greenoaks Capital with participation from prior investors Elad Gil, Base Partners and all key existing financial investors and values TripActions at $7.25 billion on a post-money basis. The funding comes less than nine months after TripActions' Series E round of $155 million in January. The travel management ...

TRAVEL TECHNOLOGY, HOSPITALITY TRENDS

SiteMinder | August 23, 2022

SiteMinder, the world's leading open hotel commerce platform, has announced it will acquire industry acclaimed hotel guest engagement suite GuestJoy, a cloud-based app that allows hoteliers to automate personalised, direct, contactless guest communications before, during and after their stay. The acquisition, to be completed this year, follows the launch of SiteMinder's next generation platform in April - an all-in-one hotel commerce platform that unifies SiteMinder's ...

TRAVEL TECHNOLOGY

CIBT | June 22, 2022

On June 21, CIBT, a global leader in mobility services, announced the launch of an advanced version of its market-leading visa and immigration software, ImmiSMART. This updated version solidifies CIBT’s commitment to technological innovation in the global mobility sector. This launch comes just four months after CIBT acquired the mobility software platform developed by Viselio. With the help of ImmiSMART, companies can align their human resources, business travel, and global...

INDUSTRY OUTLOOK

Hyatt Hotels Corporation | September 28, 2021

Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today the pricing of its public offering of: $700.0 million aggregate principal amount of senior notes due 2023, which will bear interest at a fixed annual rate of 1.300%; $300.0 million aggregate principal amount of floating rate senior notes due 2023, which will bear interest at a rate equal to Compounded SOFR (as defined in the p...