Destination Asia

PhocusWire | January 27, 2020

Argentina-based online travel agency Despegar is boosting its position in Mexico with the purchase of Best Day Travel Group for $136 million. According to a release, Best Day had revenue of $140 million in 2019 and EBITDA of $8 million, with 70% of its sales coming online. Despegar says this makes the transaction the largest in the Latin American travel intermediary space in terms of revenue and will allow it to increase its revenues by 25%. Approximately 75% of Best Day’s revenue is gener...

Hospitality Trends

Capital Square | July 22, 2022

Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, and Method Co., a real estate management, development and design company rooted in hospitality, today held a groundbreaking ceremony for a new design-forward, 50-unit development bridging the boutique hotel experience with apartment-style living, located at 529 King Street in Charleston's historic downtown. The $61 million proje...

Travel Technology

Travel, Travel agencies, Travel suppliers, Travel booking experience | June 21, 2021

The collaboration focuses on improving the Travelport+ platform by using AWS technology to increase processing capacity, speed up content delivery, and enhance customization capabilities in the booking experience. The global platform that links travel agents and suppliers, Travelport, will be moved to AWS. In addition, Travelport will rely on AWS Managed Services to offer trusted operational expertise to improve platform efficiency and security. “By utilizing ...

Business Travel

CWT | September 16, 2021

CWT, the Business-to-Business-for-Employees travel management platform, announced that it has entered into an agreement with financial stakeholders representing over 90% of the Company’s outstanding debt to recapitalize the business and further strengthen CWT’s financial position as the recovery in business travel continues to gain momentum in key markets around the world. CWT expects to begin soliciting formal approval of the plan from its existing financial stakehold...