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BUSINESS TRAVEL

Hyatt Hotels Corporation | August 16, 2021

Hyatt Hotels Corporation today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to close in the fourth quarter of 2021, subject to customary closing conditions. ALG’s resort brand management platform AMResorts® provides management s...

INDUSTRY OUTLOOK

Novacap, Plusgrade | September 18, 2021

Gaining a foothold into the highly lucrative ancillary revenue market, leading Canadian private equity firm Novacap, announced today that it acquired a substantial equity interest in Montreal-based Plusgrade, the global market leader in upgrade technology and a key ancillary revenue partner for their more than 70 partners in air, cruise, and rail. Founded in 2009, Plusgrade helps airlines, cruise lines and rail operators manage and optimize revenue generated from seat upgrad...

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 Solutions | May 21, 2020

Industry Leaders Come Together in Strategic Partnership with T&M Protection Resources, LLC to Provide Bi-Weekly Data Reports to navigate the future of the Travel Industry. Travel Solutions USA, a hospitality industry p...