Stride Travel

Travel Technology, Hospitality Management

Virgin Voyages | September 08, 2023

Virgin Voyages announced a $550 million funding round led by Ares Management for global expansion. Founder Tom McAlpin transitions to Chairman of the Board, while Nirmal Saverimuttu takes over as CEO, bringing extensive experience from Virgin Voyages' early days. Virgin Voyages looks forward to continued success and collaboration with investors, including Ares Management, to drive future growth and innovation. Read More

Destination and Tourism

The European Union | August 28, 2021

The European Union on Friday moved to reinstate COVID travel restrictions like quarantine and testing requirements for unvaccinated citizens of the United States and five other countries, two diplomats told Reuters. EU countries started a procedure to remove the United States from a list of countries whose citizens can travel to the 27-nation bloc without additional COVID restrictions. The non-binding list currently has 23 countries on it, including Japan, Qatar and...

Travel Technology

Nuvei | January 20, 2021

Nuvei, the payment technology partner of flourishing brands, announces report and overview of "Redefining travel payments in the post-COVID-19 era," a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Created as a team with Edgar, Dunn and Company ("EDC"), with investment from Visa, this far reaching study contains information, experiences and noteworthy insight for the travel...

Business Travel

Hersha Hospitality Management (HHM) | July 14, 2022

Monarch Alternative Capital LP, a leading investment firm with approximately $9.4 billion of assets under management, announced the purchase of three hotels in Orlando, Florida. Given the firm's established reputation within the market, Monarch was able to acquire the newly-built, high quality properties located in Orlando submarkets adjacent to Monarch's existing hotels at a discount to replacement cost in off-market transactions. With these acquisitions, Monarch's hospitality portf...