Travel Magic

HOSPITALITY TRENDS

Trinity Investments | December 22, 2021

An investment fund managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), announced the acquisition of a 50 percent interest in Omni San Diego Hotel from JMI Realty, who originally developed the hotel in conjunction with Petco Park in 2004. Omni Hotels & Resorts (“Omni”) owns the remaining fifty percent interest in the hotel and will continue to manage it. The acquisition also includes more than 13,000 square feet of ful...

DESTINATION AND TOURISM

Lonely Planet | November 18, 2022

Global travel authority Lonely Planet has unveiled its top destinations to visit next year with the release of Lonely Planet's Best in Travel 2023. Lonely Planet's annual marquee moment celebrates its expert predictions for where to go in the year ahead. Best in Travel 2023 is Lonely Planet's 18th annual collection, featuring 30 must-visit destinations around the globe. As part of its larger ambition to deliver an engaging product that solves proac...

COMMERCIAL TRAVEL

Despegar | May 09, 2022

Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, announced that it has agreed to acquire TVLX Viagens e Turismo S.A (“Viajanet”), one of the leading online travel agencies in Brazil, for a total consideration of approximately US$15 million and subject to customary closing conditions. Under the terms of the agreement, 60% of the purchase price will be payable at closing, 20% in 24 months and the remaining 20% in 36 months.V...

TRAVEL TECHNOLOGY

Xeni | March 16, 2022

Xeni is modern infrastructure for travel built using blockchain. The platform allows clients to launch their own web-based travel agency with a custom booking engine, traveler interface, CRM, and payment settlement engine. It offers smaller travel resellers full control over their commissions and an online experience that is currently only available to the largest organizations. Through their partnership, Xeni will leverage Techspian’s travel technology and industry experien...