Tag Archives: acquisition

Swissport Expands E-Commerce Logistics Capabilities with Acquisition of ViaEurope

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(IN SHORT) Swissport International has acquired ViaEurope, a logistics company specializing in cross-border e-commerce solutions, enhancing Swissport’s cargo handling capabilities. This integration provides a comprehensive, single-point service for shippers, airlines, and freight forwarders, covering all logistics stages from aircraft handling to final delivery. With ViaEurope’s expertise at major European airports, Swissport aims to streamline lead… Read the full press release

Alaska Airlines Completes Hawaiian Airlines Acquisition, Unlocking Expanded Travel Options and Loyalty Benefits

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Enables guests to reach 141 destinations directly, including 29 international markets, and over 1,200 destinations globally through the oneworld Alliance and global partners. Maintains the distinct brands of Alaska Airlines and Hawaiian Airlines. Establishes Honolulu as its second largest hub. Beginning soon, provides HawaiianMiles members and Mileage Plan members with the ability to transfer miles between… Read the full press release

Qantas Expands its Reach in Online Travel with Acquisition of TripADeal

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(IN SHORT) Qantas is set to acquire the remaining 49% stake in TripADeal, a move aimed at bolstering its presence in the online holiday packages market. With a focus on enhancing Qantas Loyalty’s engagement with travelers and capitalizing on curated tour experiences, the acquisition underscores Qantas’ commitment to delivering value for shareholders. TripADeal’s remarkable growth… Read the full press release

Hilton Expands into Luxury Lifestyle Market with Acquisition of Sydell Group’s NoMad Brand

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(IN SHORT) Hilton has acquired a majority controlling interest in Sydell Group to expand its NoMad Hotels brand globally, marking its entry into the luxury lifestyle hotel market. Led by founder Andrew Zobler, Sydell has created dynamic lifestyle brands, including NoMad, known for exceptional food and beverage offerings, interior design, and service. With plans for… Read the full press release

Choice Hotels Withdraws Exchange Offer and Expands Share Repurchase Program: Update on Wyndham Acquisition Proposal

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Announces Expiration of Exchange Offer and Withdrawal of Independent Director Candidates for Election at Wyndham’s 2024 Annual Meeting Increases Share Repurchase Authorization (IN SHORT) Choice Hotels International, Inc. provided an update on its exchange offer to acquire Wyndham Hotels & Resorts, Inc., announcing the expiration of the offer and the withdrawal of its independent director candidates… Read the full press release

Revitalization in Melbourne Docklands: TFE Hotels to Operate Vibe Hotel Amidst Area Renaissance

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(IN SHORT) TFE Hotels announces its operation of the newly rebranded 273-room Vibe Hotel Melbourne Docklands and Storehouse Docklands restaurant, alongside new owners MA Financial Group, starting April 8th. The move follows the significant development momentum in the Docklands precinct, including a $250M upgrade to Marvel Stadium, mixed-use projects, and revitalization efforts. Chris Sedgwick, TFE… Read the full press release

Emirates Flight Catering Completes Acquisition of Bustanica, World’s Largest Indoor Vertical Farm

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The acquisition makes Bustanica a 100% UAE-owned agriculture venture (IN SHORT) Emirates Flight Catering has finalized the acquisition of Emirates Bustanica, formerly known as Emirates Crop One, solidifying its status as the world’s largest indoor vertical farm. This strategic move reinforces the UAE’s commitment to bolstering food security and agricultural capabilities. Situated near Dubai World… Read the full press release

Public Investment Fund (PIF) Acquires Significant Minority Stake in Rocco Forte Hotels, Accelerating Brand Expansion

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(IN SHORT) Rocco Forte Hotels has announced that the Public Investment Fund (PIF) has entered into a definitive agreement to acquire a significant minority stake in the group, with the Forte family retaining majority ownership and control. The Italian entity CDPE Investimenti (CDPEI) is selling its entire stake as part of this arrangement. PIF’s investment… Read the full press release

Alaska Airlines to Acquire Hawaiian Airlines for $1.9 Billion, Expanding Air Travel Options Across the Pacific

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Combined company to maintain Alaska Airlines’ and Hawaiian Airlines’ strong, high-quality brands, supported by a single, compelling loyalty offering. Expands fifth largest U.S. airline to a fleet of 365 narrow and wide body airplanes enabling guests to reach 138 destinations through our combined networks and more than 1,200 destinations through the oneworld Alliance. Honolulu to become… Read the full press release

AB Jets Acquires Three Bombardier Challenger 3500 Aircraft, Expanding Fleet and Elevating Private Charter Services

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AB Jets transforms its fleet by acquiring three Bombardier Challenger 3500 aircraft, with a contractual option to order a fourth by the end of 2023 With the acquisition, AB Jets enters the super-midsize category, embarking on an important new chapter for the company The bestselling Challenger 3500 jet remains a top choice for operators looking to offer… Read the full press release

Booking Holdings to Appeal European Commission’s Decision on Etraveli Group Acquisition

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The Company Also Announces Extension of Its Partnership Agreement with Etraveli Group NORWALK, Conn., 2023-Sep-26 — /Travel PR News/ — Booking Holdings Inc. (NASDAQ: BKNG) announced that it intends to appeal the European Commission’s recently announced decision to prohibit the Company’s acquisition of Etraveli Group, from CVC Capital Partners (“CVC”), to the European courts. The… Read the full press release

Good Travel Management acquires Wexas Travel Management’s corporate customers

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LONDON, 2023-Sep-1 — /Travel PR News/ — Good Travel Management Ltd, the Yorkshire-based travel management company has today acquired the corporate customer base of London and South-East based, Wexas Travel Management. The acquisition, for an undisclosed amount, will add 70% growth to the turnover of the Hessle-based corporate travel operator and the deal sees all… Read the full press release

Choice Hotels International Announces Executive Appointments to Drive Continued Growth and Expansion After Radisson Hotels Americas Acquisition

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Moves Position Company for Future Growth Following Radisson Americas Integration ROCKVILLE, Md., 2023-Aug-31 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH) announced key executive appointments that position the company for continued future growth following its acquisition of Radisson Hotels Americas and the successful integration of its nine brands onto Choice’s world-class central reservation… Read the full press release

Fiji Airways Welcomes Third Airbus A350 to Modernize Fleet and Explore New Destinations

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Acquisition of third A350 to help expand network Nadi, Fiji, 2023-Aug-16 — /Travel PR News/ — Fiji Airways has taken delivery of its newest Airbus A350-900XWB (A350) as part of a journey to modernise the National Carrier’s fleet. Named the Island of Beqa, the brand new aircraft, is the third A350 to join the Fiji Airways… Read the full press release

Jumeirah Group Acquires Le Richemond in Switzerland, Continues Global Expansion

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Dubai, UAE, 2023-Feb-09 — /Travel PR News/ — Jumeirah Group, the global luxury hospitality company and member of Dubai Holding, today (06 February 2023) announced the acquisition of its first property in Switzerland as it continues its growth trajectory and international expansion. The flagship property – Le Richemond – was founded in 1875 and is… Read the full press release

Choice Hotels positions itself as challenger brand in upscale, growth leader in extended stay with acquisition of Radisson Hotels Americas

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Focus on Growth Brands and Markets Positions Choice Hotels for a Banner 2023 ROCKVILLE, Md., 2023-Jan-25 — /Travel PR News/ — As a legacy leader in upper midscale and midscale, Choice Hotels International, Inc. (NYSE: CHH)—one of the largest lodging franchisors in the world—made a series of strategic moves to position itself as the challenger brand to watch… Read the full press release

Hyatt Hotels Corporation Announces Record Pipeline of 117,000 Rooms Worldwide for 2023 and Beyond, With a Focus on Lifestyle Hotels

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Hyatt’s transformative growth continues with planned acquisition of Dream Hotel Group, global expansion of Caption by Hyatt brand and organic growth of Hyatt’s global portfolio CHICAGO, IL, 2023-Jan-24 — /Travel PR News/ — Hyatt Hotels Corporation (NYSE: H) shared today (January 20, 2023) that Hyatt is positioned for continued transformative growth in 2023 and beyond with… Read the full press release

Lufthansa Looks to Expand with Minority Stake in Italian Carrier ITA Airways

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Cologne, Germany, 2023-Jan-22 — /Travel PR News/ — Deutsche Lufthansa AG is aiming to acquire a stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo S.p.A.). The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining shares at a later date…. Read the full press release

Hard Rock International Acquires The Mirage Hotel & Casino in Las Vegas with Plans for Grand Renovation and Rebranding

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LAS VEGAS, NEV., 2023-Jan-17 — /Travel PR News/ — Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International. HRI assumed operations control of the property as of 6 a.m. Monday, December 19. Under terms of the transaction,… Read the full press release

Hyatt to acquire Dream Hotel Group’s lifestyle hotel brand and management platform

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Acquisition to expand Hyatt’s unique lifestyle hotel offerings with a quickly growing brand portfolio focused on vibrant dining and nightlife experiences Chicago, IL, 2022-Dec-01 — /Travel PR News/ — Hyatt Hotel Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including… Read the full press release

Air Canada converts options to bring to 60 its total confirmed A220 order

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Advances Air Canada’s modernization program for more fuel-efficient fleet MONTREAL, CANADA, 2022-Nov-01 — /Travel PR News/ — Air Canada today (Oct. 26, 2022) announced that it has converted options for 15 Airbus A220-300 aircraft into firm orders, bringing to 60 the total number of the Canadian-built aircraft it will acquire for its fleet. “This expanded… Read the full press release

Choice Hotels completes acquisition of Radisson Hotels Americas for approximately $675 million

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Unites highly complementary hospitality businesses, adding nine brands and 67,000 rooms in attractive, higher revenue destinations ROCKVILLE, Md., 2022-Aug-12 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH) today (Aug. 11, 2022) announced that it has completed the acquisition of the franchise business, operations and intellectual property of Radisson Hotels Americas for approximately $675… Read the full press release

Choice Hotels sells Cambria Hotel Nashville Downtown for $109.5 million

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Company enters new long-term franchise agreement and Pyramid Global Hospitality will manage the Music City hotel ROCKVILLE, Md., 2022-Jul-30 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH) today (July 27, 2022) announced the sale of the Cambria Hotel Nashville Downtown for $109.5 million. In addition, the company entered a new long-term franchise agreement with the… Read the full press release

Radisson Hotel Group Americas to be acquired by Choice Hotels International

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Unites highly complementary businesses, adding nine brands, 624 hotels and over 68,000 rooms  Marks the latest step in Choice’s strategy of growing its asset-light portfolio of hotel brands in higher revenue travel segments and locations  Extends Choice’s customer reach with some of the industry’s most recognized brands  Radisson Hotel Group to continue growing and managing… Read the full press release

Swissport expands total warehouse and handling capacity in Belgium and Netherlands with the acquisition of Belgium Airport Services

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Brussels, Belgium, 2022-Mar-04 — /Travel PR News/ — Swissport International AG has successfully concluded the acquisition of Belgium Airport Services (BAS) with effect from 1 March 2022. The Swiss company, a global leader in air cargo handling, now holds 100% of BAS, growing its total warehouse and handling capacity in Belgium by more than 40%…. Read the full press release

International Tourism Group acquires consultancy firm THR

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London, UK, 2022-Jan-14 — /Travel PR News/ — Just months after its creation, by the coming together of tourism marketing agencies: Black Diamond (UK), Interface Tourism (France, Spain, Italy, Netherlands), and GCE Global Communications Experts (Germany), ITG International Tourism Group has today announced the acquisition, through its Spanish office, Interface Tourism Spain, of  80% of… Read the full press release

Swissport finalizes acquisition of AGS Aviation Ground Services in Aruba

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Zurich, Switzerland, 2022-Jan-14 — /Travel PR News/ — At the beginning of this year, Swissport has finalized the acquisition of AGS Aviation Ground Services in Aruba and assumes the Dutch Caribbean company’s ground handling operations at Queen Beatrix International Airport in Oranjestad (AUA). With the acquisition of AGS Aviation Ground Services, a ground handling services… Read the full press release

Vail Resorts to purchase Seven Springs Mountain Resort in Pennsylvania

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BROOMFIELD, Colo., 2021-Dec-12 — /Travel PR News/ — Vail Resorts, Inc. (NYSE: MTN) announced today (December 8, 2021) that it has entered into an agreement to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations… Read the full press release

Swissport takes full ownership of Swissport Korea

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Zurich, Switzerland, 2021-Nov-18 — /Travel PR News/ — Swissport International AG has increased the shareholding in its Swissport Korea joint venture to 100 percent from formerly 59 percent, underlining its confidence in the Korean aviation market and delivering on its Asia growth strategy. After first entering the Korean market in 2005 in a joint venture… Read the full press release

Hyatt doubles global resorts footprint with the completion of Apple Leisure Group’s acquisition

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Well Positioned to Capture Significant and Growing Leisure Travel Demand with Enhanced End-to-End Offerings and an Increasingly Diversified Portfolio Reaffirms Expanded Asset Sale Commitment to Generate an Additional $2 Billion of Proceeds by End of 2024 Fully Completes Existing Commitment CHICAGO, IL, 2021-Nov-04 — /Travel PR News/ — Hyatt Hotels Corporation (NYSE: H) today (November… Read the full press release