Mergers and acquisitions are all the rage this week! Reuters reports Alaska Air completed its acquisition of Virgin America in a $2.6 billion deal. According to Buying Business Travel, Lufthansa Group completed its acquisition of Brussels Airlines, purchasing the remaining 55 percent of shares for €2.6 million. Financial Times reports car rental company Europcar announced plans to acquire…
Marriott International and Starwood have completed a $13 billion merger as of today, Buying Business Travel reports, making the new hotel company the owner of 30 hotel brands. Skift notes Marriott International is now the world’s largest hotel operator and plans to prioritize combining the Marriott and Starwood loyalty programs. According to Skift, Google has announced…
Days before the start of GBTA Convention 2016 AccorHotels completed their acquisition of FRHI Hotels & Resorts, making newly apointed AccorHotels COO Kevin Frid a great person to talk to about one of the industry’s hottest topics – mergers and acquisitions. During a time of unprecedented consolidation in the travel industry, GBTA Executive Director and…
For the past several years, there has been a significant number of consolidations throughout every segment of the travel industry. With mergers and acquisitions of some of the best-known brands in the air travel, lodging and ground transport sectors continuing at a rapid pace, GBTA Convention 2016 featured a Center Stage panel discussion on the…
GBTA kicked off the second day of Convention with CBS’ Travel Editor Peter Greenberg interviewing Doug Parker, CEO, American Airlines Group and American Airlines. Parker discussed American Airlines’ outstanding second quarter earnings – the best second quarter earnings in the airline’s history. “We couldn’t be happier with the results,” he said. “Through the merger we…
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