Issue 45: 3rd December 2018

    Airbnb reports overseas growth

    Airbnb said that it had seen “substantially more” than USD1bn in revenue in the third quarter, driven by growth overseas and in secondary cities. The announcement from the platform came as it found a replacement for its CFO ahead of its anticipated IPO and has been negotiating with various jurisdictions concerned with its impact on [...]

    Meliá joins Amazon’s shelves 

    Meliá Hotels International has claimed a first in the hotel sector by selling gift cards loaded with loyalty points on Amazon. The operator joins other hotels in using Amazon, as the sector has sought to attract more users to its loyalty schemes. Meliá will sell accommodation and experiences through the e-commerce website by offering two [...]

    Sabre, Amadeus under EC investigation

    The European Commission has opened an investigation into whether agreements between Amadeus and Sabre and airlines and travel agents breached EU antitrust rules. Both Amadeus and Sabre said that they would work with the Commission and that their agreements encouraged, rather than discouraged, competition. Commissioner Margrethe Vestager, in charge of competition policy said: “The liberalisation [...]

    Ireland deals boom, market cautions

    Apollo Global Management is thought to have acquired the Goldman Sachs-backed Tifco, for a figure we understand to be around EUR450m. The agreement came as transactions in Ireland continued to build, with CBRE reporting that deals worth EUR263m had been signed in the first nine months of the year, up more than three times on [...]

    Connectivity key to Europe’s growth

    Air transport and connectivity was a key factor in creating higher tourism potential and passenger stays through increasing arrivals, according to a study from Christie & Co. The report found that growth in the region in 2018 was being driven by Southern and Mediterranean Europe, drawing the interest of investors. ‘European Hotel Investment Trends 2018: [...]