Mckinsey and Company

NOVEMBER 20, 2023

Members of travel brands’ loyalty programs have become increasingly disloyal. What will bring these straying customers back?

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Law 360 M&A

JANUARY 8, 2024

Berkshire Hathaway-controlled Pilot Travel Centers and its minority owner have canceled a two-day Delaware Court of Chancery trial on minority member claims that the Berkshire camp wrongly calculated a multibillion-dollar buyout of the truck and traveler stop chain's minority shares.

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Mckinsey and Company

NOVEMBER 3, 2023

Travel is at an all-time high—and woes can sometimes seem widespread. Here’s how AI could help.

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NYT M&A

JUNE 4, 2023

The looming headache of this summer’s travel season only strengthens the argument against the JetBlue/Spirit merger.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

Benzinga

JANUARY 16, 2024

The Haslam family has sold its remaining 20% stake in Pilot Travel Centers , the truck-stop giant, to Berkshire Hathaway Inc (NYSE: BRK ) (NYSE: BRK ), the latter announced on Tuesday. What Happened : The Haslam family, whose remaining stake in Pilot Travel Centers was valued at $3.37 The sale was effective immediately.

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Benchmark Report

MARCH 6, 2024

Imagine Ireland is now part of the Shamrock Cottages family, following the former's acquisition by Travel Chapter.

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Mckinsey and Company

JANUARY 24, 2023

The inaugural installment of the Travel Disruptors series spotlights an accommodations company that wants to use design and technology to build a better-traveled world open to all.

Technology 72

Technology 72

Law 360 M&A

DECEMBER 14, 2023

the minority owner of truck stop chain manager Pilot Travel Centers LLC, has won a skirmish in its Delaware Chancery Court battle with PTC's controlling shareholder Berkshire Hathaway Inc., Pilot Corp., knocking out two of the company's affirmative defenses as Pilot and Berkshire Hathaway head toward a January trial.

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Mckinsey and Company

MARCH 14, 2023

China can achieve climate-friendly domestic travel—if travelers, tourism providers, and the travel industry at large make sustainable changes now.

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Mckinsey and Company

SEPTEMBER 21, 2022

Despite the best intentions, many travel companies are struggling to reduce their emissions fast enough. A report by McKinsey and Skift provides four practical recommendations.

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Mckinsey and Company

JULY 12, 2022

Air travel is back. Here’s what airline execs need to know to help boost travel industry recovery and navigate the latest influx of fliers.

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Law 360 M&A

NOVEMBER 3, 2023

Property casualty insurance provider The Travelers Companies Inc. said Friday it is being guided by Skadden Arps Slate Meagher & Flom LLP in an agreement to acquire Corvus Insurance Holdings Inc. for about $435 million, a deal that is expected to close in the first quarter of 2024.

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Mckinsey and Company

JANUARY 25, 2023

Mainland China is dropping quarantine on arrival which is likely to boost air travel—here’s how this could play out.

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ThomsonReuters

SEPTEMBER 30, 2022

The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employees must still substantiate the time, place, and business purpose of their travel expenses.) Contributing Editors: EBIA Staff.

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Law 360 M&A

SEPTEMBER 24, 2023

billion) acquisition by Booking.com of a Swedish online travel agent after finding that the deal would strengthen the U.S. The European Union's competition authority said Monday that it has blocked the proposed €1.63 billion ($1.73 company's dominant position in the bloc.

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Mckinsey and Company

MAY 17, 2022

As airlines try to hasten the recovery of the highly profitable business travel segment, they should steer clear of five common sales pitfalls.

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Benzinga

FEBRUARY 20, 2024

20, 2024 (GLOBE NEWSWIRE) -- Agital, the agency delivering measurable business results to marketers and business leaders, announced today the acquisition of Digital Edge, a business-to-business (B2B) agency based in Jacksonville, Florida, that provides advanced sales and marketing services for the travel and tourism industry.

B2B 40

B2B Marketability 40

Mckinsey and Company

JUNE 5, 2023

Hopper has acquired 100 million mobile users by offering consumer-friendly financial products and a gamified app experience, according to cofounder Frederic Lalonde.

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ThomsonReuters

JANUARY 6, 2022

QUESTION: When our employees travel for business, they earn frequent flyer miles. to buy vacation travel)? ANSWER: Many employers allow their employees to make personal use of frequent flyer miles earned on business travel. The post Are Employees Taxed on Their Personal Use of Frequent Flyer Miles Earned by Business Travel?

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Mckinsey and Company

NOVEMBER 17, 2022

Summer travel in 2022 was filled with crowded airports, delayed flights, and unhappy customers—but airlines can turn the situation around and build greater capacity for the future.

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Benzinga

MAY 15, 2023

(NASDAQ: MOND ) ("Mondee" or the "Company"), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the acquisition of Consolid Mexico Holding, S.A.P.I. Consolid"), a high-growth, leading travel provider based in Mexico with a global presence and an emphasis in Latin America ("LATAM").

B2B 40

B2B EBITDA Technology Marketability 40

Law 360 M&A

OCTOBER 24, 2023

The minority owner of fuel distributor and truck stop giant Pilot Travel Centers has sued majority stakeholder Berkshire Hathaway Inc., a member of its board and top officers of two subsidiaries in Delaware's Court of Chancery, alleging "improper and unauthorized accounting practices" and seeking a January trial.

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Mckinsey and Company

APRIL 5, 2022

A new global survey points to a greener future for air travel.

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Mckinsey and Company

MARCH 10, 2023

Hong Kong’s recent re-opening is an opportunity to restore its status as a shopping destination for Mainland travelers—but challenges remain.

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Trout CPA

JULY 20, 2022

Employers are asking whether the expenses incurred by the remote employee to travel to the office can be reimbursed on a tax-free basis. The answer hinges on whether the travel from the employee’s workplace in their personal residence to the employer-provided office is considered a personal commute or a business trip.

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Benzinga

SEPTEMBER 8, 2022

08, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the global travel retail market size is anticipated to hit USD 96.11 The increasing number of international travelers is likely to drive the market's growth. The global air travel ban during the severe waves of the pandemic have affected the market's growth.

Marketability 40

Marketability 40

Benzinga

MAY 6, 2022

Online travel company Despegar.com Corp (NYSE: DESP ) has agreed to acquire TVLX Viagens e Turismo S.A Viajanet), a Brazilian online travel agency, for about $15 million. Under the terms of the agreement, 60% of the purchase price will. Full story available on Benzinga.com.

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Business Wire M&A

FEBRUARY 16, 2023

NEW YORK--(BUSINESS WIRE)--Blueground, the largest global operator of furnished rentals for 30+ day stays, announces today the acquisition of Denver-based Travelers Haven, the leading provider of housing on-demand in the U.S.

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Concannon Miller

MAY 31, 2022

With business travel picking up again and summer fast approaching, many business owners may be mulling trips that combine work with vacation or other personal activities. A quick refresher on the IRS rules related to deducting business vs. personal travel costs can help you reduce your tax bill next year.

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Mckinsey and Company

MARCH 10, 2023

Vista aims to disrupt corporate travel by making a floating fleet of aircraft available anytime, anywhere.

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Benzinga

FEBRUARY 1, 2023

(NASDAQ: MOND ) ("Mondee" or the "Company"), a technology-driven, next-generation marketplace that enables growth in a $1 trillion segment of the travel market, today announced the acquisition of Orinter , a high-growth and leading travel provider with a strong presence in Brazil and Latin America.

B2B 40

B2B EBITDA Technology Marketability 40

Benzinga

MAY 22, 2023

a travel technology incubator based in Sunrise, Florida ("NextTrip"), announced today that they have entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") that, upon closing, will provide the opportunity for NextTrip to become a publicly traded company on NASDAQ.

Technology 40

Technology Enterprise Value Equity Marketability 40

Law 360 M&A

APRIL 27, 2023

Senate, would provide a broad range of protections for air travelers — but instead of providing consumers with complicated remedies, Congress should act to prevent abuses in the first place, says Alan Hoffman, a retired attorney and aviation expert. The Airline Passengers' Bill of Rights, currently pending in the U.S.

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Benzinga

APRIL 7, 2022

Pune, India, April 07, 2022 (GLOBE NEWSWIRE) -- The global travel retail market size is expected to gain momentum owing to the rising number of international passengers during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, " Travel Retail Market, 2022-2029."

Marketability 40

Marketability Technology 40

Benzinga

JANUARY 24, 2023

25, 2023 (GLOBE NEWSWIRE) -- The global Travel and Expense Management Software Market Size was valued at USD 2.84 Billion Base Year 2022 Travel and Expense Management Software Market Size in 2022 USD 2.84 Pune,India, Jan. billion in 2022. The market is projected to grow from USD 3.19 billion in 2023 to USD 7.91

Marketability 52

Marketability Technology 52

Law 360 M&A

DECEMBER 19, 2022

Travel technology company Booking Holdings Inc. said on Monday that it has agreed to sell the future headquarters of its Booking.com brand in Amsterdam for €566.3 million ($601.5 million) in a deal guided by Allen & Overy LLP and NewGround Law BV.

Technology 40

Technology 40

Business Wire M&A

APRIL 24, 2023

Aviata/Chocotravel is one of the largest online travel agencies in Kazakhstan. (Nasdaq: FRHC), a diversified multi-national financial services firm, has entered into an agreement to acquire the Aviata and Сhocotravel service platforms from Chocofamily Holding LLP, the company announced today. The purchase price is $32.3

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