Articles tagged “stock market”

Hotels

Hotel Brand Selina’s Wild Ride as a Penny Stock: Here’s What We Know

Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.

Sean O'Neill | 3 months ago

Hotel Brand Selina’s Wild Ride as a Penny Stock: Here’s What We Know

Tourism

Europe Travel Stocks Remain Healthy Despite Market Shift

Investors continue to weigh travel demand and the anticipation of future growth-promoting events against profit-taking and extreme weather challenges.

Danilo Masoni, Reuters | 4 months ago

Europe Travel Stocks Remain Healthy Despite Market Shift

Airlines

Airlines’ Stocks Tumble After Alaska’s Flat Forecast

The Alaska Air Group's projected flat revenue growth is a major factor why shares dropped for some major U.S. carriers, another setback for an industry still fighting to make a full recovery from the pandemic.

Reuters | 4 months ago

Airlines’ Stocks Tumble After Alaska’s Flat Forecast

News Blog

IHG Doesn’t Rule Out Public Listing Move From London to New York

InterContinental Hotels Group (IHG Hotels & Resorts) CEO Keith Barr told the Financial Times this week that "several shareholders" had asked his team at an investor roadshow last month if it would consider a switch away from listing on the London stock market to New York's exchanges. Barr told FT reporter Oliver Barnes: "There’s no…

Sean O'Neill | 8 months ago

News Blog

Marriott’s India Operator Samhi Hotels Refiles Draft Papers, Cuts IPO Size

India-based hotel ownership and asset management platform Samhi Hotels has refiled draft papers with the Indian stock market regulator Securities and Exchange Board of India (SEBI) to raise an initial public offering (IPO) of around $120 million. The Goldman Sachs-backed company that operates hotel chains like Marriott, Hyatt and IHG in India, had earlier filed…

Peden Doma Bhutia | 8 months ago

News Blog

Oyo Plans to Double Premium Hotel Count in Indonesia to 400

Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023. Announcing its plans to double its portfolio, Oyo on Friday said the demand for premium accommodation options is expected to grow significantly in Indonesia in…

Peden Doma Bhutia | 10 months ago

Coronavirus

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

Sean O'Neill, Skift | 2 years ago

Why 2021 Is the Year of the Travel IPO

Ground Transport

Hertz’s Dilemma to Raise Money While in Bankruptcy

The pandemic slowdown in travel was the final straw for Hertz, forcing it into bankruptcy protection. But the volatile stock market and the temptation to raise cash through a new stock sale added another layer of duress for the giant car rental outfit.

Jessica DiNapoli, Mike Spector and Koh Gui Qing, Reuters | 3 years ago

Airlines

What Short Selling in These Travel Companies Tells Us About Investor Confidence

Small-bore investors moved mountains of money last week by short selling shares of GameStop, a once ubiquitous suburban mall fixture that has faded from relevance. Short selling reveals a lot about investor sentiment, and the data below tell us what investors think of airline and travel companies.

Seth Borko, Airline Weekly | 3 years ago

What Short Selling in These Travel Companies Tells Us About Investor Confidence