Sherry Sun

Latest Stories

Mergers and Acquisitions

Cloudbeds CEO on the Travel Startup Funding and M&A Environment

Listen in for a great perspective on what it means for travel tech startups to be raising funding in this macro environment, valuations, deal structure, thinking through growth and exit options, and insights on what fellow founders should know.

Rafat Ali | 8 months ago

Cloudbeds CEO on the Travel Startup Funding and M&A Environment

News Blog

Via Acquires Citymapper to Enhance Navigation of Transit Systems

Via, a pioneer in transit technology, announced Thursday that it has acquired Citymapper, a UK-based premier journey planning app and transit technology company. Terms of the transactions are not disclosed. Citymapper, which has over 50 million users in over 100 cities, provides technology for local transportation planning using a combination of walking, cycling, public transit,…

Sherry Sun | 9 months ago

News Blog

CitizenM Secures $500 Million Loan Contingent on Sustainability Goals

CitizenM raised $500 million (€480 million) from HSBC UK, HSBC Continental Europe, ABN AMRO Bank N.V., and Aareal Bank with a sustainability-linked loan, becoming one of the first European hospitality companies to adopt such financing arrangements. The new funding incorporates specific environmental, social and governance (ESG) goals as part of the push for greener travel. For CitizenM,…

Sherry Sun | 9 months ago

Hotels

Middle East Heats Up in Luxury Hotel Pipeline Competition

Saudi Arabia and the UAE are competing for what they hope is the top spot in international tourism destinations. The race only gets more luxurious as new projects debut in their hotel pipelines. But will all the speculative building result in a glut of rooms?

Sherry Sun | 9 months ago

Middle East Heats Up in Luxury Hotel Pipeline Competition

Tourism

Busting Myths About Deglobalization and What It Means For Travel

Parag Khanna believes we’re in the early post-Covid phase of a five to 10-year process, where our passports will matter less than our credentials. Read a recap here of his recent talk with Skift CEO Rafat Ali.

Sherry Sun | 9 months ago

Busting Myths About Deglobalization and What It Means For Travel

Cruises

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

Cruise lines will continue to debut new ships in the near term through a balancing act between refinancing debt and improving profit margins. The high cost of debt will not stop vessels from sailing. The three major cruise lines remain optimistic for demand recovery.

Sherry Sun | 9 months ago

Cruise Companies Are Investing Billions in New Ships Piling Up Fresh Debt

Hotels

Radisson CEO on Keeping a Brand Strategy Tight and Focused

Radisson is choosing quality over quantity when it comes to growing its brands. The hotel group CEO Federico González sees the importance of focusing on strategic geographical expansions while tuning to changing customer demands and sustainability basics for hotels.

Sherry Sun | 9 months ago

Radisson CEO on Keeping a Brand Strategy Tight and Focused

Online Travel

Sequoia Capital-Backed Safara Curates New Gen Z Travel Booking

Gen Z travelers are hard to please. With support from Sequoia and defy.vc partners, hotel booking startup Safara is looking to build loyalty in this demographic by focusing on curations, memberships, and environmental consciousness.

Sherry Sun | 9 months ago

Sequoia Capital-Backed Safara Curates New Gen Z Travel Booking

Online Travel

Skift CEO Video: Travel Planning and Booking Are About to Converge, Are You Ready?

Integrated conversational AI has immense potential to transform travel search, planning and booking. Watch our CEO break down how search and booking engines need to step up on innovation.

Sherry Sun | 9 months ago

Skift CEO Video: Travel Planning and Booking Are About to Converge, Are You Ready?

Airlines

Air Canada Socked by $215 Million in Customer Comp in 2022

Air Canada is confident that solid travel demand will lift its finances this year after a less than stellar end to 2022.

Sherry Sun | 9 months ago

Air Canada Socked by $215 Million in Customer Comp in 2022