loans Archives

Tourism

Skift India Report: India Pushes Cleanliness Standards for Tourism Businesses

While 'cleanliness is next to godliness' may not consistently reflect India's outlook, the nation is recognizing its importance to attract both domestic and international tourists. Initiatives such as the rating framework hold significant value in evaluating and enhancing the cleanliness standards of tourism establishments.

Peden Doma Bhutia | 1 month ago

Tour Operators

Thomas Cook Digs Deeper Into the Habits of Indian Travelers

With a dramatic shift in traveler behavior, industry stakeholders must reimagine their offerings to cater to the new domestic tourist who feels that the need to take frequent breaks is more important than ever.

Amrita Ghosh | 3 months ago

Online Travel

Skift India Report: More Travelers Are Taking Personal Loans to Fund Holidays

The surge in airfares and tour packages, coupled with millennials’ shift in spending patterns, is quite possibly driving the demand for travel loans.

Amrita Ghosh | 4 months ago

Hotels

Wyndham Believes Banking Crisis Won’t Hurt Its Hotel Pipeline

Will a slowdown in bank lending lead to weakened hotel development for Wyndham? The world's largest hotel franchisor doesn't expect a problem, and it makes plausible arguments about why.

Sean O'Neill | 7 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

News Blog

Trip.com Group Taps $1.5 Billion Loan Tied to Green Targets

Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt's interest rates to the Chinese online travel giant's performance against specific environmental targets. The Shanghai-based company will use three-year dual-tranche term loan facility to refinance some of its debt, and the rest for…

Sean O'Neill | 12 months ago

Airlines

Sweden Will Not Inject More Capital Into Scandinavian Airlines

Post Sweden's decision, all eyes are now on Denmark. The two governments are the largest owners of the Scandinavian airline, each holding a 21.8 percent stake.

Terje Solsvik and Stine Jacobsen, Reuters | 1 year ago

Coronavirus

What Happens When a Massive Wave of Hotels Default?

The hotel industry is struggling under months of cratered occupancy and revenue. But there may be a way to avoid foreclosure with the bank — as long as your hotel was doing fine before the pandemic.

Cameron Sperance, Skift | 3 years ago

Coronavirus

Hotel Mortgage Delinquencies Reached Record Levels in July

Bad hotel loans in the United States in July reached record levels, 23.4 percent, but it could get worse if the coronavirus pandemic and its laissez faire enablers persist.

Dennis Schaal, Skift | 3 years ago