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Goldman Sachs reported to be buying B&B Budget Hotel Chain

By ASAP Newsdesk On 20th May 2019 · Add Comment · In Acquisitions and mergers, Americas, Breaking News, EMEA, Global News
Goldman Sachs Group is reportedly in exclusive discussions to buy the 486-property B&B Hotels chain from the European buyout firm PAI Partners, with a price tag of up to 2 billion euros. The budget chain, which runs its economic chic hotels under what it calls Éconochic® brand, operates in markets including Europe, Brazil and Morocco. [...]
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Best Western debuts its two new boutique hotel brands

By ASAP Newsdesk On 27th September 2018 · Add Comment · In Breaking News, Insights, Trending News
In common with many consumer brands, including over the last week Tesco’s ‘Jack’ shops and Goldman Sachs’ new ‘Marcus’ account, Best Western Hotels & Resorts has announced the launch of two new boutique hotel brands with human names, Sadie Hotel and Aiden Hotel. These are being marketed to developers and hotel owners looking to convert existing [...]
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Asian activities booking platform Klook heads to the Americas

By ASAP Newsdesk On 1st December 2017 · Add Comment · In APAC, Breaking News, China, Global News, Trending News
Travel activities booking platform Klook, which recently enjoyed a successful funding round of nearly $60 million led by Goldman Sachs, will open an office operational from January in either San Francisco or New York, responding to an increase in independent Asian travellers to the US, Canada and Latin America. The company also aims to tap [...]
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Airbnb is forecast to have 12.3 billion in bookings in 2016

By ASAP Newsdesk On 13th April 2016 · Add Comment · In Airbnb, Breaking News, Insights, Trending News
Estimates predict that Airbnb will service 129 million guests this year and that the company’s own revenue may top $1.6 billion this year. A survey of 1,400 US travelers also showed that 51% of business travellers preferred Airbnb to hotels for their business trips, although almost all had also used hotels in the past year, showing that guests may [...]
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