MakeMyTrip (MMT) said it has partnered with premium hotel chains and independent properties in select cities across India to roll out online gourmet delivery service. With dine-in experiences coming to a halt due to the...
Expedia nearing deal to sell stake to Silver Lake and Apollo – WSJ
Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion, the Wall Street Journal reported...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
Thomas Cook India inks pact with Experience Hub
Travel services firm Thomas Cook India on Tuesday said it has entered into a long-term pact with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi, to drive visits to the destination. The agreement...
Thomas Cook India buys rights for Rs 14 crore to retain brand name
Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on...
German retailer Karstadt to take on 106 Thomas Cook travel agencies
Galeria Karstadt Kaufhof has agreed to take on 106 travel agencies as well as the German online platform of insolvent travel firm group Thomas Cook, the German retailer said on Tuesday. Antitrust authorities, as well as...
Thomas Cook India not part of brand’s global sale to China’s Fosun: CMD
Travel services provider Thomas Cook India on Sunday said the sale of the company to China’s Fosun does not include regions of India, Sri Lanka and Mauritius. “With regard to recent media reports pertaining...
Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3 million
China’s Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for 11 million pounds ($14.25 million), in a bid to expand its presence in the tourism business. The assets include...
MakeMyTrip announces tie-up with TripAdvisor for outbound travel space
MakeMyTrip, an online travel company, announced a sourcing tie-up with travel website TripAdvisor, offering its customers tours and activities in over 100 places abroad. “Our data shows consistent increase in the...
Australia’s SeaLink Travel to acquire private bus operator Transit Systems
Australian travel and tourism firm SeaLink Travel Group said on Tuesday it will acquire bus operator Transit Systems Group for an enterprise value of A$635 million ($427.48 million), in a move to help the firm tap...
It’s too early to decide on brand acquisition, says Thomas Cook India
When London-based Thomas Cook Group UK collapsed under a pile of debt on Monday, investors beat down the shares of an unrelated company thousands of miles away in India, ignoring multiple clarifications that it isn’t in...
Thomas Cook shareholder says firm to be sold as whole or in parts
Thomas Cook will be sold as a whole or in parts after its collapse, the company’s second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets. Neset Kockar...
