Issue 3: 26th January 2015

      Travelocity deal heralds year of M&A Expedia has acquired Travelocity from Sabre for USD280m in cash, as Expedia bolsters its brand stable in the face of increased competition. Rumours have also suggested a possible sale of Orbitz Worldwide, as forecasts of a busy year of M&A in the sector look likely to be fulfilled. [...]

    Arora loses hotels to financiers

    Entrepreneur Surinder Arora has lost two of his group’s hotels to US hedge fund Davidson Kempner. And one of those is set to be stripped of its Arora branding, as the hotel has been put up for sale. The two properties, both at Heathrow airport, were signed over to […]