Lodging

Kasada Secures Strategic Partnership With IFC to Support the Hospitality Sector in Sub-Saharan Africa

Tuesday, July 27, 2021 - 8:30am

Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, today announced that IFC will form a partnership with Kasada Hospitality Fund LP by providing senior loan financing to accelerate Kasadas strategy of building a strong and resilient hotel portfolio across sub-Saharan Africa.

Key Points: 
  • Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, today announced that IFC will form a partnership with Kasada Hospitality Fund LP by providing senior loan financing to accelerate Kasadas strategy of building a strong and resilient hotel portfolio across sub-Saharan Africa.
  • IFC will extend up to US$160 million of debt funding to Kasada, backing its plan to support the hospitality sector and instil globally recognised ESG practices in its hotels.
  • IFC has established this strategic partnership with Kasada to help build a large-scale tourism platform and support the hospitality sector as it navigates the short- and long-term economic impacts of the COVID-19 pandemic.
  • Kasada Capital Management is an independent investment platform within the Kasada group, dedicated to hospitality investments in Sub-Saharan Africa.

Selina Advances Growth Strategy with Planned Expansion in Key Markets

Monday, July 26, 2021 - 3:56pm

These new locations will add approximately 2,000 beds to Selinas global network of living spaces for digital nomads and advance the companys strategy to scale in large urban markets.

Key Points: 
  • These new locations will add approximately 2,000 beds to Selinas global network of living spaces for digital nomads and advance the companys strategy to scale in large urban markets.
  • With the opening of its 70-bed Jerusalem Mountains and 545-bed Paros properties, Selina will operate four destinations in Israel and three in Greece.
  • Custom built for todays nomadic traveler, Selina provides guests with a global infrastructure to seamlessly travel and work abroad.
  • For further information on Selina, visit www.selina.com or check out @selina on Instagram or Facebook.

Panorama Travel Solutions Signs With National Association of REALTORS® to Provide Custom Travel Club Services for Its Members

Monday, July 26, 2021 - 2:42pm

Panorama Travel Solutions , the affinity travel technology service provider for Panorama , the worlds foremost membership travel business, announced today a new agreement with the National Association of REALTORS (NAR) to provide travel club services to the organizations 1.4 million members.

Key Points: 
  • Panorama Travel Solutions , the affinity travel technology service provider for Panorama , the worlds foremost membership travel business, announced today a new agreement with the National Association of REALTORS (NAR) to provide travel club services to the organizations 1.4 million members.
  • Panorama Travel Solutions this year began offering new travel club services to organizations through the delivery of a white-labeled, optimized booking engine; deeply discounted inventory at more than 600,000 hotels and resorts worldwide; and competitive pricing.
  • When collaborating with the team of travel and technology experts at Panorama Travel Solutions, organizations can create a customized travel club experience for their members, customers or employees, tailored for their brand.
  • The Panorama Travel Solutions travel club product is powered by Alliance Reservations Network , a Panorama company.

Pebblebrook Hotel Trust Revises Date and Time for Second Quarter 2021 Conference Call

Monday, July 26, 2021 - 3:00pm

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that due to the recent scheduling of another hospitality companys conference call during its prior-scheduled date and time, the Company has changed the date and time of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that due to the recent scheduling of another hospitality companys conference call during its prior-scheduled date and time, the Company has changed the date and time of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET.
  • The Company will now report its financial and operating results for the second quarter on Thursday, July 29, 2021, after the market closes.
  • To participate in the conference call, please follow the steps listed below:
    Tell the operator that you are calling for Pebblebrook Hotel Trusts Second Quarter 2021 Earnings Conference Call;
    State your full name and company affiliation and you will be connected to the call.
  • Pebblebrook Hotel Trust (NYSE: PEB) is a publicly-traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the United States.

UK Budget Hotels Market Research Report 2021 Featuring Whitbread & Travelodge - ResearchAndMarkets.com

Monday, July 26, 2021 - 11:54am

The "Budget Hotels in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Budget Hotels in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
  • This industry is comprised of establishments that provide short-term, budget-priced accommodation to UK residents and international guests.
  • This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors.
  • Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

US Online Hotel Booking Industry Report 2021 Featuring Expedia & Booking.com - ResearchAndMarkets.com

Monday, July 26, 2021 - 11:48am

The "Online Hotel Booking in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Online Hotel Booking in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
  • This industry includes establishments that make hotel reservations and bookings online.
  • This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors.
  • Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Liberty TripAdvisor Holdings to Conduct Quarterly Q&A Conference Call

Friday, July 23, 2021 - 1:15pm

Liberty TripAdvisor Holdings, Inc. (Liberty TripAdvisor) (Nasdaq: LTRPA, LTRPB) announced that interested shareholders and analysts are invited to participate in a brief quarterly Q&A session following the completion of the prepared remarks on Liberty Broadband Corporations second quarter earnings conference call.

Key Points: 
  • Liberty TripAdvisor Holdings, Inc. (Liberty TripAdvisor) (Nasdaq: LTRPA, LTRPB) announced that interested shareholders and analysts are invited to participate in a brief quarterly Q&A session following the completion of the prepared remarks on Liberty Broadband Corporations second quarter earnings conference call.
  • During this Q&A session, management will be accepting questions regarding Liberty Broadband Corporation and Liberty TripAdvisor.
  • Chairman, President and Chief Executive Officer, Greg Maffei, will host the conference call on Friday, August 6th at 11:15 a.m.
  • Liberty TripAdvisor Holdings, Inc. (Nasdaq: LTRPA, LTRPB) consists of its subsidiary Tripadvisor.

Pebblebrook Hotel Trust Announces Redemption of 6.50% Series C Cumulative Redeemable Preferred Shares

Friday, July 23, 2021 - 12:30pm

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today provided notice to the record holders (the Notice of Redemption) of the Companys 6.50% Series C Cumulative Redeemable Preferred Shares (the Series C Preferred Shares) of the redemption, subject to completion of the Companys public underwritten offering of 5.700% Series H Cumulative Redeemable Preferred Shares (the Series H Offering), of all 5,000,000 of the issued and outstanding Series C Preferred Shares.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today provided notice to the record holders (the Notice of Redemption) of the Companys 6.50% Series C Cumulative Redeemable Preferred Shares (the Series C Preferred Shares) of the redemption, subject to completion of the Companys public underwritten offering of 5.700% Series H Cumulative Redeemable Preferred Shares (the Series H Offering), of all 5,000,000 of the issued and outstanding Series C Preferred Shares.
  • The cash redemption amount (the Redemption Amount) for each Series C Preferred Share is $25.00, plus accrued and unpaid dividends to, but not including, the redemption date of August 22, 2021 (the Redemption Date).
  • Subject to completion of the Series H Offering, dividends on the Series C Preferred Shares will cease to accrue on the Redemption Date.
  • The Notice of Redemption and related materials will be mailed today to holders of record of the Series C Preferred Shares.

Expedia Group to Webcast Second Quarter 2021 Results on August 5, 2021

Friday, July 23, 2021 - 1:30pm

Expedia Group (NASDAQ: EXPE) will report its second quarter 2021 results for the period ended June 30, 2021 on Thursday, August 5, 2021 via an earnings release and accompanying webcast.

Key Points: 
  • Expedia Group (NASDAQ: EXPE) will report its second quarter 2021 results for the period ended June 30, 2021 on Thursday, August 5, 2021 via an earnings release and accompanying webcast.
  • Expedia Group is the world's travel platform, and our mission is to power global travel for everyone, everywhere.
  • Our family of travel brands includes: Brand Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Egencia, trivago, HomeAway, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, CarRentals.com, Expedia Cruises, Traveldoo and VacationRentals.com.
  • 2021 Expedia, Inc., an Expedia Group company.

Pebblebrook Hotel Trust Announces Redemption of 6.375% Series D Cumulative Redeemable Preferred Shares

Thursday, July 22, 2021 - 9:45pm

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today provided notice to the record holders (the Notice of Redemption) of the Companys 6.375% Series D Cumulative Redeemable Preferred Shares (the Series D Preferred Shares) of the redemption, subject to completion of the Companys public underwritten offering of 5.700% Series H Cumulative Redeemable Preferred Shares (the Series H Offering), of all 5,000,000 of the issued and outstanding Series D Preferred Shares.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today provided notice to the record holders (the Notice of Redemption) of the Companys 6.375% Series D Cumulative Redeemable Preferred Shares (the Series D Preferred Shares) of the redemption, subject to completion of the Companys public underwritten offering of 5.700% Series H Cumulative Redeemable Preferred Shares (the Series H Offering), of all 5,000,000 of the issued and outstanding Series D Preferred Shares.
  • The cash redemption amount (the Redemption Amount) for each Series D Preferred Share is $25.00, plus accrued and unpaid dividends to, but not including, the redemption date of August 21, 2021 (the Redemption Date).
  • Subject to completion of the Series H Offering, dividends on the Series D Preferred Shares will cease to accrue on the Redemption Date.
  • The Notice of Redemption and related materials were mailed today to holders of record of the Series D Preferred Shares.