Sabre sells hospitality business for $1.1 billion
Travel technology and distribution company Sabre Corporation has agreed to sell its hospitality solutions business to asset management company TPG for $1.1 billion. The sale sees TPG acquire the hospitality business unit, which becomes a standalone business through TPG Capital, its United States and European private equity vehicle. Sabre said
How hospitality operators can combat payment fraud
Security threats are increasing in the hospitality industry. In the past year, over a third of hotel businesses have reported a rise in fraud attempts, while the proportion of guests concerned about booking fraud is as high as 71%. Among those who fell victim to deceptive transactions, £564 was the
A new phase for digital nomad hospitality amid back to work mandates
As the chapter closes on Selina following its rebrand to Socialtel, a question arises: What’s next for hospitality brands that have a similar focus on digital nomads and remote workers? The phase out of the storied brand comes amid a worldwide backtrack on remote work policies. But many hospitality brands
Cybersecurity wake-up call: New risks and vulnerabilities in hospitality
A new year often brings a surge in bookings that engage the hospitality industry’s interconnected services, including hotel reservations, flights and car rentals. But while we settle into the start of 2025, cybercriminals are just heating up. While integrated services create a better customer experience, it also opens up the
