TravelRecovery

Baidu Targets $2 Billion by Issuing Bonds Linked to Trip.com Shares

23 days ago

In a strategic financial move, Baidu, the Chinese tech giant and leading search engine provider, has announced its intention to raise as much as $2 billion through the issuance of bonds that are exchangeable into shares of Trip.com Group Ltd. This bold initiative signals Baidu’s endeavor to diversify its investment portfolio while capitalizing on the favorable market conditions surrounding the rapidly growing online travel industry.

Hotelbeds Parent Company HBX's $750 Million IPO in Spain Sees Rapid Sell-Out

2 months ago

In a remarkable display of investor enthusiasm, the parent company of Hotelbeds, HBX, successfully completed a $750 million initial public offering (IPO) in Spain, with the entire offering sold out within mere hours. This swift sell-out underscores growing confidence in the travel and hospitality sectors as markets rebound from the pandemic's lasting impact.

Omio Secures $120 Million Debt Facility to Fuel Growth and Expansion

4 months ago

In a significant move to bolster its financial standing and support future growth initiatives, Omio, a leading travel booking platform, has successfully secured a $120 million debt facility. This strategic financing is aimed at enhancing the company's operational capabilities as travel demand continues to rebound globally following the pandemic-related downturn.

Expedia Surges Past Expectations, Ups Its Annual Forecast Amidst Record Bookings

5 months ago

Expedia Group Inc. has recently reported robust financial results for the third quarter, surpassing analysts' expectations and showcasing a significant increase in gross bookings. The travel giant's performance prompted the company to raise its full-year guidance, signaling a strong recovery in the travel sector as demand rebounds post-pandemic.