Airbnb's IPO-day pop values it at about $100 billion, up from an $18 billion valuation during its last private fundraising round in April.
Although the pandemic nearly crushed their industries, these companies are finding ways to thrive.
“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
The acquisition of the hotel booking app is aimed at advancing Airbnb's goal of offering an end-to-end platform for travelers.
The hotel operator will add one of the largest midscale brands to a portfolio that also includes Days Inn and Super 8.
The acquisitions will complement Aramark’s 2016 buy of group-purchasing firm HPSI and significantly increase its uniform business.
The hotel-search company has been hit by a slowdown in the revenue it generates by referring users to hotel websites.
The hotelier took a tax hit of $513 million related to restructuring but its adjusted earnings beat analysts' estimates.
The Chinese conglomerate makes its second foray into the U.S. hotel industry in six months, paying a premium of 14.6% for Blackstone's stake in Hilton.
China's largest insurer acquires a stake in a $2 billion portfolio of select-service hotels as it continues to step up its overseas investments.
The company founded by legendary hotelier John Q. Hammons says the bankruptcy is a strategic response to the litigation with an investor.
The $12.8 billion, or $76-per-share, bid could potentially derail Starwood's pending merger with Marriott, which is valued at $65.38 a share.
