Siris Search Results

Filter by

12 results

Travelport Readies For Privately-Held Future, As Past Quarter Underscores 'Headwinds'

In what is likely to be its final publicly filed earnings statement before it goes private, Travelport reported a 4 percent year-over-year decline in worldwide global distribution system segments and a modest rise in net revenue and earnings for the three months ending Dec. 31, 2018.

Report: Travelport Private Equity Acquisition Is Nigh

A consortium that includes Siris Capital Group and Elliott Management are in late-stage talks to acquire Travelport, Reuters reported Thursday, citing unnamed sources.

Travelport Agrees To Go Private

Publicly traded global distribution system operator Travelport has agreed to be taken private by Siris Capital Group and Evergreen Coast Capital, which plan to buy outstanding common shares for $15.75 each and assume Travelport's debt in a deal valued at $4.4 billion, the company announced Monday.

Before Take-Private Deal, Travelport Explored Other Options, Suitors

In the run-up to Travelport's agreement last month to go private with Siris Capital Group and Evergreen Coast Capital, 10 different "financial sponsors" and five "strategic parties" emerged as potential suitors for the global distribution system operator or its assets.
INTERVIEW: Expedia Inc. CEO Dara Khosrowshahi

INTERVIEW: Expedia Inc. CEO Dara Khosrowshahi

In a keynote address on innovation at The Beat Live last week, Expedia CEO Dara Khosrowshahi discussed how the pace of innovation is accelerating, how experimentation and collaboration nurture innovation and how "perfect is the enemy of innovation." Along with that, he shared a philosophy on the virtue of making "small bets" in various areas versus making "big bets" in one or two. Following his address, Khosrowshahi took the stage to field questions on innovation, the corporate travel market and Expedia's bets—big and small—in travel.

Hotels Examine Sales Strategies As Mobile Adoption Increases

Business travelers' increasing use of mobile technology to search for and book hotel rooms is forcing the lodging industry to rethink their sales strategies and, in some cases, reduce in-house sales teams, according to a panel of experts at last month's New York University Hospitality Investment Conference.

Tech Entrepreneur Eyes Next Level Of Hotel Booking Automation

Travel technology entrepreneur Gadi Bashvitz aims to move hotel booking automation beyond online booking into what he calls "proactive booking," in which rooms are booked for travelers without the need to enter any information or search through results.

'Door-to-Door' And Mobile Booking Tools Score Big At PhoCusWright

The lineup for PhoCusWright's Travel Innovation Summit here last week included some faces familiar to corporate travel buyers. As history has shown, however, other technologies designed more for the leisure space often find their place in corporate programs.

TECH: Travelport Preps Semantic Search Feature For Agents

Study: Shift To Electronic Hotel Distribution Will Be Massive, Swift

Hotel distribution costs will increase significantly during the next few years, with several players now barely a blip on the hotel distribution radar poised to dominate quickly, according to a massive study of distribution channels released last month by the American Hotel & Lodging Association and STR.

GUEST: Gillespie Sees A Corporate Travel Management Tipping Point

The following is a guest column by Gillespie's Guide to Travel+Procurement author Scott Gillespie.