16 experts advise on what’s to come this year.
Airbnb has acquired Montreal-based Luxury
Retreats, a vacation rental company that offers more than 4,000 homes across
100 markets globally. The Luxury Retreats team will maintain its base in
Montreal, and CEO Joe Poulin will lead Airbnb luxury homes, reporting directly
to Airbnb CEO Brian Chesky. Neither company has disclosed the financial terms
of the deal. Airbnb reached a $30 billion valuation in June and is expected to use
some of its capital to pursue more acquisitions, possibly branching into such
areas as group payment, aggregated airfare and guest management, according
to Bloomberg. News of this acquisition comes on the heels of AccorHotels' buy
of Travel Keys.
Lufthansa Group revenue increased 12.7 percent in 2017 to 35.6 billion euros, pushing its earnings...
U.K.-based premium car service Addison Lee reported $484 million in revenue for the fiscal year ending...
Multinational taste and nutrition company Kerry Group employs 24,000 people in 140 countries and,...