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Blackstone Group Invests $170 Million in IBS

Blackstone Group Invests $170 Million in IBS

Global travel, transportation, and logistics technology major IBS Software announced today that it will receive $170 million private equity investment from the Blackstone Group in exchange for a minority shareholding. The transaction is expected to be complete within a month, ...

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Technology Holds Key to Loyalty, Says Study

Technology Holds Key to Loyalty, Says Study

SOUTHLAKE, Texas—While most travelers hold no loyalty to a particular hotel brand, hoteliers can change that reality by offering a more personalized guest experience, according to a November 2015 study commissioned by Sabre Hospitality Solutions and conducted by Forrester Consulting. ...

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Sabre to Acquire Trust Group for $154 Million

Sabre to Acquire Trust Group for $154 Million

SOUTHLAKE, Texas—Sabre Corporation today announced that it has entered into a definitive agreement to acquire the Trust Group of Companies, a central reservations, revenue management, and hotel marketing provider with a significant presence in EMEA and Asia Pacific. The acquisition ...

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Credit Card Switch: Is Your Hotel Compliant?

Credit Card Switch: Is Your Hotel Compliant?

Following the nationwide EMV liability shift on Oct. 1, in-person credit card transactions in the United States are safer and more secure than ever before. Instead of swiping credit cards, vendors will be required to scan a high-tech chip that ...

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