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Hospitality

34 stories about Hospitality

Selina Israel seeks liquidation after parent company's asset sale
05.03.25|Lital DobrovitzkySingaporean buyer shows no interest in Israeli operations, leaving the company leaderless and insolvent.
Reeco raises $15M Series A to modernize hotel procurement
15.01.25|Meir OrbachThe Israeli startup’s AI-driven procure-to-pay platform unifies procurement, inventory, and accounts payable into a single system.
Selina Israel ceases operations after global hospitality chain crumbles
15.09.24|Amir PergerThe collapse of the once-promising brand leaves a trail of unpaid debts and abandoned hotels across Israel.
Checked out: Selina's global hostel empire sold off after unicorn's dreams unravel
27.08.24|Viki AuslenderOnce a darling of digital nomads, reaching a valuation of $1.2 billion, Selina is stripped of its assets as investors lose faith.
Selina Hospitality files for administration, to be delisted from Nasdaq
22.07.24|Sophie ShulmanThe hospitality chain has lost 99.5% of its value since going public at a $1.2 billion valuation in December 2021, currently having a market cap of just $20 million.
Selina: The end? Hospitality chain facing insolvency after defaulting on loan
21.07.24|Sophie ShulmanThe hospitality chain has lost 99.5% of its value since going public, currently having a market cap of just $25 million. It is set to soon be delisted from Nasdaq after repeatedly failing to meet the exchange’s deadlines.
Guesty raises $130 million at $900 million valuation, eyeing IPO in 2025
10.04.24|Meir OrbachOperating in over 80 countries, Guesty’s platform provides both enterprise and SMB property managers as well as individual hosts with tools to manage the entire rental journey
From $1.2 billion to $12 million: Selina's valuation continues to crumble
10.04.24|CTechThe hospitality company claims to have reduced its debt by $52 million and its co-founders have announced they are converting cash compensation into shares to strengthen credibility, but investors remain unimpressed
Hilton escalates legal battle against former Jerusalem Waldorf Astoria owner over $26 million unpaid debt
02.04.24|Golan HazaniTwo previous arbitration rulings regarding the dispute between Michel Ohayon and Hilton were made in London by the International Chamber of Commerce (ICC). Hilton is seeking for the arbitration rulings to be enforced against Ohayon in Israel as well
Selina shares down over 96% from IPO price after single-day 41% plunge
20.08.23|CTechThe Israeli-founded hospitality company currently has a market cap of just $46 million, a far cry from the $1.2 billion valuation at which it went public last October
Hospitality company Selina sacks 350 employees as it continues to bleed cash
27.06.23|Sophie ShulmanThe Israeli-founded company went public in October through a SPAC merger at a valuation of $1.2 billion, but currently has a market cap of around just $120 million
Reeco raises $10 million for AI-based hospitality procurement marketplace
28.03.23|Meir OrbachThe Israeli startup provides a streamlined process for hotels and other hospitality buyers to order everything from food and beverage to cleaning supplies
Guesty continues shopping spree with acquisition of hospitality software companies Kigo and HiRUM
28.09.22|CTechThe Israeli property management platform, which raised $170 million last month, has made three acquisitions in two weeks after also purchasing hotel-focused revenue and distribution platform YieldPlanet
Guesty raises $170 million to expand hospitality and property management platform
16.08.22|Meir OrbachA significant portion of the funding went towards secondary deals. “We are close to becoming a unicorn. Within less than a year we tripled our valuation and doubled our revenue,” said Vered Raviv Schwarz, President and COO at Guesty
"The Millennials and Generation Z are 40% of hotel customers - we need to speak their language"
06.06.22|Neta Li-BinshtockDaniel Rudasevski, co-founder of the global hospitality chain Selina, said at Calcalist’s Israel-Greece conference in collaboration with Aroundtown and Brown Hotels: "If there’s no hot water they will manage, but without internet access they will not come"
Hospitality tech startup Duve raises $10 million Series A
06.06.22|Meir OrbachThe Israeli startup’s white-labeled platform helps collect details such as reason of visit, interests, language, type of visit, and more, allowing hoteliers to customize and segment guest journeys and build a digital and personalized experience
“It’s important to be a bridge between Israel and Greece,” says Brown Hotels’ founder
06.06.22|Amir KurzLeon Avigad of Brown Hotels spoke during Calcalist’s Israel-Greece conference about the hotel chain - which has over 50 branches in Greece - and its development over the past four years
Rural and vacation areas saw large uptick in reservations during pandemic
19.07.21|CTechMany people flocked to rural locations, and became ‘digital nomads’ says President & COO of Guesty, Vered Raviv Schwarz, speaking at Calcalist’s E-commerce 360 conference
The travel industry in the wake of COVID-19: which companies will realize the greatest opportunities?
08.10.20|Start-Up Nation Central, a CTech partnerThe travel, hospitality, and tourism industries have been hard hit by the coronavirus pandemic. How can technology help rebuild these industries? Experts weigh in
Dozens of Guesty Employees to Stay on Unpaid Leave
31.05.20|Meir OrbachIn March, Calcalist reported the company had put around 10% of its employees on unpaid leave due to the coronavirus crisis

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