Mondee has acquired travel provider Consolid to support its expansion into the Latin American travel market. Already a leading travel technology company and travel marketplace in North America, Mondee is continuing an expansion that also includes its acquisitions of Orinter in January and Interep earlier in May, the company said in a Monday (May...
Elliott Management, a hedge fund, will be investing in a special purpose acquisition company (SPAC), even as those have lost much of their appeal, a Financial Times report said Sunday (April 24). The SPACs, while once darlings, have recently not been doing well, leaving dealmakers...
Mondee, which works on connecting travel agents with airlines, is on track to close a deal with a SPAC to go public at a value of around $1 billion, The Wall Street Journal writes. Mondee could potentially merge with ITHAX Acquisition Group, the report says,...
Travel tech company Mondee has acquired New York City-based startup Rocketrip to expand travel spending incentives, according to a report from Skift. The report noted that, for many businesses, travel spending can become a headache when employees end up spending too much on their corporate...
February 13, 2024
Just as banking-as-a-service (BaaS) and software-as-a-service (SaaS) have reshaped their respective industries, a new “as a service” model is emerging in the travel and tourism sector. This tourism-as-a-service concept aims to redefine connected travel, harnessing the potential of advanced technologies such as artificial intelligence (AI) and blockchain to streamline every facet of the journey — […]
May 15, 2023
Mondee has acquired travel provider Consolid to support its expansion into the Latin American travel market. Already a leading travel technology company and travel marketplace in North America, Mondee is continuing an expansion that also includes its acquisitions of Orinter in January and Interep earlier in May, the company said in a Monday (May 15) press release. “The recent acquisitions of Orinter, Interep and […]
April 24, 2022
Elliott Management, a hedge fund, will be investing in a special purpose acquisition company (SPAC), even as those have lost much of their appeal, a Financial Times report said Sunday...
December 19, 2021
Mondee, which works on connecting travel agents with airlines, is on track to close a deal with a SPAC to go public at a value of around $1 billion, The...
