Skift Intelligence is built on a framework designed to track every decision that determines where the next dollar in travel is going. Capital Moves, a new feature updated daily, tracks every notable capital allocation announcement across global travel.
Hotels and aviation accounted for 52 of the 85 capital moves Skift tracked in October, and they tell two different stories.
In hotels, money changed hands, and sellers recycled capital or worked through distress. Pandox sold seven Nordic hotels to pay down debt, receivers sold two Shimao hotels in Hong Kong, and two Indian hotels passed to a new owner through insolvency. Buyers consolidated, from Endeavor’s seven-hotel portfolio around Chicago Midway Airport to Sunday PropTech’s deal for Fletcher’s roughly 170 hotels.
In aviation, money went into future capacity and the debt to fund it. Avolon ordered 250 aircraft and Aviation Capital Group 75 more, while Southwest, IndiGo and Allegiant lined up financing. AAR also expanded its revolving credit facility to $1.375 billion ahead of its planned acquisition of MRO Holdings.
Startup funding stayed modest. More than half of venture financings were $5 million or less. The AI money that did move went mos
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Tags: capital allocation, mergers and acquisitions, next dollar, private equity, skift intelligence, venture capital