Wednesday, November 14, 2007

Live from PhoCusWright Private Equity - Karl Peterson TPG

The PhoCuswright conference kicked off with discussion of private equity investment in the travel industry with Karl Peterson. Karl emphasized that PE is in for the long run. He disputed the theme of the recent Business Week article which used the term of "strip and flip" referring to the process where PE buys public company, extract profits and then splits up the company into pieces. Philip's questioned Karl's assertion that they are in it for the long haul, as no doubt many in the audience agreed, as a spin rather than a fact. The Business Week article went on to say that the recent credit crunch due to the collapse of the sub prime market has tightened available financing for PE. I believe we have not yet seen the true impact of PE on our industry. Blackstone now owns two GDS brands and three mainframe reservation systems (Apollo, Galileo, and now Worldspan). Sabre is owned by PE. Though all the GDS have offloaded a lot of their content to more inexpensive server based technology, the primary customer information is still tightly bound to the transaction residing on the mainframe. With PE owners now controlling Travelport and Sabre, the true impact of cutbacks and technology overhaul is still not known.

5 comments:

Anonymous said...


Provide homestay in kerala at affordable cost and feel

the beauty of cool nature,taste kerala homely food

and know the culture of kerala,
kerala homestay,homely kerala food,homestay

kerala,bed and breakfast,kerala accomodation,kerala

travel,kerala tour,stay at Kerala homes,Kerala

resorts,Kerala holidays,india holidays,
Homestay in kerala, Kerala homestay Bed and

breakfast at low cost

Anonymous said...

酒店經紀酒店打工 酒店工作酒店上班酒店兼差酒店兼職打工兼差打工兼職台北酒店 酒店應徵 禮服酒店 酒店經紀 打工 兼差

Medical Blog said...

Philip's questioned Karl's assertion that they are in it for the long haul, as no doubt many in the audience agreed, as a spin rather than a fact.

Anonymous said...

http://www.markbattypublisher.com/jsp/buytramadol/#hcl order tramadol overnight shipping - tramadol dosage elderly

梁爵 said...

2020.01.15台北酒店經紀人力銀行北部酒店工作開發部暨發展中心知名酒店經紀表示,以往上班族酒店兼差大多以門檻低、需要大量酒店小姐的酒店上班服務業為主,不過,隨著網路科技進步,八大行業就業酒店打工市場兼差型態也開始轉變,像是網紅、直播主首次擠入酒店上班從事酒店兼職工作的前5名。不過,許多年輕人要成為知名紅牌酒店小姐需要有創意、具備個人特色或是領域專業,也要具備國外接飯局(陪睡性交易)企劃、經過酒店經紀後製及行銷能力。酒店小姐要先吸睛,才有機會吸金。為了解上班族酒店兼職/大學生酒店兼差現況,酒店經紀人力銀行特別設計「台北風俗酒店經紀兼差現況調查」,酒店經紀2020年自1月1日到12月30日間進行網路亞洲大規模酒店上班問卷抽樣調查,有效樣本數為2000份,信心水準93%,誤差值為正負7.9個百分點