Hyatt's Resort Target, Despegar's Acquisition and Hotels vs. OTAs
Hyatt is in talks to acquire Playa Hotels & Resorts, expanding its all-inclusive resort footprint in the Caribbean and Mexico, while Despegar has agreed to a $1.7 billion cash buyout by Prosus slated to close in 2025. Additionally, a Skift Research report suggests hotel websites could overtake online travel agencies (OTAs) by 2030, though there’s debate about whether major brands’ direct booking growth will offset independent hotels’ continued reliance on OTAs.
- Hyatt Hotels said on Monday it’s in negotiations to buy Playa Hotels & Resorts
- Latin America’s largest online travel company has agreed to be acquired
- There is a debate about whether hotel websites will outpace online travel agencies
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