News and notes from around the interweb:
- Signatures on contracts date at least to The Talmud, but credit card networks are no longer requiring them. Why do so many merchants still make you sign then? Point of sale systems may not be updated, and especially places that involve tipping may choose to still insist on it.
- UberEATS drivers eating customers’ food
- Why is most travel writing so bad?
- In a worldwide exclusive I broke news that Hyatt would be acquiring Two Roads Hospitality, including Destination Hotels; Joie de Vivre; Alila; and Thompson Hotels giving Hyatt 85 more properties which skew higher end. That deal, combined with the SLH partnership, give Hyatt members access to a lot more nice hotels at which to spend their points. That wasn’t the full portfolio expecting that some properties wouldn’t come over.
Prior to closing the transaction, the base purchase price for the acquisition was revised to $405 million from $480 million, and the aggregate potential additional consideration from Hyatt was revised to $96 million from $120 million.
The revised consideration reflects the exclusion of certain properties from the transaction, including properties not operated under the Two Roads brands and properties that will continue to be managed or licensed directly by an affiliate of sellers.
- Credit card delinquencies, account closures, and application rejections are all up
- Double Miles & More miles on Lufthansa economy flights booked and flown by the end of the year (HT: Loyalty Lobby)
- United flight attendants told how they may celebrate this holiday season.
I am sorry to report @united flight attendants still may not wear "head adornments," such as antlers, this holiday season. They may, however, don a "conservative holiday scarf." Must be fun to be on the negotiating committee for this stuff. pic.twitter.com/pclcQEdvSw
— Brian Sumers (@BrianSumers) December 5, 2018