You could be forgiven for thinking that travel companies might shy away from taking companies public via special purpose acquisition company (SPAC). Many will have seen industry peers have a rough ride back in 2022 and question what has changed.
For Chris Hemmeter, managing director of Thayer Investment Partners, the travel industry is in a very different place now. In an interview with PhocusWire, he said there is already a resurgence in potential SPACs attributable to the macro environment and amount of money investors have been sitting on which is "creating a little bit more interest in alternatives for companies."
And the profile of a travel company that might be ready to go public via this route? They must be profitable, said Hemmeter and even "somewhat boring."
"Understandable products where you can really see the slow march in growth and expansion of margin."
Hemmeter also discussed how much experimentation is going on in the industry currently despite how hard funding is to come by.
All episodes: https://www.phocuswire.com/in-phocus
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com