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New US CIO appointments, August 2023

CIO Business Intelligence

Jeff Knowlton named CIO for Sonesta International Hotels James Knowlton, Sonesta Sonesta Sonesta International Hotels is a hotel management company with over 280 properties in eight countries. Prior to Pursuit Collection, he held roles at Sage Hospitality, Vail Resorts, and Marcus Hotels & Resorts.

Hotels 98
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Airbnb valued at $100 billion following blockbuster IPO — equivalent of more than five Expedias

GeekWire

billion — a mind-boggling figure that the newspaper said is greater than Marriott, Hyatt Hotels and Hilton Worldwide Holdings combined. Meanwhile, its net loss more than doubled to $696 million for the first nine months of this year, sparked in part by the decline in the travel business due to COVID-19. That compared to $3.6

Travel 104
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Airbnb lost millions in revenue due to the coronavirus, IPO filing reveals

The Verge

The company has seen annual net losses every year since its launch and says it may not be able to achieve profitability. It went from a net loss of $70 million in 2017 to a net loss of $674.3 For the nine months ending on September 30th, it saw a net loss of $696.9 million in 2019, on revenue of $4.81

Travel 88
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Airbnb files for IPO with future of travel uncertain; Expedia Group listed as competitor in prospectus

GeekWire

billion in revenue through the first nine months of 2020, down 32% year-over-year, with a net loss of nearly $700 million, growing from $322 million in the year-ago period. The company did post net income of $219 million in the third quarter. The company’s IPO prospectus shows $2.5

Travel 127
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IT services company Atos plans IBM-style split

CIO Business Intelligence

Atos and its customers, which include hotel chain Accor, electronics supplier RS Components, and telco Telefonica, could pick up some pointers from how IBM handled its Kyndryl spin-off, as there are similarities between the two. IBM was still broadly profitable when it split, having made a net profit of $5.7 Legacy losses. billion ($5.3

IBM 98
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Expedia Group CEO says he’s ‘rooting for revenge travel’ as revenue sinks 44% in Q1

GeekWire

Hotels are full. The company’s adjustable net loss grew to $294 million. . “Revenge, or otherwise, places like Miami demonstrate that there is huge pent up demand to go to places where people can experience a relatively normal travel experience,” said Kern. People are out everywhere. Restaurants are full.

Travel 110
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Rackspace’s CTO takes a broad view of sustainability

CIO Business Intelligence

In April 2023, Koushik received one of the organization’s SustainableIT Impact Awards for environmental impact, alongside Choice Hotels’ CIO Brian Kirkland and others. Hyperscalers provide tools that allow customers to calculate their impact, and they’ve made some aggressive net zero commitments, Koushik says.