Skift Take Marriott’s scale and skew to slower growing segments has actually indicated it has lagged behind its closest competitor Hilton on net unit development for several years. Whilst its direct exposure to high-end historically disadvantaged development, renewed interest in the development of high-end hotels publish Covid will likely assist Marriott in bridging the unit development gap...
Amidst the experience sector’s digital change, a notable trend is emerging: the value of direct bookings, with smaller trip operators looking to take advantage of the next wave for experience travel organizations. While leading online travel agencies (OTAs) are keen to expand their digital footprint in a market where just 30% of reservations occuronline, a growing preference for authentic...
Skift Take Business travel is back, flights are full, and the money is streaming in at American Airlines. All good, right? Not even close as operational and staffing issues are expected to stick around. Edward Russell One sure method to produce great deals of cash in the airline company market is too synthetically restrict flying. That might sound counterproductive however supply and need...
Skift Take Expedia Group’s equity stake in American Express Global Company Travel has actually taken a shellacking to date, but other elements of the deal have long-term advantages. Dennis Schaal Expedia Group regularly talks up the benefits of its sale of corporate travel bureau Egencia to American Express Global Company Travel. Advantages consist of: A 10-year pact to supply Amex GBT with...
Skift Take TUI Group is one of the very first companies to test how it can use a generative AI chatbot to assist consumers explore its own portfolio of items. Justin Dawes TUI Group launched a ChatGPT-powered chatbot on its UK app, the very first of what is expected to be a wave of rollouts that includes generative AI into the company’s tech. Utilizing the ChatGPT– powered chatbot...
Skift Take Today’s podcast takes a look at Venice’s traveler cost, slower growth for hotels, and new markets for trip leasings. Rashaad Jorden Good morning from Skift. It’s Friday, June 7, 2024. Here’s what you need to know about the business of travel today. Listen Now Subscribe Apple Podcasts|Spotify|Overcast|Google Podcasts|Amazon Podcasts Episode Notes Authorities in...
Skift Take In Skift’s top stories today, Hawaiian Airlines is changing its circulation technique, Sonder has a disappointing stock market debut, and Hilton reveals its strategy to address the labor shortage in the hotel industry. Rashaad Jorden Throughout the week we are publishing original stories night and day covering news and travel trends, consisting of on the impact of coronavirus...
Skift Take U.S. airlines all say that need continues to remain extremely strong as they look ahead to spring and summertime. However simply the length of time will the delighted need story continue and might the party be ruined by increasing expenses? Jay Shabat, Skift It’s like that bunny in the old Energizer battery commercials: Still going. Covid’s cork on travel need finally...
Skift Take Mergers and acquisitions were undoubtedly the heading in 2021, as business travel agencies regrouped after a grueling year fighting the pandemic. Matthew Parsons There’s always been murmurings of consolidation in the business travel sector, for a range of reasons. Pre-pandemic it was mainly about creators of smaller sized, maybe older, travel agencies deciding to call it a day...
Online take a trip platforms that pay close attention to the distinct curation of their trips and activities will own the longtail game of discovery. That’s the belief of Context Travel creator Paul Bennett, who, with co-founder and wife Lani Bevacqua, has actually been trying to separate and digitally scale the walking tours for almost twenty years. The Stickiness of Interest and Learning...