Skift Take Stephen Scherr, the former Goldman Sachs chief financial officer, has already put a stake in the ground with a new order for 65,000 electric cars from Sweden’s Polestar. But can he help fix Hertz so soon after its exit from bankruptcy? Matthew Parsons Stephen Scherr, the new CEO of car-rental firm Hertz, has downplayed the challenge of taking over the helm of a company that only...
In the latest episode of the Skift Ideas Podcast, Colin is joined by Harry Jameson, CEO of Pillar Wellbeing, a service provider targeting sophisticated, health-curious individuals who wish to optimise today and future-proof tomorrow through the three core ‘pillars’ of Movement, Nourishment and Recovery. Harry has over 18 years’ experience in the fitness & hospitality industries, having...
Skift Take Want to develop a hotel? Think beyond just room revenue. Money talks, and more investors like CGI want to see increased emphasis on social issues and sustainability going forward. So-called ESG is no longer a side thought. Cameron Sperance Environmental and social issues are finally getting more recognition in the hotel investment arena, but it all comes down to location. ESG — or...
The world’s travelers may not all be for the taking by Booking Holdings. The $86 billion Connecticut-based conglomerate calls itself the “world’s leading provider of online travel and related services.” But the company still has work to do on its machinery for taking the customers it has and cross-selling them with multiple products — so called connected trips. It also may be running out of first...
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Wanderlust Newsletter
Our look at the most important tourism stories, including destination management, marketing, and development. A new arrival every Thursday.
Skift Take How will TUI Group respond to the European Union’s sanctions against the tour operator’s largest shareholder? The issue goes beyond any potential financial fallout and becomes one of corporate responsibility and the integrity of the TUI Group brand. Dennis Schaal The Russian oligarch Alexey Mordashov, who owns 34 percent of TUI Group shares and is its largest shareholder...
Aman Resorts has been in the headlines this month after it received a $900 million investment from Saudi Arabia’s Public Investment Fund and Cain International, a UK-based real estate investment firm. The deal valued the Swiss company, owned and run by Vladislav Doronin, at $3 billion. Aman this month also debuted a Manhattan location, which has an 83-suite hotel and 22 branded residences. The...
Skift Take The real estate market might be tight, but investors’ purse strings are still loose Srividya Kalyanaraman That investors are buying single-family homes across the country is not new, but how much and where? Investor activity is particularly notable in Sun Belt markets with strong population and rental growth. In early 2022, 28% of home sales were to investors buying single-family...
Skift Take IAG says the healthy numbers show robust and sustained demand for air travel – a trend it sees continuing into 2024. Gordon Smith The owner of some of Europe’s best-known airlines more than doubled its operating profit last year. International Consolidated Airlines Group (IAG) – the parent company behind brands such as British Airways and Iberia – posted results comfortably ahead...
Due to the swift rebound in domestic passenger traffic, credit rating agency ICRA maintains a stable outlook for the Indian aviation industry. The agency anticipates that this recovery will persist through the latter half of the financial year. ICRA predicts a reduction in the industry’s net losses, estimating them to be in the range of INR 30-50 billion for fiscal year 2024. This marks a...