Inspirato, which offers a luxury vacation home and hotel subscription service for affluent guests, layed off around 50 staffers, or some 6% of its workforce yesterday, Skift has learned. Skift received a tip about the job cuts, and Jeff Hartman, Inspirato’s executive vice president of marketing, confirmed the workforce reductions Thursday. The staff cuts occurred in the company’s...
This sponsored content was created in collaboration with a Skift partner. Business travel demand has rebounded significantly in recent years. However, even as working travelers have returned to the air, companies now face the dual challenge of managing rising trip costs while maintaining the quality of their commuters’ in-air experiences. According to the Global Business Travel Association...
Please note that Dwell will hit your inboxes on Thursdays every week with a digest of the top short-term rental stories published on Skift. You can sign up for it on our newsletters page. This week, we have a roster full of stories — from company shutdowns to acquisitions, the short-term rental industry is on the brink of consolidation and professionalization that industry insiders keep harping...
Two Days of Connections and Ideas Skift Global Forum East kicks off on November 19, with the opening reception taking place at Address Grand Creek Harbour, followed by a day of full forum discussions on November 20 at Address Sky View. Here, we will explore how evolving source markets, experience-driven consumer demand, regional air connectivity, data and AI innovations, luxury travel trends, and...
Good morning from Skift. It’s Wednesday, August 2. 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 The solid performance of Marriott’s premium hotels drove the world’s largest hotel company to a strong second quarter. And now, Marriott is looking to add midscale hotels to...
Hotels Global Accommodation Sector Market Estimates 2025: Research Preview The global accommodation market, valued at $1.2 trillion in 2024, is projected to reach $1.3 trillion by 2026. Driven by increasing travel demand, the Asia-Pacific region is forecasted to overtake Europe in accommodation revenues by 2026. Despite ongoing geopolitical and regulatory challenges, we anticipate continued...
India-headquartered travel tech firm RateGain thinks it is in a “very commanding position” to double its revenue over the next three years. A software-as-a-service solutions provider for the hospitality and travel industry, RateGain feeds real-time consumer insights into its software, packages it and sells it as a subscription to airlines, hotels, and online travel agents. Speaking with Skift’s...
Wyndham Hotels & Resorts, the U.S.-based hotel franchising giant, is creating an extended-stay brand focused on the budget market. It said on Tuesday that it had signed deals with developers to debut 50 hotels by 2027. Wyndham’s first development partners, Gulf Coast Hotel Management and Sandpiper Lodging Trust, will build 25 each. The new brand, as yet unnamed, is slated to open its...
Airbnb co-founder Joe Gebbia, who saw his role diminished in recent years, announced he will “step back” from his “full-time operating role” at the company. Gebbia, 40, who co-founded the company with Brian Chesky and Nate Blecharczyk in 2008 in San Francisco, will remain on the board and continue to serve on the non-profit Airbnb.org. He was reelected to the Airbnb board...
Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here. Sunday, March 27 Hyatt Hotels announced they are terminating their association, contracts and relationships with Hyatt Regency Moscow Petrovsky Park in order to comply with sanctions and government directives. Meanwhile over at Skift...