Skift Take Summertime pertains to the rescue of this much leaner airline company, and CEO Carsten Spohr will be happy to get rid of the overhanging financial obligation it collected. Matthew Parsons German airline company Lufthansa will create favorable cash flow this summertime, while it ought to be possible to totally loosen up a Covid-19 rescue package in a year’s time, CEO Carsten Spohr...
Skift Take Today’s edition of Skift’s everyday podcast looks at AirAsia’s superapp dreams, Turkey’s Russian angle, and employee psychological health at hotels. Rashaad Jorden Great morning from Skift. It’s Tuesday, January 31. Here’s what you need to know about business of travel today. Listen Now Subscribe Apple Podcasts|Spotify|Overcast|Google Podcasts...
Skift Take WeWork and IWG will vie for an “asset light” future to recuperate after the pandemic. And with that, branding becomes a lot more essential on the planet of work. Matthew Parsons, Skift Co-working area providers see light at the end of the tunnel, regardless of the stop-start return to offices. IWG (Worldwide Work environment Group) published profits of $1.4 billion for the...
Skift Take Lastly, there’s some sincerity about the hotel labor scarcity crisis, and it doesn’t just hinge on pandemic-related welfare. Cameron Sperance The presidents of the world’s largest hotel companies recognize they have a labor scarcity issue that isn’t disappearing anytime quickly. The hotel industry, with almost triple the unemployment rate of the U.S. national...
Skift Take Flying is still with associated with virus transmission, and it most likely will not matter who petitions for an end to pre-departure testing requirements for immunized global passengers, the U.S. is not likely to budge for some time. Matthew Parsons Major airline companies, company and travel groups urged the White Home on Wednesday to end Covid-19 pre-departure screening requirements...
Skift Take In Skift’s leading travel stories today, we covered Marriott’s arrival in Sandals’ complete sandbox, travel supervisor fears over debt consolidation, and a startup deal on hotel automation. Dennis Schaal, Skift Throughout the week we are publishing original stories night and day covering news and travel trends, consisting of the impact of coronavirus. Every weekend we...
Skift Take It’s a case of 2 advances, one step back, due to the fact that the risk of being stranded in another country is simply expensive at the moment. Matthew Parsons London’s Heathrow Airport stated it was seeing high levels of business travelers canceling over issues they might be caught overseas by travel constraints triggered by the new Omicron variation of coronavirus. The...
Subscription-based lodging operator Landing raised $125 million to continue growing in the U.S., showing a business appetite for “flexible living” as remote employees hop from city to city. It’s the current in a flurry of significant offers to emerge in the sector, which includes a brand-new project from WeWork’s controversial co-founder. Adam Neumann raised $350 million...
Skift Take In Skift’s top stories this week, TUI Group’s biggest investor is a popular supporter of Vladimir Putin, Expedia stops using travel to and from Russia, and hotels and hostels reserved beds for Ukrainian refugees. Rashaad Jorden Throughout the week we are posting original stories night and day covering news and travel patterns, consisting of on the impact of coronavirus...
Skift Take With tourism tipped for a significant rebound, hotel operators might hold out a bit longer before selling up. But SC Capital will be one to see if it begins buying hotel management platforms and other travel-related companies. Matthew Parsons Singapore’s SC Capital Partners intends to raise around $550 million for a new fund targeting hard-hit Japanese hotels, its chairman told...