Skift Take Financiers liked the toughness and consistent operation of extended-stay hotels throughout the worst of the pandemic. However a $1.5 billion play for a portfolio and not even the whole WoodSpring Suites brand name reveals where investors see travel demand concentrating during the recovery. Cameron Sperance When you hear the term “trophy possession” tossed around in many...
Skift Take While leading any major company will bring enormous challenges, Mark Fields is fortunate he can devote his focus at Hertz to matters other than bankruptcy. Rashaad Jorden Hertz Corp has named former Ford Motor Co Chief Executive Mark Fields as its interim CEO, the rental car company said on Tuesday. Fields succeeded Alan Mulally as president and CEO of the No. 2 U.S. automaker in 2014...
Skift Take Airbnb needs to offer more info to visitors about hosts, and making them more searchable would be an improvement. The fear, however, is that such info would make it much easier for guests to book straight with hosts and bypass Airbnb. Dennis Schaal Online Travel This Week Top executives at Airbnb, Google Travel, and Agoda individually supplied tips in the last couple of days about...
Skift Take Good morning from Skift. It’s Thursday, February 3, in New York City. Here’s what you need to know about the business of travel today. Rashaad Jorden Today’s edition of Skift’s daily podcast checks out Google’s excellent quarter and the travel search boom that assisted it along, Ghana’s success drawing tourists from the African diaspora, and an...
Skift Take Competing political celebrations in Israel have various timelines to resuming the country’s international borders to vaccinated travelers. But those political differences will likely disappear in developing travel passages with key business partners like the U.S. and UK and even the United Arab Emirates. Cameron Sperance Israel’s Tourist Ministry said on Tuesday it wanted...
Skift Take The hotel giant is quietly tip-toeing its method across Europe, however a hospitality slant might show to be a weak point rather than a strength. Matthew Parsons, Skift Beneficial winds are blowing behind Accor’s co-working brand name Wojo. It has actually now launched dedicated areas in Germany and Austria, while in its home area of France, the government is delivering control...
Skift Take Amenitiz joins a wave of startups democratizing online selling tools for hoteliers. The Barcelona-based start-up brings e-commerce tools to small hotel business in a way that’s similar to how Shopify assists small sellers. Sean O’Neill Amenitiz, which brings e-commerce tools to small hotels, stated on Tuesday it had closed a $30 million Series A round of financing. 8...
Skift Take The U.S. has actually powered through the pandemic on a mix of well-being Zoloft and equity market Red Bull. The mix has led to inflationary adverse effects. However travel companies are happy they’re restoring a few of their prices power. Sean O’Neill, Skift In the U.S., a hot task market, supply restraints, and a careful rebound in domestic leisure and company travel have...
Skift Take In a rough monetary market, gamers such as Blackstone deserve tracking due to the fact that they normally have more wherewithal to purchase hotels than others do. Sean O’Neill The private-equity firm Blackstone Group purchased a minority stake in Sunstone Hotel Investors, which owns and operates 15 U.S. hotels, according to monetary files filed last week. The financial investment...
Skift Take Southwest Airlines’ Robert Jordan is mostly thrilled about his brand-new task but likewise “20 percent frightened.” And for excellent reason, he takes the helm as the carrier navigates a working with crunch in the middle of the recovery from the worst crisis in its history. Edward Russell Listen to This Conversation Incoming Southwest Airlines CEO Robert Jordan was...