Tourism
Tariffs Won’t Be a Direct Hit on Travel – But They Can Still Hurt
For the travel industry, the impact of tariffs is indirect. But the knock-on effects could be significant: Will tourists still be eager to visit the U.S.?
Gordon Smith, Lex Haris, Meghna Maharishi, Sean O’Neill, and Seth Borko | 17 hours ago
Air Canada expects “solid” demand through 2023 as it comes off a small operating loss last year driven, in part, by operational challenges over the year-end holiday period. The Montreal-based carrier reported an operating loss of $139 million (C$187 million) for 2022 on Friday, with executives citing increased fuel expenses and weather disruptions as part of the challenge to fly back...
Airlines
Virgin Atlantic Warns of Slowing U.S. Demand
Famed for its quirky branding and maverick mentality, historically Virgin Atlantic has struggled to turn a profit. Today’s results are a positive step, but uncertainty in the U.S. market could yet disrupt its ‘sustainably profitable’ goal.
Gordon Smith | 19 minutes ago
Hotel investors want more reliable performance metrics. Hotel companies already offer a few performance measures — and the most popular is revenue per available room — so called RevPAR. There’s a good reason to add others to the list, says HVS, a global specialist hotel valuation, consulting, asset management, and brokerage firm. HVS isn’t saying we should outright reject revenue per...
Peering in from the outside, it can appear that the multi-day tour sector is lagging in digital transformation when compared to almost every other sector of travel. We don’t see the layers of digital infrastructure and we haven’t seen the money that can flow with them. In airlines, hotels and even day tours and attractions, we’ve seen huge supportive industries pop up like res...
This sponsored content was created in collaboration with a Skift partner. In this video: A shift in travel priorities: Consumers are prioritizing experiences over products, which is not only driving more demand for travel overall, but it’s also influencing changes for what people do (and buy) while they are traveling. Social media has amplified this trend by driving inspiration and a desire for...
Hilton is expanding its luxury brands worldwide, and using a tailored regional approach to wooing owners organically —instead of acquiring portfolios. “The further east you go, the longer the asset is normally held because it’s usually a generational investment driven by a sense of family pride,” said Dino Michael, senior vice president and global head of luxury brands...
This sponsored content was created in collaboration with a Skift partner. The landscape for travel loyalty continues to grow, fragment, and change at a rapid pace. Hotel and airline programs are expanding year on year, reaching record figures. For example, Marriott Bonvoy now boasts more than 200 million members and has seen membership grow by 60 percent in the last five years. Hilton is hot on...
Boosted by the travel boom, the Indian hotel industry is set to report double-digit revenue growth in fiscal 2024, as projected by ratings agency ICRA. Optimistic Outlook for Hotel Occupancy: ICRA estimates premium hotel occupancy across India to reach a decade high at 70-72% in the fiscal year, after recovering to 68-70% in fiscal 2023. This optimistic outlook is underpinned by robust demand...
Mobile virtual cards aren’t new. A virtual card assigns a unique number to a transaction or a specific period of time. Companies can set spending controls on these card numbers so that employees don’t go over a limit. You can store these virtual cards on your phone. But what is new is that Mastercard and other players are making these cards easier to access in digital wallets on employee phones...