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...
Skift Take Airbnb Plus didn’t work out, and its official demise is the punctuation mark. Airbnb guests have many other ways to search for a stay, and the company’s edge in exclusive listings has nothing to do with Plus. Dennis Schaal Airbnb is finally ending its Airbnb Plus program after several years of it being an inconsistent priority, Skift has learned. The official end date is...
Skift Take Don’t call it leaving Las Vegas so much as MGM Resorts taking advantage of inflated real estate prices to get into your pocket, by way of the increasingly lucrative online gaming business. Cameron Sperance Selling off old-school gambling halls is paving the way for MGM Resorts, operator of properties like Mandalay Bay and the Bellagio, to have one of the largest online gaming...
Skift Take Today’s edition of Skift’s daily podcast looks at a new take on wellness travel, Thailand’s tourism uptick, and Amadeus’ new payments system. Skift Good morning from Skift. It’s Tuesday, November 15. Here’s what you need to know about the business of travel today. Listen Now Subscribe Apple Podcasts | Spotify | Overcast | Google Podcasts Episode Notes Wellness travel has...
This sponsored content was created in collaboration with a Skift partner. The timeshare industry has evolved significantly to meet the changing demands of modern travelers who prioritize value, versatility, and exclusivity in their travel experiences. Overall, timeshare resorts reported an impressive average occupancy rate of 77 percent in 2023, significantly higher than the 63-percent average...
Skift Take Today’s edition of Skift’s daily podcast looks closer at Airbnb’s New York listings, Morocco tours resuming, and JetBlue’s air traffic woes. Rashaad Jorden Good morning from Skift. It’s Thursday, September 14. Here’s what you need to know about the business of travel today. Listen Now Subscribe Apple Podcasts | Spotify | Overcast | Google Podcasts | Amazon...