Good morning from Skift. It’s Thursday, May 16. 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 This year’s Summer Olympics are boosting short-term rental bookings in Paris, writes Reporter Elizabeth Casolo. Short-term rental bookings in Paris between July 26 through August...
This sponsored content was created in collaboration with a Skift partner. The hotel industry is poised for significant growth in 2025, with rising hotel demand and favorable economic conditions creating new opportunities for real estate developers and investors. Despite current financing challenges, Choice Hotels President and CEO Patrick Pacious is optimistic, highlighting factors such as...
Airlines across Asia are imposing new restrictions on lithium batteries, reflecting heightened concerns over fire risks from power banks. South Korea’s nationwide restrictions took effect this month, limiting passengers to five spare lithium batteries (each up to 100Wh) and banning those over 160Wh — roughly twice the capacity of a standard laptop battery. Lithium batteries power many popular...
A new report by payment network Collinson International has shown that Millennials in India are spending an average of $6,031 on travel annually, more than any other generation. The next highest is Gen X at $3,059, followed by Gen Z ($2,622) and Boomers ($2,600). Travel is the second-highest spend category for Millennials and it accounts for 34% of their annual expenditure, according to Collinson...
The Indian aviation watchdog, Directorate General of Civil Aviation (DGCA), said Monday that it issued a decade-high of 1,622 commercial pilot licenses in 2023, up from 1,165 licenses in 2022. Among the new licenses, 18.1% belong to women pilots, for growth of 22.5% from 2022. An estimated 14% of the workforce employed with scheduled airlines consists of women pilots. This is the second...
Wizz Air has been named the most emissions-efficient airline in a new climate ranking from aviation analytics firm Cirium. The Hungarian low-cost carrier emits around 54 grams of CO₂ per seat per kilometer, according to the review, which was verified by PwC and is the first of its kind in the industry. That efficiency measure is driven by several key factors, starting with Wizz Air’s relatively...
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Canadian visits to the U.S. may have begun to decline following Trump’s inauguration and his administration’s announcements of tariffs, early data suggests. According to Canada’s official statistics bureau on Monday, the number of Canadian residents returning from trips to the U.S. by vehicle in January declined year-over-year for the first time since the pandemic. The decline was modest:...
Banks are racing ahead to snap up travel and expense platforms, as the rate of payments digitization accelerates. Now TravelBank, a corporate travel agency that’s backed by actor Will Smith, has been acquired by U.S. Bancorp, parent of U.S. Bank. U.S. Bank said the acquisition allows it to accelerate the integration of digital payments within the commercial segment. The deal was signed on Nov...
Despite sophisticated machine learning and artificial intelligence, online fake reviews remain a problem. And now, major online travel, retail and review platforms have formed a coalition to combat them. The coalition includes Tripadvisor, Expedia Group, Booking.com, and Amazon. Google is a notable absence. As is Airbnb, which attended the first Fake Reviews Conference that Tripadvisor organized...