Hotels Global Accommodation Sector Market Estimates 2025: Research Preview The global accommodation market, valued at $1.2 trillion in 2024, is projected to reach $1.3 trillion by 2026. Driven by increasing travel demand, the Asia-Pacific region is forecasted to overtake Europe in accommodation revenues by 2026. Despite ongoing geopolitical and regulatory challenges, we anticipate continued...
India-headquartered travel tech firm RateGain thinks it is in a “very commanding position” to double its revenue over the next three years. A software-as-a-service solutions provider for the hospitality and travel industry, RateGain feeds real-time consumer insights into its software, packages it and sells it as a subscription to airlines, hotels, and online travel agents. Speaking with Skift’s...
Wyndham Hotels & Resorts, the U.S.-based hotel franchising giant, is creating an extended-stay brand focused on the budget market. It said on Tuesday that it had signed deals with developers to debut 50 hotels by 2027. Wyndham’s first development partners, Gulf Coast Hotel Management and Sandpiper Lodging Trust, will build 25 each. The new brand, as yet unnamed, is slated to open its...
Airbnb co-founder Joe Gebbia, who saw his role diminished in recent years, announced he will “step back” from his “full-time operating role” at the company. Gebbia, 40, who co-founded the company with Brian Chesky and Nate Blecharczyk in 2008 in San Francisco, will remain on the board and continue to serve on the non-profit Airbnb.org. He was reelected to the Airbnb board...
Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here. Sunday, March 27 Hyatt Hotels announced they are terminating their association, contracts and relationships with Hyatt Regency Moscow Petrovsky Park in order to comply with sanctions and government directives. Meanwhile over at Skift...
Spirit Airlines said Friday it had entered into an agreement to extend the deadline to refinance some of its debt. In a regulatory filing, Spirit said the deadline would be extended from October 21 to December 23. The budget carrier was facing an October 21 deadline on renegotiating an agreement with the U.S. National Bank Association related to processing certain payments made to it via Visa or...
Good morning from Skift. It’s Thursday, August 1. Here’s what you need to know about the business of travel today. Listen Now Subscribe Apple Podcasts | Spotify | YouTube | RSS Episode Notes Marriott executives are optimistic they’ll see growth throughout the year despite emerging headwinds, writes Senior Hospitality Editor Sean O’Neill. CEO Anthony Capuano said the company saw strong travel...
Airlines
Southwest Airlines Flights to Be on Expedia
The move marks another major shift for Southwest, which had long resisted online travel agencies and encouraged direct bookings as a way to boost customer loyalty.
Meghna Maharishi | 15 hours ago
British birdwatcher Harriet Babeo arrived at Cuba’s Bay of Pigs earlier this week and promptly racked up 80 species for her list including the world’s smallest hummingbird and the elusive red, white and blue Cuban trogon, rarities found only the island. Far more challenging, she told Reuters, was hunting down a few liters of gasoline for her group’s rental car...
After finishing up a strong third quarter, Booking Holdings upped its outlook for the full year, pointing to strength in room nights, alternative accommodations, flights, AI, Europe and Asia. Its share price was up more than 6% in after-hours trading Wednesday evening. The company’s alternative accommodations’ room nights outpaced Booking’s core hotel business – 14% growth for...