Skift Take When they asked Willie Sutton why he robbed banks, he stated, “Since that’s where the money is.” You could state the very same feature of why the travel sector has actually had so much recent merger and financial investment in back-office travel payments. Sean O’Neill Hotels, airline companies, agencies, aggregators, charge card issuers, and financial technology...
Skift Take Uncle Sam is providing to airports enhancement grants an updated giveaway, without matching requirements. Are airports going green because it’s useful for the environment or useful to them? Ruthy Muñoz The Federal Aviation Administration (FAA) awarded $766 million in 2021 airport improvement grants to numerous midsize and small airports across the nation looking to improve safety...
Skift Take Travelers are increasingly intentional about aligning travel decisions with values. Tourism marketers will have to use all the channels to hit the right tone for the right consumer segment, says a new report. Lebawit Lily Girma, Skift As North Americans leave home in bigger numbers this summer, after over a year of restricted movement, their mindsets and priorities have clearly shifted...
Skift Take There is a long lobbyist-filled journey ahead for this Home committee-backed expense to cut Google Travel to size. However it’s an important action that was practically unimaginable a few years back. Dennis Schaal, Skift Google’s travel industry rivals might ultimately get competitive relief under a series of costs authorized by a U.S. Home of Agent committee. Under the...
Skift Take Success is one thing, however out-performing 2019 is the real indication of a rebound. Option Hotels is lucky to not have to worry as much about business travel and conventions as some of its competitors. Cameron Sperance Limited exposure to corporate and group travel can be a significant monetary benefit to a hotel business in an international pandemic. Simply ask Choice Hotels. The...
Skift Take Airbnb is certainly revealing strength, but is its hubris about leading the travel healing a bit overblown? Dennis Schaal, Skift As Airbnb narrowed its bottom line in the 2nd quarter, and saw the majority of its key metrics surpass or approach the exact same period in pre-pandemic 2019, Airbnb co-founder and CEO Brian Chesky boasted to experts about Airbnb’s...
Skift Take After 2 quotes, and now a modified bid, the bidding war to lead Hertz out of insolvency is heating up. The proverbial ball is in Hertz’s court at the moment. Dennis Schaal Hertz Global Holdings Inc stated on Tuesday it had gotten a revised deal from Knighthead Capital Management, Certares Management and Apollo Global Management to fund the cars and truck rental business’s...
Image counts for whatever in the present environment, as travel bureau want to assure their clients they can manage their bookings as economies begin to recuperate. And business travel supervisors will be seeking guarantees from them that they can cope with a surge in activity as travel constraints lift, especially as federal governments unwind their financial support plans and labor shortages...
Skift Take There are more indications of self-confidence that travel’s making a comeback, with outsider Nium now wanting a piece of the payments action by buying Ixaris. Matthew Parsons, Skift A startup backed by Visa is scrambling to end up being a significant player in business-to-business travel payment innovation, following its acquisition of Ixaris, a deal which is planned for the 3rd...
Skift Take Vrbo certainly seems to be stealing a little bit of market share from Airbnb in the U.S. in recent months, albeit from a much smaller sized base. Vrbo’s aggressive marketing project earlier this year appears to be settling. Dennis Schaal, Skift Online Travel Today There’s something occurring here– In the arms race for stockpiling listings and most likely brand-new...