Boeing’s already fragile airliner production chain is facing renewed jeopardy. Late on Thursday, workers overwhelmingly rejected a tentative deal agreed between union representatives and company management. More than 30,000 unionized staff in Washington and Oregon are now on strike. Members of the International Association of Machinists and Aerospace Workers (IAM) turned down a package that...
The Adani Group is set to invest INR 600 billion in its airport business over the next five to 10 years. This investment will be used to expand seven of the existing airports in its portfolio and will be split evenly between ‘airside’ expansion and ‘cityside’ development, the conglomerate said. Airports set to expand: The group has identified Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati...
Pent-up demand is trumping inflationary hikes in travel costs, as businesses “open the taps” to encourage their employees to get moving again. Inflation may be starting to dampen demand for summer vacations, but companies are willing to pay the price despite the continuing rises in airfares — for now. They’ve got no cap in place, according to one corporate travel agency, which is currently...
The three largest U.S.-based sellers of vacation ownership, or timeshares, have seen a broad pullback in consumer spending behavior. During earnings calls, executives noted an increased consumer hesitancy to buy timeshares, particularly for new buyers in the bottom third of income. However, surveys suggest that people already owning timeshares strongly intend to use them within the next year. The...
Happy Thursday, folks! India did it, we made it to the finals of the men’s cricket world cup. You know what this means: Four years until I care about sports again. Alright, let’s go. On the menu today: European Commission’s deal with short-term rental industry RedAwning’s upgrades for superhosts San Antonio supervision The European Handshake The European Council and Parliament have reached a...
After a dramatic year for the hospitality ecosystem, the lead-in to summer 2021 is revealing signs of recovery. Global travel demand is at its highest since the beginning of the pandemic, as the industry finds itself at a promising turning point. The impacts have been widespread. After a year of limitations and stay at home orders, consumers are showing new behaviors: a preference for self...
Travel is on the brink of a major transformation, and we’re inviting you to be part of it. This September, join us at the 11th annual Skift Global Forum to explore our theme, “Travel’s Great Renewal (and Reckoning).” As the world changes rapidly, so does travel, driven by new technologies, shifting consumer expectations, and global challenges. We’re bringing together top industry leaders...
India is actively working on expanding the DigiYatra facility for international travel. The DigiYatra Foundation expects to start prototype testing on e-passport based enrollment from next month, the CEO of DigiYatra Foundation, Suresh Khadakbhavi, said recently at an event in Saudi Arabia. What Is DigiYatra? This digital initiative, aimed at revolutionizing airport check-ins, uses a mobile app...
Tourism New Research: How Play Is Inspiring a New Generation of Travelers More and more travelers are seeking play activities as a means for self-fulfillment, looking inward as a source of travel inspiration. Destinations that embrace entertainment, sports, and cultural tourism will be better positioned to attract both regional visitors and international travelers. Qiddiya City + Skift | 1 day...
The Federal Aviation Administration (FAA) proposed new fines against unruly flyers that now brings the total levied so far this year to more than $1 million. The agency on Thursday said it is proposing an additional $531,545 in civil penalties against 34 airline passengers for disorderly behavior. Those new FAA fines in its “zero-tolerance” policy bring the total of penalties brought against...